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Sat, Nov 21, 2009 - 09:17 AM EST  —  AAPL: 199.92 (-0.59, -0.29%)  |  NASDAQ: 2146.04 (-10.78, -0.5%)

Apple Store Wall Street?  Apple negotiating for entire 12,500-square-foot building at 23 Wall Street
Wednesday, May 14, 2008 - 09:39 AM EST

"Sources tell us that Apple is seriously negotiating for the entire 12,500-foot building at 23 Wall St.," Lois Weiss reports for The New York Post.

"Located at the iconic corner of Wall and Broad streets, the small granite building nicknamed "The Corner" was developed by the financier J.P. Morgan and, after its completion in 1914, served as J.P Morgan and Co.'s headquarters," Weiss reports.

"It's now an empty building connected to its tall residential and luxury condominium neighbor at 15 Broad St., which has an Hermes shop on the Broad Street side, facing the New York Stock Exchange," Weiss reports.

"The building still bears some scars from a bomb hidden in a horse drawn carriage - that rocked Wall Street on Sept. 16, 1920," Weiss reports. "While over $1 billion in gold sat inside the Assay Office across the street, the Morgan property at 23 Wall took the brunt of the noontime blast, which killed 30 people, and wounded hundreds more. Foreign terrorists were suspected, but the exact target was never identified."

Weiss reports, "It has tremendous windows that we're sure Apple CEO Steve Jobs will enjoy illuminating with neon Apple logos."

Full article here.

[Thanks to MacDailyNews Reader "Citymark" for the heads up.]

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May 14, 08 - 08:55 am Comment from: G Spank

Is this symbolic of Apple's focus on the business market?

May 14, 08 - 09:10 am Comment from: Swing Geezer

No. This is symbolic of Apples focus on the "elite" market.

This is a good thing. Would you rather the brand was associated with the home-less market. Like Dell?

May 14, 08 - 09:18 am Comment from: ?what?

lmao @ Geezer!

MW: "social" as in "Welcome to the Social!"

May 14, 08 - 09:29 am Comment from: qka

Even if Apple never sells a single unit from that store (not that that will happen), the mere presence of their logo on Wall St. will have an effect on the thinking of corporate America.

When a CEO asks their CIO/CTO "What about Apple?", you know the underlings will jump to it.

Maybe they need the whole building for a corporate re-education center.

May 14, 08 - 09:35 am Comment from: frisby

Neon Apple Signs?

Neon is tacky...glowing white is classy.

Droog.

May 14, 08 - 09:41 am Comment from: R_LA

What a waste of money. Apple has two large stores in NYC already so what's the point of this location? Apple is far more wreckless and irresponsible when they're doing well financially. They're getting to comfortable and lazy.

Let's see if the past repeats it self.

May 14, 08 - 09:45 am Comment from: Super Furry Animal

""Sources tell us that Apple is seriously negotiating . . ."

Because in the past, Apple lawyers wore clown noses, made duck noises and farted constantly during negotiations. Lesson learned.

May 14, 08 - 09:47 am Comment from: dan

reckless or wreckless? I'd rather be wreckless.

May 14, 08 - 09:47 am Comment from: Super Furry Animal

"They're getting to comfortable and lazy."

I've been to comfortable. It's quite plush.
I might get around to visiting lazy one day.

May 14, 08 - 09:49 am Comment from: david

you clearly don't live in nyc r_la. they actually have three huge stores. The last time I tried to see someone about my powercord being broken there was a week wait!!!! Now this and one on he upper west side seem to be in the works which would make us have five stores in nyc.

May 14, 08 - 09:53 am Comment from: Spark

@R_LA
From all reports Apple is doing very with its investments in Stores. Apple is an icon and is tying many of its stores to iconic locations. Wall Street is America's icon representing business. Anyone hearing a reference to "Apple's Wall Street Store" will know EXACTLY where it is.

May 14, 08 - 09:54 am Comment from: Olternaut

This is cool. Its like around the block from my job. Ultra convenient for moi. smile

May 14, 08 - 10:00 am Comment from: Mac User

@R_LA: You know that form you fill out when you register a Mac? Apple uses that information to determine where their customers are. They also collect a great deal of data on the traffic in their stores and on things like wait times, and they use that information to determine where to open new stores.

Apple's retail division is not staffed by stupid people. If they're going to the trouble of building such a large store in a city that already has Apple stores, it's because they are going to get a benefit from it -- in this case, probably a good deal of visibility (it's on Wall Street) and more convenient access from Brooklyn.

May 14, 08 - 10:06 am Comment from: G Spank

RLA is a troll...

May 14, 08 - 10:07 am Comment from: Raymond in DC

david writes, "Now this and one on he upper west side seem to be in the works which would make us have five stores in nyc."

Remind me again how many stores Dell and Microsoft have in New York City... Then again, what do they sell that's worthwhile? Me, I'm still waiting for Apple to open a store in downtown Washington.

May 14, 08 - 10:19 am Comment from: LiM

And now, stand by for the real news....



Ehem...

May 14, 08 - 10:57 am Comment from: Long duc Dong

So that's what Apple saving up their billions for.

