A view of Neiman Marcus in The Shops at Hudson Yards
The anticipated bankruptcy of Neiman Marcus could throw Related and Oxford Properties’ Hudson Yards mall into peril.
The parent company of the department-store chain is reportedly planning to file for bankruptcy protection within the week. The move would put Related and Oxford Properties in the precarious position of possibly having to renegotiate the retailer’s lease at the luxury Hudson Yards mall — and enter into conversations with other retailers whose lease agreements are tied to Neiman’s presence.
“Losing Neiman would be a major setback … (1 comments)
Another hospital is joining Hudson Yards in hopes of tapping into the expected wave of new residents and workers at the megadevelopment.
Hospital for Special Surgery is leasing 15,000 square feet at the Related Companies’ 35 Hudson Yards, Crain’s reported. The facility joins the 72-story tower’s anchor tenant, Equinox, which is opening its first hotel as well as a fitness center.
In September, the New York Post reported that Mount Sinai inked a lease at 55 Hudson Yards. The hospital announced in March that it will open … (0 comments)
Retailer’s collapse would open the door for other stores to renegotiate or exit leases
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