Nordstrom Puts Down $102M To Own Space In Extell Project

By Kaitlin Ugolik (August 27, 2013, 4:08 PM EDT) -- Upscale clothing retailer Nordstrom Inc. has put a $102.5 million down payment on the space it plans to occupy in a mixed-use skyscraper planned by Extell Development Co., signing an agreement with Extell to to own the store as a condominium, Nordstrom announced Tuesday.

The new flagship store will occupy seven floors of the 88-story building when construction is completed, comprising about 285,000 square feet at the base of the retail, hotel and high-rise residential tower at 225 W. 57th St., just south of Central Park.

Nordstorm's floors will include the first five above-grade floors and two below, with street level...

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