Luxury retailer Neiman Marcus will anchor Related’s Hudson Yards retail with a 250,000 s/f flagship store.
Related Companies and development partner Oxford Properties Group announced last week that the multi-level store is scheduled to open in 2018 and marks the first for the brand in New York City.
Stephen M. Ross, chairman of Related Companies said, “Neiman Marcus is an innovative, world-class brand that has long understood and embraced the intersection of art, culture and retailing, making them an ideal fit for Hudson Yards. Under the leadership of Karen Katz, their inaugural New York City store is destined to be a unique, modern shopping experience unrivaled in the United States.”
The three-level Neiman Marcus will anchor the one million square foot Shops at Hudson Yards. The store will offer views over the public plaza and meeting place being designed by Thomas Heatherwick and Thomas Woltz, the Culture Shed – the planned home of New York Fashion Week — and the High Line.
Kenneth A. Himmel, president of Related Urban, the mixed-use division of Related Companies said 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.”
The 28-acre Hudson Yards will include more than 17 million square feet of commercial and residential space, more than 100 shops and restaurants, approximately 5,000 residences, a cultural space, 14 acres of public open space, a 750-seat public school and a 175-room luxury hotel.
The Shops at Hudson Yards, opening in 2018, will range from the finest couture designers to the best names in accessible global retail, according to the developer. The Kitchens at Hudson Yards, an urban food hall, will feature quick-serve concepts and The Restaurants at
Hudson Yards will have what’s being billed as “a legendary assortment of local chef-driven restaurants.ˮ
Above it all will be the city’s highest indoor/outdoor observation deck, with glass-floored panoramic views that will welcome an estimated four million visitors annually.
It is anticipated that more than 24 million people will visit Hudson Yards every year and retail sales are projected at approximately $1 billion.