CityNorth.

|

Bloomingdale's will join Nordstrom, which inkeda deal with a year and a half ago for the Boulevard, the2.5-million-sf, 45-acre second phase of the mixed-used development.A spokeswoman with New York City-based Related Cos., which ishandling leasing for developer Thomas J. Klutznick Co. of Chicago,says yet another major retailer will be on board within 30 to 45days, also taking a prime spot in the Boulevard.

|

"Our retail team has been working with Bloomingdale's on thisfor a couple of years," the spokeswoman says. "Having bothBloomingdale's and Nordstrom helps elevate what we can offer to thenortheast valley."

|

The spokeswoman tells GlobeSt.com that CityNorth's $1.2-billionHigh Street is on track to open in October. The first phaseconsists of close to 300,000 sf of retail, 320,000 sf of officespace and 99 condominiums. She says the first phase is 50%lease-executed and 85% committed on the retail side while theoffice and residential components are being aggressivelymarketed.

|

"We're still on schedule," the spokeswoman says. "Even in theface of an economic slowdown, urban projects are attracting topretailers so we're in a good position." Additional CityNorth phaseswill include more residential, retail and office space. Atbuild-out, CityNorth's 144 acres at the intersection of 56th Streetand Loop 101 will be holding more than 5.5 million sf of retail,office and residential space.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.