Nordstrom unveils massive New York flagship

Nordstrom (NYSE:JWN) has unveiled the design for its first Manhattan location, and the plan includes four properties to house a variety of merchandise categories and fashion labels.

All four properties will be in the Columbus Circle neighborhood along Broadway between West 57th and West 58th Streets, and total roughly 363,000 sq. ft. The largest component is a seven-level tower totaling 292,000 sq. ft. There's an 8,000-sq.-ft. building at 5 Columbus Circle, another at 1776 Broadway, where Nordstrom will occupy four floors of retail space totaling 20,00 sq. ft.; and a 43,000-sq.-ft. space at 3 Columbus Circle on three levels. 

Nordstrom Manhattan Flagship Store - West 57th Street - Glass Waveforms Facade at Night (PRNewsFoto/Nordstrom, Inc.)

All the locations will be connected and accessible to shoppers through the interior.

"We're building in the context of the world's greatest stores in the best retail city in the world and our ambition is to create an entire experience that reflects the best of what we have to offer," said Pete Nordstrom, co-president. "We think the modern exterior glass design combined with the historical renovations honor both the past and future of Manhattan. We look forward to the day when we can open our doors and welcome customers."

There are also plans for a fifth location nearby, likely to serve as a stand-alone men's store.

One reason for the massive footprint is Nordstrom's need to create a sizable presence in the market to lure brands otherwise carried by nearby luxury retailers Barney's and Bergdorf Goodman, according to Women's Wear Daily.

This will be Nordstrom's second largest store, after the Seattle flagship. Nordstrom New York is expected to open sometime in 2019.

For more:
-See this Nordstrom announcement
-See the WWD article (tiered subscription)

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