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MIAMI-Macy’s Inc. wants assurances from the city that it can generate nearly $20 million in added sales from its urban Flagler Street location. The additional sales are necessary for the Cincinnati-based department store chain to justify investing in a major store renovation, which could cost at least $20 million and involve consolidating in one building.

“The only way we would do it is if we see the ability to pick up at least $15 million in sales,” David Scheiner, president of Macy’s Florida, said during a Greater Miami Chamber of Commerce committee meeting Wednesday. “That isn’t going to be done by people coming nine to five. It isn’t going to be done without a whole downtown revitalization.”

Chamber leaders are trying to convince Scheiner and other Macy’s officials that thousands more residents are shopping in Downtown Miami despite the slowdown in condominium sales. To read more from the Miami Herald, click here.

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