Apple’s smallest retail store in SanFrancisco is getting ready to expand to three times its size. The move is all a part of the company’s $1 billion retail expansion plans for 2013.
The Stonestown Galleria site, located near SF State University in the City’s southwest corner, is currently just 3,160 square feet, with less than half of that open to the public as retail space, according to a report by IFOAppleStore.
Apple has found a location in the mall that will allow for a 10,641 square foot replacement. The new space was formerly occupied by three different retailers, and is now covered in plywood as construction kicks off.
The new retail space is expected to open for the holiday season, and will replace the current small box store with an expansive storefront using curved glass.
The project is among 20 projects Apple plans to finish within 2013, along with 30-35 new stores it plans to open this year, about three-quarters of which will be located outside the U.S.
Apple retail stores bring in an average of $51.5 million in revenue, which means the addition of 30 new stores could possibly increase revenues for the company by over $1.5 billion.