Dive Summary:
- H & M has announced its plan to open a new 63,000 sq. ft. retail location at Herald Square in New York City. The new flagship store will be the largest H & M retail outlet.
- The new store is set to open during the fall of 2014. H & M is also set to open a new location by the end of this year in Times Square.
- “H&M’s newest and greatest commitment to Herald Square is the next level in this retail submarket becoming one of the premier shopping destinations in New York City,” said real estate broker Susan Kurland.
From the article:
Herald Center is a 250,000-sq.-ft. retail and office building located on the corner of 34th Street and Broadway. It is due to begin a major renovation and repositioning, with an expected completion date of late next summer.
