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Dive Brief: Macy s may be rethinking its overall store strategy, but on Monday the company revealed plans regarding the renewal of its flagship location at Herald Square in New York City, according to a press release sent to Retail Dive. The project involves a $235 million private investment in the neighborhood surrounding the store, including Herald Square s infrastructure, with upgraded subway access and improved transit connections. The company will also build a commercial office tower above the store. Macy s forecast that the plan will generate $269 million in yearly city tax revenues, support 16,290 jobs and deliver over $4 billion in economic output annually. The Herald Square location will be open throughout the project s development. ....