High-end department store Neiman Marcus is close to locking down space at Hudson Yards for its new flagship store.
Under the deal, the tenant would take a multilevel space with nearly 200,000 square feet at the 1 million-square-foot retail complex on the megadevelopment site. The building is expected to open in four years.
The lease would allow for a built-out space to be leased at a long-term rate in the mid-$30s per square foot. Time Warner and Coach have also grabbed large chunks of space at Hudson Yards, as previously reported.
This would be Neiman Marcus’ debut outpost in the city, although the Dallas-based chain owns the Bergdorf Goodman store at 754 Fifth Avenue.
“They never wanted to come and have their own stores compete with Bergdorf’s,” Faith Hope Consolo, chair of retail leasing and sales at Douglas Elliman, told the New York Post. [NYP] — Mark Maurer