Could Macy’s sell off its Herald Square location?

In July, Macy’s announced it would dump its Downtown Pittsburgh store after 128 years at 400 Fifth Ave (the first 119 years as Pittsburgh’s iconic Kaufmann’s store).

It seems the department store could also be looking to dump its iconic Herald Square location.

All in an effort to raise cash for investors.

Would the store leave Herald Square altogether, allowing a developer to construct residential space and smaller retail space not far from Times Square?

Would Macy’s rent back some space?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s