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Macy s announces plan to improve flagship store and Herald Square neighborhood Replay Video UP NEXT Macy s announced it is investing nearly a quarter of a billion dollars into its flagship Herald Square location and the surrounding neighborhood. Officials announced Tuesday the vision to improve the accessibility to the Herald Square station and upgrade the surrounding neighborhood. Macy s $235 million plan would upgrade Herald Square s transit infrastructure and public realm into a modern, pedestrian-friendly urban space with upgraded subway access, improved transit connections and ADA-accessible elevators. To achieve these upgrades, Macy s will leverage its underlying Herald Square real estate to build a commercial office tower above its iconic flagship store. ....