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Nordstrom Hunts for Manhattan Site

One of the nation's leading fashion specialty stores, Nordstrom, has been pushing hard to open a location in Manhattan. Industry leaders had expected the company to open on the West Side near the Shops at Columbus Circle. According to real estate sources, the chain is in serious talks for a site on the lower floors at what was the Drake Hotel, on East 56th Street and Park Avenue.

Next year, JCPenney will open its first Manhattan store in the very active Herald Square/ Penn Station neighborhood. Its planned 150,000-square-foot store in Manhattan Mall on Sixth Avenue and West 33rd Street, owned by Vornado Realty Trust, would be less than a block from Macy's, the world's largest department store.

More at New York Sun.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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