May 14, 08 - 11:02 am Comment from: BeyondtheTech

Cool, I work at 14 Wall and this will be a great place to stop over anytime.

May 14, 08 - 11:10 am Comment from: schmenkee

store pic

http://en.wikipedia.org/wiki/Image:23_Wall_Street_New_York.jpg

May 14, 08 - 11:13 am Comment from: little tiny nitch guy

Pictures, please?

May 14, 08 - 11:15 am Comment from: little tiny nitch guy

Schmenkee, amazing, you answered my question before I asked it!

May 14, 08 - 11:24 am Comment from: Steve516

Apple currently has three stores in NYC, and they are building one in Brooklyn right now. This 23 Wall Street rumor would be a fifth store.

Neon? I don't think so. Glowing white or perhaps a polished aluminum logo with LED's facing it's center from the perimeter... Neon is far too cheesy for Apple.

I think it would be a wise move, as a precursor to expanded enterprise strategy. Especially when you consider the iPhone 2.0 will be far more enterprise friendly. Then perhaps a new Mac model or two designed for business use... The next few years will certainly be interesting.

May 14, 08 - 11:46 am Comment from: Feeling Noble

"Neon? I don't think so."

Don't blame the gas. Just because pawn shops and bail bonds outfits have come close to ruining the concept.

Neon art can be quite cool:
http://horschamp.blogspot.com/2006/02/neon-art-los-angeles.html

May 14, 08 - 01:02 pm Comment from: Gandalf

There's a wonderful subtext to this. Sorry too complex to fully explain.

Look at the architecture, it really represents J P Morgan.

Who was J P Morgan?

Shame Apple doesn't use the multicolored logo anymore, it would look just wicked over that doorway.

May 14, 08 - 01:32 pm Comment from: Predrag

All you need to do is try and imagine the number of iPhones and Mac Book Airs they'll sell out of this location. This area probably has the highest concentration of people with annual income over $800,000 per square mile in the entire US, and that includes Beverly Hills (there, it's spread out, while in NYC, it's stacked up high). These people congregate to this area daily and they also fan out daily for their lunch breaks. NY Stock Exchange is across the street from this place. Every major Wall Street player is no more than 4 minutes' walk from there. If they pull this off, it will be the biggest money making retail location in Apple's stable.

Now, if they could figure out a location on the Upper West Side, to capture all those NY-based Hollywood faces, as well as Columbia and Lincoln Centre people, that would really boost the meager NYC offerings. Three stores for a city this big aren't nearly enough.

May 14, 08 - 02:35 pm Comment from: KingMel

They could call the store AWall (AWOL), short for Apple Wall Street.

May 14, 08 - 04:23 pm Comment from: The Muffin Man

The stores in New York don't only serve the population there (over 8 million) but a huge number of foreign tourists who can almost cover the costs of their trip when they buy their Macs and iPods in the U.S.

Remember, all Apple products cost about 50% more in Europe.

May 14, 08 - 04:26 pm Comment from: The Muffin Man

..... and the $ is cheap.

May 14, 08 - 04:46 pm Comment from: rasterbator

If they do purchase the building and install an Apple Store, they should have LeBron James – 23 – at the Grand Opening, and doing a few Apple ads.

May 14, 08 - 06:52 pm Comment from: Olmecmystic

A legendary, iconic space for a legendary, iconic brand/company and a world-famous address.

Go for it!

Peace.
Olmecmystic wink

May 14, 08 - 08:04 pm Comment from: R_LA

"R_LA is a troll" No, what I'd like to do to the lot of you is Rick Roll you!

I've been a Mac user on and off for little over ten years. I'm a native New Yorker. I've also lived in NY for most of my life and have been in LA for 3yrs. So shut your little yuppie mouths. Couldn't stand wana-be NY yuppies then, can't stand you now.

The majority of the people that work at the Apple stores haven't a fucking clue what the HeLL they're talking about. And if you talked to them for about 3 min you know that also.

This show of extravagance is unnecessary and what Apple should do is save it's billions instead of waste it on another glass and steel structure. Steve continues making the same fucking mistakes over and over. This jag-off never learns.

I'm done with the cool-aid. Continue to buy their hardware but not believe in teh Steve like I did.

Look-it, I'm thinking differently.

MDN word of the day: twenty "I lost preciouses time in my twenties listening to teh Steve"

May 14, 08 - 09:41 pm Comment from: X

"Steve continues making the same fucking mistakes over and over. This jag-off never learns."

Yeah Steve Jobs just doesn't have the skills. R_LA on the other hand has passed Steve in every aspect in life


smile

May 14, 08 - 09:50 pm Comment from: learn English

R_LA is drinking more then "cool-aid"

Kool-Aid for people with any amount of brain function.

"preciouses"..??

OK, I guess you are a true New Yorker. Any chance you folks in NY will ever get a working education system?

May 14, 08 - 09:59 pm Comment from: @ learn English

Why the comments on R-LA's spelling and not his grammar? His sentence structure is far worse then his spelling.

May 14, 08 - 10:15 pm Comment from: @ @ learn English

Seriously? start correcting RLA's grammar? Who has THAT MUCH time?

There might be a limit to how long a post can be left here. grin

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