"We're pleased to announce the first Manhattan Nordstrom Rack," said Scott Meden, president of Nordstrom Rack. "This is a rare opportunity that opened at the right time for us. Union Square is a thriving retail area and is an ideal location for the city's first Rack. When we open for business next spring, customers can expect to find savings on merchandise from many of the same brands carried at Nordstrom stores."

Nordstrom Rack carries merchandise from Nordstrom stores and Nordstrom.com at 50-60% off original Nordstrom prices. Nordstrom Rack also offers a wide selection of apparel, accessories and shoes from many of the lines carried in Nordstrom stores and purchased specially for Nordstrom Rack, with most at savings of 30-70% off.

In the tri-state area, the company currently operates eight Nordstrom stores and three Nordstrom Racks.

"Nordstrom is one of the nation's leading fashion retailers and we are delighted that they have chosen Union Square, one of New York City's most desirable commercial destinations for their first Manhattan Nordstrom Rack store. Related has played a key role in the revitalization of Union Square for over a decade and we are proud to continue to contribute to the transformation of the area," said Jeff T. Blau, president of Related Companies.

One Union Square South consists of a 22-story luxury residential rental tower located above a five-story retail block that includes Regal Cinemas and several other prime retail spaces. The building's facade features a public artwall containing the mixed-media Metronome by Andrew Ginzel and Kristin Jones that was at the time the largest private commission of public art in New York City's history. Nordstrom Rack at One Union Square South will have 30 feet of street level storefront and will occupy the lower level of the former Virgin Megastore. Also joining Nordstrom at One Union Square South is Best Buy, which is expected to open in the former Circuit City space during the fourth quarter of 2009.

One of the most vibrant districts in New York City, Union Square is a dynamic center of food and fashion, culture and cutting edge businesses. The approximately 12,000 businesses located within a half-mile radius of Union Square employs about 140,000 people. Union Square is home to the City's oldest Greenmarket, a beautiful historic park, and hundreds of restaurants and shops.

Related was formed over 37 years ago and is today considered the most prominent privately owned real estate firm in the United States with divisions in development, acquisitions, property management, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, Las Vegas, San Francisco and South Florida and boasts a team of more than 2,000 professionals. Related has real estate assets worth over $15 billion, including New York City's newest landmark Time Warner Center.

Related has long been committed to the Union Square area, having completed historical redevelopments (the Century Building on 17th Street and the W Union Square Hotel on Park Avenue South), as well as newly-constructed buildings (The Sierra on West 15th Street and One Union Square South at the base of Union Square). Related President Jeff Blau also serves on the board of directors of the Union Square Partnership.

Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 175 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 111 full-line stores, 61 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through its online presence at www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.

Find a job at Nordstrom.
Read more News about Nordstrom.

Exclusive Beauty Gift at Nordstrom August 2009
Beauty Article Posted August 6, 2009

Nordstrom New Fashion Retailer Services
Fashion Article Posted May 10, 2009

Nordstrom New Fashion Retailer Services
Fashion Article Posted May 10, 2009

Petal Power Day Dress Spring 2009 at Nordstrom
Fashion Shopping Article Posted May 7, 2009

Comfortable Sandals For Spring 2009 at Nordstrom
Fashion Shopping Article Posted April 28, 2009

Summer Dresses at Nordstrom for Summer 2009
Fashion Shopping Article Posted April 23, 2009

Sizzling Swimsuits For Spring 2009 at Nordstrom
Fashion Shopping Article Posted April 3, 2009

Nordstrom Gorgeous Dresses in Pretty Prints
Fashion Shopping Article Posted March 27, 2009

Sandals For Women at Nordstrom Spring 2009
Fashion Shopping Article Posted March 18, 2009

Deconstructed Denim Ahead at Nordstrom
Fashion Shopping Article Posted February 27, 2009

Nordstrom Gorgeous Party Dresses
Fashion Shopping Article Posted February 4, 2009

Print Tops Offer Splash of Newness at Nordstrom
Fashion Shopping Article Posted January 21, 2009

Nordstrom Rack to Open at The Palms at Town & Country in Kendall, Florida
Fashion Shopping Article Posted January 15, 2009

Nordstrom 40 Percent Off Women's Coats Holiday 2008
Fashion Shopping Article Posted December 24, 2008