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Real Estate Holdout
A holdout is a property that did not become part of a larger real estate development, usually because the owner refused to sell their property. There are many examples of holdouts worldwide. Examples Macy's headquarters at Macy's Herald Square in New York City, for example, does not cover the whole block because of a holdout named the Million Dollar Corner on the corner of Broadway and West 34th Street (in Herald Square). Now decorated as a Macy's shopping bag, the building received its name from the fact that it sold for a million dollars in 1911, an unprecedented sum at the time. One mile () north of Macy's Herald Square is 30 Rockefeller Center, which has slight setbacks at its corners of 49th and 50th Streets on Sixth Avenue due to two buildings at those corners. The owner of 1258 Sixth Avenue—John F. Maxwell, grandson of the original owner—outright refused to sell to John D. Rockefeller Jr. during the construction of Rockefeller Center. While Rockefeller was success ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macy's Herald Square LC-USZ62-123584
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. The first store was located in Manhattan on Sixth Avenue between 13th and 14th Streets, south of the present-day Macy's Herald Square, flagship store at Herald Square on 34th Street (Manhattan), West 34th Street that opened in 1902. It expanded beyond the New York metropolitan area by acquisitions and conversions of regional department stores, facilitated by the purchase of Macy's by Macy's, Inc., Federated Department Stores in 1994. It achieved a national footprint with Acquisition of The May Department Stores Company by Federated Department Stores, the acquisition of The May Department Stores Company by Federated in 2005, which resulted in the conversion of its department stores to Macy's in 2006 and the renaming of Federated to Macy's, Inc. in 2007. Macy's is also a sister brand to the Bloomingdale's luxury department store chain and Bluemercury beauty store chain. Macy's is the largest depar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
