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Macy’s to invest $400 million to renovate Herald Square flagship
New York City -- Macy’s announced it plans to spend about $400 million over the next four years to remodel and update its legendary store at Herald Square in Manhattan.
As part of the project, the store’s space will be expanded by 100,000-sq.-ft., giving it a total of 1.2 million sq. ft. of selling space. The additional space will result from opening up space currently used for stock and offices and extending the mezzanine level in the Broadway Building.
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Gap taps Schimenti Construction for Athleta NYC flagship
Ridgefield, Conn. -- Gap tapped Schimenti Construction to build the company’s flagship Athleta location in New York City.
The 3,922-sq.-ft. store, which features performance apparel and gear for the active woman, is in a landmark building on Columbus Avenue, in Manhattan. The space was completed in 13 weeks from start to opening.