West 34th Street Location Appears Dead

November 5, 2008

A planned retail store on West 34th Street in New York City now appears definitely dead, according to a story in the New York Post newspaper. Apple leased the space at 21-25 W. 34th Street in November 2006, directly across from the iconic Empire State Building. The area is slowly moving upscale as new retailers move in, but apparently not quickly enough. In January 2007 several sources said that Apple had cancelled its store plans because the areas wasn’t chic enough, leaving the company with a $5.5 million annual lease payment. Now the Post says Apple has turned the space back over to developer Robert K. Futterman, who is pitching the 18,000 square-feet to other potential retailers, with availability in April 2009.

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