Tishman Speyer Bets on Brooklyn Offices at Macy’s Site
Bloomberg BusinessAugust 12, 2015
A plan by Tishman Speyer to build 10 stories of offices above a Macy’s Inc. store in downtown Brooklyn will bring needed work space to an area of New York where demand is growing.
The project is the first in Brooklyn for Tishman Speyer, a developer and investor that controls Manhattan’s Rockefeller Center and Chrysler Building. The company agreed to buy a portion of the site at 422 Fulton St., where Macy’s has operated since 1865, according to a statement Wednesday. The store will remain at the base of the building and will be renovated.