Posted Nov 12, 2010, 2:48 AM
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Philly -> Osaka -> Tokyo
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Join Date: Apr 2008
Location: The biggest city on earth. Literally
Posts: 5,863
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Actually, according to the Macy's website, if you look hard enough, the Center City Macy's has about 318k sf of retail, which makes it the largest Macy's by sf area in the Mid-Atlantic (Philly, Baltimore, DC, eastern Virginia) region.
Still well under the 2,000,000+ sf retailing space the building traditionally held, though...Prior to the Federated-May merger, the space was a Lord & Taylor. Given several factors, including the history of the structure, I'm guessing that upper-level management has a long-term plan to expand and reclaim selling space in what is potentially the most regionally important space in the lower Northeast.
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