Posted by Leonard Steinberg on September 4th, 2014

Where will all those chic new homeowners coming to West Chelsea do their shopping? Neiman’s of course!  A quick hop onto the Highline Park will take swell Chelsea dwellers a few streets north to Hudson Yards. Yes, its official: Neiman Marcus is coming to the West Side of Manhattan in the Hudson Yards area just north of West Chelsea (10th Avenue @ 31st Street)….the Dallas based ultra-luxe retail mecca that also owns Bergdorf Goodman is opening a 250,000sf luxury store to anchor the giant Hudson Yards development that’s being built on the far West Side. It is slated to open in fall 2018, anchoring a million-square-foot shopping complex being developed by Related Cos.

The store will sit on the top three floors of the Shops (100 of them)at Hudson Yards, a 1-milion-square-foot complex of stores and restaurants planned for the Hudson Yards commercial and residential development that sits on the subway station that will house the #7 subway extension connecting the west side to Times Square. The store will have views of the development’s public plaza, the Culture Shed event space and the High Line park.

The Highline Park will connect the West Village to Hudson Yards……you will be able to walk from the Whitney Museum to Neiman Marcus without crossing a single street!

This addition is a MASSIVE boost to the West Chelsea area with buildings such as 560 West 24h Street, 508 West 24th Street and the Zaha Hadid building being immediate beneficiaries. I expect real estate pricing to reflect this.