search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and wonYellowstone drops approximately $200M on 1740 Broadway debtYellowstone drops approximately $200M on 1740 Broadway debtTop broker leaves Meridian amid agency probesTop broker leaves Meridian amid agency probes
New York

Architecture review: Bringing romance back to retail

Nordstrom’s planned flagship at Central Park Tower recalls the golden age of consumerism

Rendering of the Nordstrom flagship store and its main entrance on 57th Street. Inset: A view of the store from 58th Street.
Rendering of the Nordstrom flagship store and its main entrance on 57th Street. Inset: A view of the store from 58th Street.

From the July issue: These are not happy times for department stores. The rise of online merchants and discount chains, along with the shift in consumers’ buying habits, have cut into their sales and forced the closure of hundreds of branches. Over the past 12 months, Macy’s stock has plummeted by more than 52 percent.

Sign Up for the undefined Newsletter

Yet it is under this very dark cloud that the renowned luxury retailer Nordstrom recently unveiled its plans for the company’s first full-line store in New York: a 363,000-square-foot flagship spread over four properties on Broadway between West 57th Street and West 58th Street. If the store opens as scheduled, in 2019, it will do so six years after signing on the dotted line. [more]

Tags
Columbus CircleNordstrom