Nordstrom Reportedly Looking for Downtown Location

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Clearly Nordstrom doesn't want to be left out of the Financial District luxury retail boom. Sources tell WWD that the Seattle-based retailer is allegedly looking to open a 250,000-square foot store downtown, joining Saks Fifth Avenue and the scores of high-end names headed to Brookfield Place and Westfield World Trade Center.

"Nordstrom has been interested in Lower Manhattan for quite some time," someone involved in real estate told the paper, but "the problem is finding the amount of square footage they need."

Indeed, at that size, there's no space at Brookfield or Westfield WTC (By comparison, the Saks store at Brookfield will be 85,000 square feet). Addresses reportedly in consideration include: an Art Deco skyscraper at 1 Wall Street, "away from where most of the luxury retailers are landing;" the former American Stock Exchange site at 78 Trinity Place; and 23 Wall Street, across from the New York Stock Exchange.

Another possibility? The waterside mall at Pier 17—WWD says that developer Howard Hughes has been talking to the department store about a Las Vegas project, and could be gunning for this location as well.

Then again, their future location might not even exist yet. "It could be a development site that hasn't come to fruition yet," said the source, "something that's not so obvious."

Regardless of where Nordstrom ends up, it's very likely a long way off. The West 57th Street store of a similar size, slated for 2018, will likely open before the potential downtown store.

· Nordstrom Said Eyeing Downtown NYC [WWD]
· Nordstrom Will Open on W 57th Street Sometime Around 2018 [Racked NY]
· Confirmed: Saks Fifth Avenue, Off Fifth Headed to Fidi [Racked NY]