Nov. 15, 2011
Macy’s Inc. plans to spend $400 million over the next four years to add 100,000 sq. ft. to its already 1-million-sq.-ft.-plus store at Herald Square in New York City, as well as renovating the space and expanding certain departments. The project will include a 100,000-sq.-ft. expansion of the store’s sales space to 1.2 million sq. ft.; a new hall for luxury brands, with multiple level shops in the Broadway Building; the creation of a 39,000-sq.-ft. women’s shoes department including a coffee/wine/chocolate bar; the restoration of the first floor “great hall” with new presentations for cosmetics, fragrances and fine jewelry; the integration of casual dining into the Lower Level; new interactive technology distributed throughout the store and a restoration of the store’s exterior, among other things. Work on the project will begin in early spring of 2012, with completion scheduled for the fall of 2015. The store will remain open throughout the process.