Apple Inc is more than doubling the size of its renowned store on Manhattan’s Fifth Avenue, bringing a boost to a retail corridor that’s suffered from Trump Tower congestion and persistently high vacancies in the past year. The Boston-based landlord is co-owner of the General Motors Building at 767 Fifth Avenue, which houses the Apple location. Boston Properties has been working to fill empty retail space at the property. In addition, President Donald Trump’s presence at Trump Tower, just two blocks to the south, has tied up traffic in the neighbourhood, causing police to set up barriers and limit the free flow of pedestrian traffic. Apple has already moved temporarily into the former FAO Schwarz store that closed in 2015, to the rear and to the right of the cube, Linde said.

Source: The Star February 02, 2017 09:13 UTC