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Wall Street is the hotspot in retail news today as the old JPMorgan building at 23 Wall Street (a.k.a. "the Corner) is looking for a tenant—more specifically—a department store tenant. Cushman & Wakefield, the marketers of the historical 178,000 square foot space on the corner of Wall Street and Broad, are pushing for a distinct type of department store though. "We don't want an off-price retailer, but it isn't appropriate for Bergdorf Goodman either," sniffs the exec in charge of the deal. Guess they're not interested in giving Century 21—which is a five minute walk away—any competition. How about answering our repeated pleas for a Nordstrom, then?
Well, Cushman is planning on approaching Bloomingdale's to "create an annex" in the space, while looking into other options that will appeal to flush Wall Street professionals that populate the area. Perhaps this is a good time to revisit that old FiDi Apple store rumor that was floated a few years back.
· Apple FiDi: Are They or Aren't They? [Racked NY]
· Old JPMorgan building at 23 Wall Street to become department store? [The Real Deal]