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Macy’s in Early Talks to Put Office Tower Atop NYC Flagship

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

Macy’s Inc. has held preliminary discussions with New York City officials about building a skyscraper on top of its flagship store in Manhattan’s Herald Square as the old-guard retailer seeks to unlock value from its real estate. The company has floated plans for a 1.2 million-square-foot (111,500-square-meter) office tower that would be used by other…

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