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

Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, Nordstrom Inc.

---

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

---

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

Commercial Banks, Commercial Banking, Mellon Bank Corp.

Similar abstracts:

• Abstracts: Senior moments for La. Blanco decision a relief
• Abstracts: New life for old site. Condo sells retail units
• Abstracts: CBS narrows buyers to three. U.S. backs Siemns deal. Mylan buying Calif. concern
• Abstracts: Centocor wins FDA approval for a third medicine. Anticancer drug, created at Penn, nears approval
• Abstracts: Pilgrim faces 2d sale in 3 years. Battered old stalwart will stay the course. Teachers' fund in Vanguard turf

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.