The long-awaited deal for Appleâs sprawling subterranean store in the GM building was recently finalizedâbut only after landlord Harry Macklowe promised Steve Jobs he could take his big $9 million glass cube with him at the end of the lease, reports New York Magazine.
âSteve Jobs felt that he created the cube so he owned it,â said Apple broker Robert Futterman, noting that Macklowe wanted it to stay put. âAt the eleventh hour, that was the biggest issue.â
The report says that Macklowe aggressively wooed Jobs, flying out to California twice and offering the 24,000-square-foot retail space at well below market rent of $1,000 per square foot.
\"At the end of the twenty-year lease, Jobs must replace the cube with a comparable structure before hauling it off.\"
The GM Building flagship Apple store is now slated to open next spring.
Rendering of 5th Ave. Apple retail store entrance.