The site of the market is designed to be only a short stroll away from parking, the train station and ferry terminal to maximise the potential numbers coming from the ferry.
Assuming that project takes several years to deploy, the Terminal will need other companies lining up behind it to avoid a potential boom-bust scenario.
"We have received a proposal from Apple that has the potential to bring a great new shopping destination to iconic Grand Central Terminal and significantly increase revenues for the MTA's transportation system, " said Julie Glave, MTA spokeswoman.