Macy’s seeks approval for office tower above Herald Square flagship
Macy’s is pushing ahead with its plan to build an office tower above its iconic Herald Square store, and is now offering to put $235 million into improving the surrounding area as it seeks approval.

The company first floated the idea in 2019 of building an office tower at the flagship, releasing early renderings that showed a 1.5 million-square-foot skyscraper climbing 700 to 950 feet tall with a sky lobby.

Macy’s CEO Jeff Gennette said the company is ready to move forward with its proposal, which requires a land-use review by the city, Bloomberg News reported...

RSK: Someone is betting on workers coming back to downtown....which they eventually will.

- - Volume: 9 - WEEK: 21 Date: 5/18/2021 7:09:51 AM -