By  on July 16, 2014

Macy’s has put the renovation of its Brooklyn flagship on hold and is considering a sale of the property to redevelop the site, according to sources.

The site, at 422 Fulton Street, has emerged as prime real estate due to the influx of new retail and residential units to the area, whipped up property values and thoughts that Brooklyn is undergoing a renaissance across several nearby communities.

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