Facebook would convert Neiman Marcus’ store on the fifth through seventh floors of Related Companies’ seven-story Hudson Yards retail structure in Hudson Yards, WWD reported. A source told WWD that Neiman Marcus wants to ditch the store after it filed for bankruptcy in May and Related has been looking to get the luxury retailer out as well.
Spokespeople for Facebook and Related did not immediately respond to requests for comment.
A spokesman for Neiman Marcus said in a statement that the company was evaluating its stores as part of its Chapter 11 proceedings but did not specify the fate of the Hudson Yards outpost.
Read the source article at Commercial Real Estate News