Macy’s plans to “unlock additional real estate value” at its flagship store just got a bit more likely. The retailer has held preliminary talks with New York City officials about building a 1.2 million-square-foot office tower at 151 West 34th Street in Herald Square, according to a Bloomberg terminal report. The company’s stock, which has fallen nearly 17 percent over the past year, rose by 2 percent when the news broke, CNBC reported. The company […]
source https://therealdeal.com/2019/04/24/macys-in-talks-to-build-1-2m-sf-office-tower-atop-herald-square-flagship/
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