Barclays to Revamp Trading Floors in Overhaul of New York HQ

Barclays Plc is preparing to spend at least $1 billion to renovate its skyscraper in New York’s Times Square, becoming the latest financial giant to invest in updating its office space in the city.

The company will begin construction on its tower at 745 Seventh Avenue in the middle of next year, according to a person familiar with the matter. The project, which is currently in the design phase, is expected to wrap up in 2030, the person said, asking not to be identified discussing non-public information.