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Neiman Marcus To Open 1st Store In NYC

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According to published reports, the private equity firms that bought Neiman Marcus in 2005 are considering putting it up for sale, or taking the company public. (credit: Scott Olson/Getty Images)

According to published reports, the private equity firms that bought Neiman Marcus in 2005 are considering putting it up for sale, or taking the company public. (credit: Scott Olson/Getty Images)

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NEW YORK (AP) - Luxury retailer Neiman Marcus is opening its first store in New York City.

The Dallas-based Neiman Marcus Group said Wednesday the 250,000-square-foot store will anchor the new retail complex being developed at Hudson Yards on Manhattan’s West Side.

Plans for the $20 billion Hudson Yards complex calls for about 100 shops and restaurants, 5,000 residential units, a public school and a luxury hotel.

Neiman Marcus says its multi-level store is scheduled to open in 2018. The company also owns the landmark Bergdorf Goodman store.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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