Apple's Grand Central Store: New Images Released By MTA

08/19/2011 01:46 pm ET | Updated Oct 19, 2011

Hammers are swinging at Apple's forthcoming retail location in New York's Grand Central terminal, and the Metropolitan Transportation Authority has finally released official images that show what the new store will look like when finished.

Located near the terminal's East Staircase, the store will occupy the space formerly rented by Charlie Palmer's Metrazur restaurant, as well as an adjacent arm of the northeast balcony overlooking the terminal's Main Concourse.

According to the New York Times's City Room blog, the MTA first showed off the images at a July 25 committee meeting, after which the Wall Street Journal reported how much the space will cost:

Apple is paying Charlie Palmer's Metrazur restaurant $5 million to vacate its space on the terminal's east balcony more than eight years before its lease expires. The MTA will get significantly higher annual rent: $1.1 million from Apple vs. $263,997 from Metrazur.

(The New York Post estimates that Apple's yearly rent will hover around $800,000.)

As noted by PCMag, the MTA hopes to make as much as $5 million a year from the 23,000 square-foot store, which will dwarf Apple's largest venues by 3,000 square feet, according to Apple Insider. Construction is expected to wrap as early as the year's end.

Check out high-resolution images of the store, as well as construction plans and a photo of the current scaffolding visible from Grand Central's Main Concourse (below). Then, take a look through our slideshow featuring stunning images of Apple's futuristic new Cupertino headquarters.

Aplpe's Grand Central Terminal Store Plans

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