Friday, April 5, 2019

As Neiman Marcus Opens its First NYC Store it Seeks to Gain Time to Escape its Debt Burden

NREI
Dallas-based luxury department store chain Neiman Marcus opened its newest store on Manhattan’s west side in March and pulled out all the stops.

The flagship department store is part of a 1-million-sq.-ft., seven-story, glitzy shopping complex called the Shops and Restaurants at Hudson Yards developed by the Related Cos. and Oxford Properties Group. The store is part of the first phase of the $25 billion mixed-use new neighborhood.

Neiman Marcus occupies 188,000 sq. ft. on three levels and it’s the first-ever namesake store in New York City. . . . more