Thursday, June 28, 2012

Nordstrom To Open First Full-Line Store In NYC



 NEW YORK, NY June 28, 2012 /PRNewswire/ -- Nordstrom, Inc. has finalized an agreement with Extell Development Company to build Nordstrom's first full-line store in New York City.

This new flagship store will open along Manhattan's bustling 57th Street corridor at 225 West 57th Street, between Broadway and Seventh Avenue, in the Columbus Circle area of Manhattan. The 285,000 square-foot store is expected to open in 2018.

The announcement of the Extell/Nordstrom deal was announced at a news conference at Nordstrom's treasure&bond Soho location at 350 West Broadway keynoted by Mayor  Michael R. Bloomberg (middle right photo).

"It makes perfect sense that Nordstrom - one of the premier names in retailing - would want a flagship store in New York, the world's premier city for retailing," said Mayor Michael R. Bloomberg.

 "This is very exciting news for New Yorkers and the millions of tourists who come to our city to shop each year, and this new addition to the West Side of Manhattan is another sign of the private sector's confidence in New York City."

(Nordstrom Chicago store lower left photo)

For Nordstrom, the agreement with Extell marks its full-line store entrance into the New York City marketplace.

  Its 7-story department store will comprise the base of a distinctive mixed-use, retail, hotel and high-rise residential tower still in the planning stages by Extell. Nordstrom views the development as a great opportunity to serve customers within the highly accessible, heavily trafficked and growing West Side retail scene.

The 40,000 square foot block-through site, which fronts on the northern side of 57th Street between Broadway and Seventh Avenue and extends to 58th Street, once housed the original Hard Rock Cafe.  The parcel was assembled by Extell President Gary Barnett over a period of nearly a decade. According to Mr. Barnett, excavation work on the site could begin as early as the first quarter of next year.

For a complete copy of the company's news release, please contact:

Media:

Nordstrom:     
Brooke White
(206) 303-3030,
 Nordstrom, Inc.

 Extell: 
George Arzt (212) 608-0333, chief@gacnyc.com
George Arzt Communications, Inc.

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