Latest move for department stores? Harlem

Lord & Taylor, other big name retailers looking for space in Northern Manhattan, Brooklyn

TRD New York /
Oct.October 22, 2014 10:50 AM

Department stores seem to be making a comeback. And rather than famous corridors such as Lexington and Fifth avenues, retailers are looking to set up shop in Brooklyn and Harlem.

Hudson’s Bay has reportedly finalized the deal for its New York City headquarters and Saks Fifth Ave. store at Brookfield Place, as well as a Off 5th at One Liberty Plaza. Now, the company is focusing its attention uptown. Hudson’s Bay is looking to open a Lord & Taylor, or an outlet concept store, there.

Macy’s is also looking to open an uptown outpost, according to the New York Post.

Besides Harlem, Brooklyn is also getting love from department stores. Nordstrom Rack has opened there, Saks is moving to the borough and Century 21 will settle at CityPoint. Forever21 and Uniqlo are also looking to open in Brooklyn after H&M successfully paved the way for the retailer.

Neiman Marcus’ Last Call Studio will open a 48,000-square-foot outpost at Brooklyn Heights Plaza in November. [NYP, 3rd] — Claire Moses


Related Articles

arrow_forward_ios
Simon Property Group's David Simon (Getty, iStock)

Simon’s rent collection inches up in Q2 while profits plummet

Simon’s rent collection inches up in Q2 while profits plummet
Authentic Brands Group CEO Jamie Salter with Brooks Brothers, J.C. Penney, and Aeropostale stores (Getty)

Mall owners team up with “dead-celebrity dealmaker” but can they rescue moribund retailers?

Mall owners team up with “dead-celebrity dealmaker” but can they rescue moribund retailers?
J. Crew had plans to shut down its stores, but then its landlords stepped in in $130 million of relief. (iStock; J. Crew by Gary Hershorn/Getty Images)

J. Crew said it was bankrupt. Then its landlords forked over $130M

J. Crew said it was bankrupt. Then its landlords forked over $130M
Crown Building at Fifth Avenue and 57th Street and Jeff Sutton of Wharton Properties (Building via Google Maps)

Jeff Sutton quietly sold most of Crown Building stake to Brookfield

Jeff Sutton quietly sold most of Crown Building stake to Brookfield
Simon Property Group CEO David Simon and Amazon CEO Jeff Bezos (Simon by Mireya Acierto/Getty Images; Bezos by MARK RALSTON/AFP via Getty Images)

The last mile: Amazon in talks with Simon to convert bankrupt megastores into fulfillment centers

The last mile: Amazon in talks with Simon to convert bankrupt megastores into fulfillment centers
(Google Maps)

National retail chains paid 80% of July rent, a Covid high

National retail chains paid 80% of July rent, a Covid high
Retailers are rejecting leases amid bankruptcy filings, putting a strain on landlords. (iStock; Pixabay)

Retailers rejecting leases amid bankruptcy could bring “tsunami” for landlords

Retailers rejecting leases amid bankruptcy could bring “tsunami” for landlords
Secretary of Labor Eugene Scalia (Scalia by Samuel Corum/Getty Images; Noam Galai/Getty Images; Mike Pont/Getty Images)

Hospitality, retail led job gains in July

Hospitality, retail led job gains in July
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...