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Originally Posted by babs
Nordstrom closing would send shockwaves throughout the real estate industry. Not only would it sit there empty but it would also scare off real estate developers. The impact of Nordstrom's closure would be far-reaching and would set back downtown for years. I hope Mayor Wilson calls Nordstrom's HQ regularly to check up on how things are going. Portland and Oregon's government doesn't seem to do much proactive economic development.
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I think you are over thinking it, if Nordstrom closed its downtown location, it would be because Nordstrom went under and are closing all of their stores. The major down side for their building is what you see is what it is, no additional floors can be added to it and the building itself can't be repurposed for anything other than a downtown department store. So if the store were to ever close, it would most likely sit vacant until another department store opened up in it or it was torn down to redevelop the site.
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Originally Posted by maccoinnich
In other retail news, the temporary Ben Bridge store is now under construction in the Jackson Tower, with a summer 2025 opening date. Apparently it will be open for about a year, while the existing Ben Bridge store in the Pacific Building is expanded and remodeled. David Yurman is also under construction in Pioneer Place. While neither are anywhere near as large as Nordstrom, those are good signs for the future of high end retail in downtown.
After missing the MAX last night, I took a walk through Pioneer Place, and it was busier than I'd noticed it being in a long time (Din Tai Fung especially looked very busy). It definitely needs some more stores to be thriving, but it's possible to imagine how it could be. I really hope someone is busy trying to recruit Uniqlo.
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Uniqlo really missed their golden opportunity with Portland, back in the 2000s when they first started expanding in the US and opening up in mostly suburban malls, they should have put one in downtown Portland because it would have been a hipster magnet and probably would have been one of their busiest stores. Back then, I basically had to stock up on clothes from Uniqlo whenever I visited NYC. I would always have to buy a cheap suitcase when I was there because I would buy so much. Heck, I still have a lot of clothes from those trips.