Page 4 - சீருடை நில பயன்பாடு விமர்சனம் ப்ரொஸீஜர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Macy s doubles down on plans to build an office tower in Herald Square with proposed $235 million investment
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Macy s Floats $235 Million Investment to Sweeten NYC Tower Plan
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.
May 11, 2021
Macy s plans include improvements in the neighborhood near the store. Photo credit: FXCollaborative
SPONSOR
Macy’s, Inc. today announced its vision for renewing its commitment to its flagship Herald Square store, including $235 million of private investment in the surrounding neighborhood. Macy’s plan would upgrade Herald Square’s transit infrastructure and public realm into a modern, pedestrian-friendly urban space with upgraded subway access, improved transit connections and ADA-accessible elevators. To achieve these upgrades, Macy’s will leverage its underlying Herald Square real estate to build a commercial office tower above its iconic flagship store.
Macy’s is excited about the opportunity to work with the community to improve the neighborhood and generate additional economic activity in the city. The renewal plan is expected to generate $269 million annually in new tax revenues for New York City, support 16,290 annual jobs and spark $4.29 billion in
Tue May 11, 2021 - Northeast Edition
CEG
Rendering of the proposed skyscraper on top of Macy s. (FXCollaborative rendering)
Macy s revealed new renderings on May 10 that illustrate its plans to build a new office tower over its midtown Manhattan, N.Y., flagship location in Herald Square.
Two years after its initial announcement to build the skyscraper atop its landmark department store, the retailer also said that it will invest $235 million in the surrounding neighborhood including new subway entrances and more pedestrian space.
The New York Post reported the multi-million plans could help get the skyscraper plans approved by easing the project s way through the Uniform Land Use Review Procedure, the city s often contentious approval process. The tower needs City Hall s green light for a zoning change for its size and height 1 .5 million square feet of office space and between 750 and 900 feet tall, according to plans shown earlier.
Macy s Will Spend $235 Million To Improve Herald Square, And Bring New Skyscraper To Area
arrow Rendering of the proposed skyscraper on top of Macy s FXCollaborative
Two years after announcing plans to build a skyscraper atop its landmark flagship location in Herald Square, Macy s on Monday shared new renderings of their plans. The retailer also revealed that it will invest $235 million in the surrounding neighborhood including new subway entrances and more pedestrian space.
“Macy’s Herald Square is one of New York City’s most iconic institutions, and, as we plan for the future, we are doubling down on our commitment to New York by reinvesting in our flagship location while committing $235 million in private investment to upgrade the Herald Square neighborhood through our tower project,” said Jeff Gennette, CEO of Macy’s, in a statement. “We are proud to make this leadership investment in New York’s recovery and are excited to welcome visito
vimarsana © 2020. All Rights Reserved.