AdvertisementGrand Buildings Help Keep Macy’s AfloatThe company’s real estate is now worth more than its market value. Image The flagship Macy's store, on New York’s Herald Square, in the early 1900s. The Macy’s flagship store on 34th Street is worth an estimated $3.3 billion alone. Image A floor of Macy's flagship store after a redesign by Charles Sparks & Company several years ago. Perhaps the most vivid marker of that change is the conversion of much of the Macy’s store in downtown Seattle into offices.

Source: New York Times November 22, 2017 23:30 UTC