Say hello to The Wheeler: Today, Tishman Speyer revealed the plans for its forthcoming renovation of the Macy’s department store on Fulton Street in Downtown Brooklyn, and as expected, it’ll transform the space above the shop into a 620,000-square-foot “creative office hub,” which seem to be all the rage for developers these days.
A bit of backstory: In 2015, Tishman Speyer struck a $270 million deal with Macy’s to redevelop the company’s distressed Downtown Brooklyn store, with a glassy new addition to the historic structure as part of the plan. Several renderings of the new space were revealed about a year ago, but Tishman and Macy’s have remained quiet on plans since then, even as work on the historic structures has progressed.