The Historic Landmarks Commission has approved a renovation of the Meier & Frank Building, formerly home to the downtown branch of Macy’s. The renovation is being designed by Bora Architects, for project owners Sterling Bay and KBS Realty Advisors. The project will create up to five new ground floor retail spaces, and convert levels 2 to 5 of the building to creative office space. Portions of the existing basement will be re-purposed as bike parking and lockers, a gym, a conference room and a multi-use area. The top floors of the building, home to the Nines Hotel, are in separate ownership and are not part of the project.