NYPost reports that despite Apple having leased a spot diagonally across from the Empire State Building on 34th street in New York City, they have decided against building an Apple Store at that location.
Small buildings on the site were demolished. Merchants on West 34th Street - where stores like Banana Republic and Victoria's Secret have been replacing schlocky discounters - looked forward to another spectacular Apple emporium like the one on Fifth Avenue.
According to the Post, Steve Jobs determined "this is not for Apple" after seeing the location and run-down building across the street.
Apple reportedly pays $5,906,692 in annualized rent and is putting the site up for sublease.