Tall & Urban News

The proposed scope of work for a 274-meter-tall (900-foot-tall) tower on top of Macy’s Herald Square flagship store in New York City has been expanded to include a US$235 million investment in the surrounding neighborhood.

The investment will fund upgrades to the subway beneath Herald Square including upgraded access points, improved ADA-accessible elevators, and modernization of the existing outdoor public plaza. According to the retailer, the project is expected to generate US$269 million annually in new tax revenues for New York City and spark US$4.2 billion in annual economic output.

The proposed skyscraper addition, announced in February 2020, includes plans for a 139,355-square-meter (1.5-million-square-foot) structure, primarily comprising office space, and a publicly accessible “Sky Lobby” with views of the surrounding neighborhood.

Before the project can break ground, the team will need to be granted several zoning text amendments and eventually complete the city’s Uniform Land Use Review Procedure process. 

For more on this story, go to New York YIMBY.