Fresh off selling about a trillion new iPhones this week, Apple has sold its downtown San Francisco property for $3,000/sq. ft., A.K.A. the highest price ever for a Union Square property (no word on whether investors had to line up in front of the store the night before it went on sale). The sale price is over $650/ft. more than the previous record, a nearly 30 percent increase. Apple no longer needs the building, located at 1 Stockton Street, as they will be moving to the former Levi's location around the corner at 300 Post Street. Plans have been submitted to the Planning Department to construct a brand new store that will be nearly 50 percent larger than the current one, although they have yet to be approved.
·Sale of San Francisco Apple store smashes records [San Francisco Business Times]
· Apple Store Moving, Expanding in Union Square [Curbed SF]