Nordstrom eyes Fifth Avenue
Article Abstract:
Nordstrom, the Seattle, WA-based shoe retailer, might build a location at Fifth Avenue in downtown Pittsburgh, PA. The company, which is yet to sign a definitive agreement, is being eyed as one of the anchors of a seven-block entertainment, retail and dining district called "Market Place at Fifth and Forbes." The proposed district, a 600,000-sq-ft project that has been presented to city officials by Urban Retail Properties Co. of Chicago, IL, plans to also include such establishments as Kauffman's, Saks Fifth Avenue, Lord & Taylor, Lazarus and a 24-screen AMC theater complex.
Comment:
Might build a location at Fifth Avenue in downtown Pittsburgh, PA
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Lord & Taylor to open in 2000
Article Abstract:
Lord & Taylor, the New York-based department store chain, will establish a four-story, 135,000-sq-ft location in downtown Pittsburgh, PA, that is set to become operational by fall 2000. The planned $36-million department store, which will occupy the former headquarters of Mellon Bank, is expected to further boost the city's claim of having the highest concentration of high-end retailers in the region. The deal, seen as another victory for Mayor Murphy, took almost $12 million in incentives and three years of negotiations before becoming final.
Comment:
Will establish a 4-story, 135,000-sq-ft location in downtown Pittsburgh, PA, that is set to become operational by fall 2000
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Upscale retailer decidedly conservative
Article Abstract:
Lord & Taylor, a New York-based upscale retailer owned by May Department Stores Co. of St. Louis, MO, would acquire the old headquarters of Mellon Bank's at Smithfield Street and Fifth Avenue in Pittsburgh, PA, for around $9 million. The company plans to spend another $27 million to convert the structure to a 135,000-sq-ft department store facing Kaufmann's, another store owned May Department Stores that targets the middle market. The Urban Redevelopment Authority offered $11.75 million in incentives to convince Lord & Taylor.
Comment:
Would acquire the old headquarters of Mellon Bank's at Smithfield Street and Fifth Avenue in Pittsburgh, PA, for around $9 mil
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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