Million Dollar Corner, Real estate holdout at Herald Square, Manhattan, US
The small building at 1313 Broadway stands at the corner with 34th Street, next to the Macy's flagship department store in Herald Square.
In December 1911, Robert H Smith purchased this five-story building for one million dollars to prevent Macy's from expanding their store to the entire block.
The building represents the determination of individual property owners against corporate expansion in the rapidly developing Manhattan real estate landscape of the early 1900s.
The structure currently displays a large billboard through a leasing arrangement with Macy's, generating revenue from prime advertising space in Herald Square.
Despite Macy's successful construction around the holdout property, this corner remains a separate entity and continues to influence advertising rights in the area.
Location: Manhattan
GPS coordinates: 40.75010,-73.98810
Latest update: March 10, 2025 04:53
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