Last Updated ( Tuesday, 10 April 2012 15:24 )
DATE_FORMAT_LC2=Monday,April 09 2012 12:00:00 am EDT   
Apple Store Nearing Completion of $20 Million Renovation

apple on princeNew York City — The iconic SoHo Apple store, located at 103 Prince Street (pictured here) and owned by Imperium Capital and Centurion Realty, is nearing completion of a $20 million renovation.

The 30,000-square-foot building, located in the SoHo Historic District, was originally renovated in 2001 to utilize only about half of the maximum floor space available. Apple took over the ground floor space at the rear of the property that was previously operated by the U.S. Postal Service, but was emptied in 2009. In 2011, the building was acquired by Imperium Capital. Once the renovation is complete, the SoHo Apple store retail space will increase by approximately 5,000 square feet.

“After Apple completes this renovation, we believe it will be the company’s most attractive Manhattan consumer location,” says Daniel Glaser, co-founder and managing partner of Imperium Capital.

The SoHo Apple store will reopen in July 2012 and is temporarily located at 72 Greene Street.

Imperium Capital is a New York City-based real estate investment and development firm founded in 2010. The firm specializes in the acquisition of commercial, retail, and multifamily properties in New York City and major markets across the U.S.


SOURCE: Imperium Capital

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