Lease Beat

Related, Oxford Sign Neiman Marcus for Hudson Yards

Neiman Marcus at Hudson Yards

Rendering of the Neiman Marcus store now slated for Hudson Yards. (Related)

Fashion department store Neiman Marcus will anchor the Shops at Hudson Yards retail complex in Hudson Yards between West 31st and West 32nd Streets on 10th Avenue through a 250,000-square-foot lease agreement the Dallas-based corporation signed with the Related Cos. and Oxford Properties Group on Tuesday, The New York Times reported today.

Neiman Marcus, the only retailer the Hudson Yards partners have announced so far for the 7-floor property, will enjoy prominent signage on the building’s facade and take space on floors five through seven starting in 2018.

“This entire project has been bespoke-tailored around Neiman Marcus,” Kenneth Himmel the president and CEO of Related Urban, the developer’s mixed-use division, told the paper. “This is a game changer for Hudson Yards, for the West Side of New York, for Manhattan. It’s not just an anchor tenant. It makes a statement for our project.”

The store will be the department store’s 43rd fully-stocked outlet in the country but its first in Manhattan. The closest Neiman Marcus store to Manhattan currently operates out of Paramus, N.J.

“We needed to make sure that if we were taking this big, big step of coming to Manhattan, that we had a store that was going to be very impressive,” Karen Katz, the chief executive of Neiman Marcus Group, told the Times.

 Asking rents for the space weren’t immediately available.

 

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