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Neiman Marcus to Anchor Hudson Yards Development in New York
Hudson Yards, the mixed-use $20 billion development on the west side of New York’s Manhattan borough, will have a high-profile anchor when Neiman Marcus opens its first New York store in the center in 2018.
The 250,000-square-foot multi-level store will anchor the 1-million-square-foot Shops at Hudson Yards and will carry a mix of luxury and fashion brands.
The Dallas-based luxury department store is also opening a Neiman Marcus store on Long Island in 2016 and its outlet store, Last Call Studio, later this year in Brooklyn. The company is also currently renovating its luxury department store Bergdorf Goodman, located on Manhattan’s Fifth Avenue.
Hudson Yards is a joint venture redevelopment project by the New York City Department of City Planning and Metropolitan Transportation Authority. Located on the far west side of midtown, the 28-acre project will connect with the planned extension of The High Line elevated park on its south end at West 28th Street and with the Jacob K. Javits Convention Center on its north end at West 43rd Street. The area, overlooking the Hudson River, will extend to Seventh and Eighth avenues. An extension of the New York City subway will stop at Hudson Yards beginning in early 2015.
Developed by Related Companies and Oxford Properties Group, Hudson Yards will have more than 17 million square feet of commercial and residential space, 14 acres of public open space, a 750-seat public school, and a 175-room luxury hotel, according to a release issued by Related Co. and Neiman Marcus.
“Neiman Marcus Group is delighted to announce that Manhattan will have its first Neiman Marcus. Hudson Yards presents the ideal location for a Neiman Marcus store. The project is a bold and innovative retail idea and one that complements how we view our Neiman Marcus brand,” said Karen Katz, president and chief executive officer of Neiman Marcus Group, in a company statement. “Neiman Marcus Group is well-known to New York and New Yorkers through our landmark Bergdorf Goodman store—a beloved and revered New York institution at the corner of Fifth and 58th, and we are excited to establish a flagship NM store in one of the world’s premier shopping destinations. We look forward to serving New Yorkers and visitors to New York with legendary Neiman Marcus style.”
A five-year renovation of Bergdorf Goodman is scheduled to be complete in 2020. Plans call for additional space for designer and luxury women’s sportswear and “labs” to highlight the work of new and emerging designers.
