Roger Fingas
Apple has reportedly reached a deal to open a major new store at the Carnegie Library in Washington, D.C., a building some 113 years old sitting across from the Washington Convention Center.
The iPhone maker has been in talks with Events D.C. — the District's sports and convention authority — for several months about the prospect, the Washington Business Journal said. The Events D.C. board is expected to approve a letter of intent at a Thursday meeting.
The group is currently proposing a 10-year lease, with two five-year extensions, a source told the Journal. Apple will allegedly pay market rent, as well as a sum between $1 million and $2 million to Events D.C. to compensate for any losses at the building.
The company will also have to bear the burden of renovating the space, measuring some 63,000 square feet. For the design project it has reportedly tapped frequent collaborator Foster + Partners, aiming to replicate ideas used at other Apple stores in London and San Francisco.
Even then Events D.C. is expected to retain rights to use the space for meetings and events several times a year, and maintain a small office space.
Charles Martin
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3 Comments
There we go once again, leadership, proactivity, responsible citizenship. They will do great things. I like the global flagship presentation. Will be a sentinel to the ideals of our country when apple brings in their staffing from around the world. Excellent.
Ok, you heard it here first folks. Ill go out on a limb. Lol
I was looking at the location, this project will fit nicely as a hub for semi or autonomous driven vehicles. Apple assisted; shuttles, exec or secure transportation even cargo could circulate using such innovation. In a secure area such as inner Washington, it would help and be quiet a get for Apple.
Just a thought.
Only two comments on this post from two years ago? Crazy. I'm surprised this project was approved, that something as legendary as the Carnegie Library being turned into a commercial retail outlet. I figured something more public interest would be more appropriate.