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

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.