Nordstrom remains in talks for One57 retail

June 04, 2012 05:30PM

Nordstrom is said to be continuing to negotiate for the retail space below 90 floors of Gary Barnett-developed condominiums at his forthcoming One57 tower. The New York Observer said that although it’s difficult to nail down and confirm the rumors, the combination of Barnett not actively marketing the space and Nordstrom’s known discussions with the developer at another one of his properties on Fifth Avenue and 47th Street is fueling speculation within the industry of the negotiations at One57. Barnett, who heads Extell Development, declined to comment on the latest report.

The retail space at the property is believed to be about 90,000 square feet, but could be expanded depending on a tenant’s need. The high-end department store has been looking to open a New York City location for years but is said to be a stubborn shopper. Brokers polled by the Observer said Nordstrom was a coveted tenant, especially for this space, because building residents would walk directly pass the retailer to enter the building and the department store could lend more cache to the residential tower. [NYO]