In this Dec. 10, 2018 photo, a woman walks through the Macy’s parking lot in Midtown, New York.
New York City’s largest department store chain is getting rid of its main entrance at its flagship store in Midland Park.
It has replaced the entrance with a two-story glass tower that is set to open next year.
The department store is replacing the main entrance with the glass tower at the Macy World Tower.
(AP Photo/Mel Evans)The department store will replace the main entrances at Macy’s World Tower with a glass tower.
(New York City Department of Transportation/AP Photo)New York, NY – MARCH 15: People sit on a folding chair inside Macy’s at New York’s Macy’s in Midlands Park, New Jersey on March 15, 2020.
(Photo by Mel Evans/Getty Images)LOOK: Macy’s on a recent day at Macy Street in Midlanders Park in Mid-town Manhattan.
(credit: M. Scott Mahaskey/Getty)NEW YORK, NY (CBSNewYork) — A new department store in New York city is making its entrance at the same mall where Macy’s used to be, but with no elevator and no seating.
Macy’s is moving its main entrances to the World Tower in Mid Manhattan, a move that could save $3.5 million per year in maintenance costs and make the mall more attractive to tenants, the Wall Street Journal reports.
Macy has replaced its main entry at Macy World Towers, which were designed by architect Michael Graves, with the new glass tower, which is set for opening in 2020.
Macy will have an elevator that goes to a higher floor.
Macy World and Macy’s Tower, in the city’s East Village, were both designed by Graves.
The department stores that replaced Macy’s main entrances with the tower have already earned millions of dollars in annual savings, said Paul Janssens, chief executive of the Manhattan Institute, a non-profit think tank.
“It was a very costly thing to do.
Macy was losing $4.5 billion a year in revenue.”
The new Macy World is being built as part of a $300 million renovation of Macy’s flagship store that began in March 2019.
Macy also is renovating the flagship store’s entrance, the company said in a statement.
Macy Tower, which will open in 2021, will have a glass entrance, and the mall will be more than 100 percent vacant, Janssen said.
Macy is one of the largest department stores in the world and one of only three department stores to be owned by the same family, which includes department store operator Macy’s and Sears.