The Real Deal New York

Nordstrom is on the hunt for a huge Downtown space: report

Source says retailer is having trouble finding 250k sf property

October 03, 2014 08:00AM

From left: Blake Nordstrom, 1 Wall Street and 23 Wall Street

From left: Blake Nordstrom, 1 Wall Street and 23 Wall Street

Following the news that Saks Fifth Avenue will anchor Brookfield Place’s Downtown shopping complex, Nordstrom may be the latest retailer looking south for new space in Manhattan.

The Seattle-based company is actively searching for a whopping 250,000 square feet for a Lower Manhattan location, sources told Women’s Wear Daily. The problem, according to Racked, is that such a space is not currently on the market in the target area.

“Nordstrom has been interested in Lower Manhattan for quite some time,” a source told WWD “The problem is finding the amount of square footage they need.”

According to WWD’s unnamed source, the retailer has considered 1 Wall Street, the Bank of New York Mellon headquarters recently purchased by a partnership led by Harry Macklowe. Nordstrom has also reportedly scouted the space at 78 Trinity Place, once home to the American Stock Exchange, and a long-vacant spot across the street at 23 Wall Street.

Also up for consideration is the Pier 17 mall, which is being developed by the Howard Hughes Corporation. [WWD] and [Racked]Tom DiChristopher

Correction: A previous version of this article misidentified the owner of 78 Trinity Place.

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