Spain Store Will Anchor Historic Plaza

May 25, 2011

After speculation about a new Madrid (Spain) store location and a period of uncertainly about building approvals, city officials have confirmed that Apple will occupy all seven levels of the historic building at #1 Puerta del Sol overlooking the city’s main plaza. The store could become one of the most visible and eye-catching storefronts in the entire Apple chain. The 1863 building is being carefully restored and renovated now, and will then upgraded to modern specifications for an Apple store on at least two levels and the basement. There’s speculation that the other five floors will house Apple administrative offices, meeting rooms and possible some training spaces. Madrid mayor Alberto Ruiz-Gallardon told local reporters last week that the building’s owners have agreed to lease the entire building to Apple, not just the basement as previously reported. He said the city, “committed to them we will provide whatever is needed for this project between Apple and the owner of the building to come to fruition and actually end up being a positive for the city.” The building’s iconic “Tio Pepe” electric sign has already been removed from the roof, but will be returned when the project is finished, to continue overlooking the busy plaza. The store will be the third in Madrid and could open in 2012.

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