Macy’s announced today that it will invest $400 million in a four-year renovation of its Herald Square flagship store in Midtown Manhattan. Work is scheduled to begin in early spring 2012 and will continue in phases through the fall of 2015. The project is expected to create about 1,600 construction jobs and 800 permanent jobs.
The majority of each floor and department as well as the exterior of the building will be renovated as the store remains open to customers, Macy’s says. The renovation will include a 100,000-sq-ft expansion of selling space to a total of 1.2 million sq ft; restoration of the first floor with an all-new cosmetics display; restoration of the great hall’s ceiling; and an enhanced visitors center on a newly expanded mezzanine level.
Macy’s internal planning, design and construction team is leading the renovation, and STUDIO V Architecture, New York, is providing master planning support.