The retail store will be developed by architecture firm Foster and Partners, who have partnered with Apple for several of its flagship retail stores around the world and its upcoming Campus 2 headquarters in Cupertino, California.
The location is expected to be "one of the most innovative and technological Apple Stores in the world," and it will include an above-ground amphitheater where Apple plans to host at least eight public events of cultural significance per year.
The amphitheater will "represent the heart of the square," with steps leading to an intermediate level between the square and the underlying store. An elevator will be included at the plaza level to ensure the store is fully accessible.
A large glass screen made from a waterfall will mark the entrance to the store, which will take over the space currently occupied by Apollo Spazio Cinema. No timeline was outlined for completion of the project.
In related news, Apple today announced it will open its next store in Kunming, China on January 21 at 10:00 a.m. local time.
(Thanks, setteBIT and Storeteller!)