Could real estate development be any harder than retail these days? Macy’s is about to find out. Macy’s is planning to tack on 1.5 million square feet of office space to its famous Herald Square location in Midtown Manhattan. But the troubled retailer, which recently announced a restructuring plan, could be facing an uphill battle, Bloomberg reported. That’s because the proposed 800-foot-tall office tower would need a rezoning — a notoriously complex, often political process
source https://therealdeal.com/2020/02/14/macys-new-skyscraper-missing-one-key-thing/
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