Could it be true? Will Nordstrom finally be coming to Manhattan? Well, according to WWD, they have been searching and the latest property of
interest appears to be the former Drake Hotel on Park Avenue, according
to published reports. It’s being redeveloped by Macklowe Partners,
which is said to be planning condominiums for the building, located on
the northwest corner of Park and 56th Street.
In any case, the fast-growing and aggressive
Seattle-based Nordstrom is not near to securing a site in Manhattan (bummer). As
one source close to the chain said: "The Drake is a real project that
has a lot of appeal. But I think it’s premature to say it’s imminent.
There are other alternatives in the Manhattan market to consider, and
there is more work to be done on the potential deal/economics of the
has been scouting Manhattan for years, but recently intensified its
search. A major issue is space. Nordstrom is seeking
roughly 200,000 square feet over just a few levels, which is hard to
come by. Another issue is proximity to competitors. If Nordstrom opened
very close to Bergdorf Goodman, Bloomingdale’s or Saks Fifth Avenue, it
might be hard to secure certain lines and designer labels with
established relationships with those stores.
Come on! I miss Nordstrom. It’s the only thing Manhattan is missing.