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Commercial Real Estate News for Thursday, Jan. 5

We’ve gathered up three commercial real estate articles for you today. Read below to discover more about the developers behind the Macy’s purchase, a $15 million mall renovation and Gov. Cuomo’s plans for Buffalo.

Buyer of Downtown Macy’s has an Eye for Iconic Buildings

The flagship Macy’s building in Minneapolis has been purchased by New York developer¬†601W Cos. While their plans for the building are still a mystery, they have a history with iconic commercial real estate.

North Alabama Shopping Center to Receive $15M Upgrade

Florence Square, a 226,886-square-foot shopping center in Florence, is set to receive nearly $15 million in upcoming renovations. One old building will be demolished, while two new ones are raised in its place. Tenants already include PetSmart and Academy Sports + Outdoors.

 Demolition Work First Visible Sign of Northland Progress

A Buffalo redevelopment initiative imagined up by Gov. Andrew Cuomo will show its first signs in the coming weeks. A long abandoned manufacturing plant will be torn down to make room for a training facility for those hoping into enter the tech sector.