Neiman Marcus to Open Flagship in NYC's Hudson Yards

9/4/2014
Neiman Marcus Group announced plans to open a flagship Neiman Marcus store on Manhattan's west side at the Hudson Yards complex currently under construction. The 250,000-square-foot, multi-level store is scheduled to open in 2018 and marks the first for the brand in New York City. The landmark announcement is a signature element of the company's entrance and expansion into New York, which includes a multi-million dollar comprehensive modernization of Bergdorf Goodman, a Neiman Marcus store on Long Island and a Last Call Studio Store in Brooklyn.

The three-level Neiman Marcus will anchor the 1-million-square-foot Shops at Hudson Yards. Integrated into the heart of the neighborhood, customers will have multiple access points throughout the complex from the east, west, north and south and a dedicated entrance on 10th Avenue. The store will offer customers Neiman Marcus' signature mix of luxury and fashion brands. The store will offer sweeping views over the vast public plaza and monumental meeting place being designed by Thomas Heatherwick and Thomas Woltz, the unique Culture Shed, the planned home of New York Fashion Week and the widely acclaimed High Line.

"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 CEO of Neiman Marcus Group. "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 5th and 58th, and we are excited to establish a flagship NM store in one of the world's premier shopping destinations."

The 28-acre Hudson Yards, developed by Related Companies and Oxford Properties Group, will include more than 17 million square feet of commercial and residential space, as well as 14 acres of public open space, a 750-seat public school and a 175-room luxury hotel.

Kenneth A. Himmel, president of Related Urban, the mixed-use division of Related Companies, said, "Hudson Yards represents the best of New York's culture, commerce and community and we are thrilled that Neiman Marcus will anchor Hudson Yards with their New York flagship location and offer a new and exciting benchmark for shopping on the thriving west side. The commitment of such an iconic retailer further solidifies that the epicenter of the city has shifted and Hudson Yards is the new heart of New York."

Neiman Marcus Group has initiated a five-year plan to modernize Bergdorf Goodman, offering its customers an enhanced shopping experience. Called "BG 20/20," the redesign includes the addition of space dedicated to designer and luxury women's sportswear as well as the creation of "labs" to showcase new and emerging designers. The renovation project is scheduled to be completed for a 2020 opening.

As part of its expansion plan into the New York region, the company will open a Neiman Marcus full line store in Long Island in February 2016. The store will be located in the Roosevelt Field Mall in Garden City, N.Y. Additionally, the company announced its plan to open its first Last Call Studio in New York later this year. The retailer's off-price store will feature exclusively edited, in-season apparel and accessories purchased directly from designers and will be located in the Brooklyn Municipal Building.


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