Macy’s Inc. is pursuing plans to build an office tower over its block-long flagship store in Herald Square, Midtown. Proposals include upward of one million square feet of office space, a sky lobby with views of the city, and public improvements to the surrounding open spaces and subway stations. Today, YIMBY has the reveal for the tower, which was posted by forum users after being spotted within a Macy’s release this week, which showcase the skyscraper as it would stand atop the iconic Midtown retailer.
Located at 181 Livingston Street in Downtown Brooklyn, progress continues for The Wheeler. The entire project will merge a 19th century and an Art Deco building with a new 14-story glass tower, designed by Perkins Eastman and Shimoda Design Group. The new wing will rise 256 feet tall, and yield 843,830 square feet of new commercial space, while the original Macy’s will occupy the lower four floors. Offices will take up the remaining 90,000 square feet, featuring 16-foot tall ceiling heights. Tishman Speyer is the developer.
Downtown Brooklyn has seen an incredible number of new residential buildings rise up in recent years, redefining the neighborhood and boosting its overall visibility relative to the rest of the Borough. Today, we have a look at a new kind of development for the area, featuring a fusion of design that will bring much-needed modern office space to the booming district.
Downtown Brooklyn’s Macy’s parking garage redevelopment is finally moving forward, and applications filed with the Department of Buildings show that the new tower will rise 664 feet and 51 floors to its rooftop. The existing structure will be reduced down to one floor, then rebuilt into the tower. There will be a 150-car garage in the cellar, 99,652 square feet of retail between the cellar and first floors, and then 586,141 square feet of residential space up above, to be divided amongst 476 condominiums. Tishman Speyer is developing, and Hill West Architects are behind the plans, which were first spotted by Brownstoner.
In August of 2015, news broke that Tishman Speyer was acquiring five stories of Macy’s nine-story commercial building at 422 Fulton Street, along with the parking garage at 11 Hoyt Street/217 Livingston Street, in Downtown Brooklyn, for $170 million. Macy’s is expected to consolidate their retail space into 278,000 square feet on the lower half of the building (basement through fourth floors). Speyer would then expand and convert the upper portion into 10 stories of office space. The Wall Street Journal now has the first glimpse of the renovations, which Speyer has agreed to fund (as part of the deal), that will go into Macy’s portion of the building. Macy’s and FRCH Design Worldwide are designing their space. Work is expected to begin imminently, and the renovation is expected to be complete in 2019. It was recently reported that Speyer would be utilizing the EB-5 program to raise roughly $60 million in financing.