Million Dollar Corner

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Coordinates: 40°45′0.55″N 73°59′17.3″W / 40.7501528°N 73.988139°W / 40.7501528; -73.988139

The building in 2010

The Million Dollar Corner is a small plot of property adjacent to Macy's Herald Square at 1313 Broadway, at the corner with 34th Street, in Herald Square Manhattan, New York City. The building sold for a then-record million dollars on December 6, 1911.[1]

The five-story building on that corner had been purchased by Robert H. Smith in 1900 for $375,000, equivalent to $11.3 million in 2019. The idea had been to obstruct Macy's from becoming the largest store in the world. It is largely supposed that Smith, who was a neighbor of the Macy's store on 14th Street, was acting on behalf of Siegel-Cooper, which had built what they thought was the world's largest store on Sixth Avenue in 1896. Macy's ignored the tactic and built around the building, which now carries Macy's "shopping bag" sign (proclaiming Macy's the "world's largest store") by lease arrangement.[2]

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Notes

  1. ^ "THE REAL ESTATE FIELD; $1,000,000 Paid for Small Broadway and 34th Street Corner". The New York Times. December 7, 1911. ISSN 0362-4331. OCLC 1645522. Retrieved April 28, 2012.
  2. ^ White, Norval & Willensky, Elliot (2000), AIA Guide to New York City (4th ed.), New York: Three Rivers Press, pp. 225–226, ISBN 978-0-8129-3107-5

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