The world’s largest store is about to get a big larger. Macy’s flagship store at 151 West 34th Street is looking to change things up soon with plans to add a skyscraper above the retail store.
Macy’s Inc. has been a main attraction in Herald Square since it’s opening over a century ago, and an integral aspect of NYC’s commercial culture. Now, CEO Jeffrey Gennette is looking to “unlock additional real estate value” on the already massive building, according to a report released by Bloomberg.
The published report states that the company is looking to add 1.2 million-square-feet of office space by way of a skyscraper above the current iconic retail space (which is already 2.5 million-square-feet). Gennette told the publication this week that “[they] hope to walk out of 2019 with a plan that [they’re] then going to bid out,” but it will be some time before these early plans come to fruition.
A spokeswoman for Macy’s Inc. added that the team is “still early in this process and there are a number of hurdles [they] need to cross before [sharing] more concrete details.” Talks, however, have already begun with city officials. No dates nor timeline has been released thus far.
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Also published on Medium.