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Originally Posted by Busy Bee
Still bonkers Neiman Marcus opened and closed the store all in under two years. Really a flawed location from the beginning though. Whoever thought opening a luxury department store at Hudson Yds instead of a more traditional retail street was a good idea anyways. The space did look excellent though, but the combination of dept store challenges, Neiman's specific business condition, Covid and the location, it was doomed from the start. Who knows, maybe of they ever return to NY a more obvious location like Fifth Av would be possible. Using the retail base as office is gonna look a bit goofy just architecturally though.
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Not really a flawed location, so much as the timing. Covid caused damage to retail in a lot of places. The Hudson Yards isn’t yet a fully developed neighborhood. Related did delay the opening a little, for some of the office buildings to start opening.
Still, Related says it has learned more on the scale of retail, and would probably open at a smaller scale today. But they plan to open more high end retail at the casino complex. My only problem with the retail of the mall is the configuration. It goes against the natural pedestrian pattern of Manhattan. It should be east/west, eliminating the superblock. Manhattan West is a better example of how it should be done.
Also, I wish they would have gone with the earlier plan of having a movie-screen complex at the site. The west side needs it.
https://commercialobserver.com/2023/...-hudson-yards/
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Neiman Marcus’ time as a tenant in Hudson Yards was relatively brief. The department store shuttered its outpost in 2020 a little more than a year after it opened as part of its bankruptcy proceedings.
Meta was reportedly in talks for the space, but that deal never finalized and the social media giant later cut about 250,000 square feet from its 1.9 million-square-foot Hudson Yards office portfolio.
But Wells Fargo is no stranger to shopping at Hudson Yards. The bank previously bought about 500,000 square feet of office condominium space at 30 Hudson Yards.
It will be keeping that office and adding 20 Hudson Yards to its office footprint, a source said.
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