Macy's Plans to Spend $235M to Build New Skyscraper, Improve Herald Square

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....

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