NEW YORK CITY—It's official: Related Cos., Oxford Properties Group and Neiman Marcus Group, Inc. plan to open a flagship Neiman Macus store at Hudson Yards, on the Far West side. The 250,000-square-foot, multi-level store is scheduled to open in 2018 and marks the brand's debut in New York City.

Previously reported to be in the works, the three-level Neiman Marcus will anchor the one million square foot Shops at Hudson Yards. Customers will have multiple access points throughout the complex including from the east, west, north and south and a dedicated entrance on 10^th Avenue. The store will present customers Neiman Marcus' signature mix of luxury and fashion brands and offer views over the development's public plaza and meeting place, the Culture Shed—which is the planned home of New York Fashion Week—and the High Line.

Stephen M. Ross, chairman of Related Companies says, “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.”

Blake Hutcheson, president and CEO of Oxford Properties Group adds, “Neiman Marcus has built their success through an unwavering commitment to their customers in all aspects of their business. Opening their first ever New York City store at the Shops at Hudson Yards once again reflects this commitment.”

Asserts Karen Katz, president and CEO of Neiman Marcus Group said, “Neiman Marcus Group is delighted to announce that Manhattan will have its first Neiman Marcus! 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. 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. We look forward to serving New Yorkers and visitors to New York with legendary Neiman Marcus style.”

Notes Kenneth A. Himmel, president of Related Urban, the mixed-use division of Related Companies, “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.”

Instant Insights /

Neiman Marcus Inks Hudson Yards Deal

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