Neiman Marcus opened with a splash in March 2019 as the cornerstone of the equally splashy Hudson Yards. A year later, the department store has filed for bankruptcy and its first ever Manhattan outpost may become a Facebook office.
Neither Facebook nor Hudson Yards has confirmed whether or not the department store will become office space for the social media giant. But according to WWD, Facebook is in talks to take over the 188,000-square-foot store.
Reports surfaced earlier this month that the Neiman Marcus store would likely be converted into office space rather than another retailer. That came after the Dallas-based department store chain filed for Chapter 11 bankruptcy in May, owing in part to the ongoing coronavirus crisis.
Facebook already occupies a substantial part of Hudson Yards. The social media company currently leases 1.5 million square feet of office space, spread across 30 floors and three buildings in the complex. The Neiman Marcus space in question occupies 188,000 square feet over three levels, with three restaurants and an art collection on site.
Neiman Marcus is not the only retailer to have been hit hard by the COVID-19 pandemic. J.Crew also filed for Chapter 11 bankruptcy in May, while 10 Corso Como permanently closed its New York City outpost just over a year after its opening. Neiman Marcus, which also owns Bergdorf Goodman, has not indicated it will close any of its other stores throughout the country.
In related news, read about how New York City retailers are preparing to reopen as the city relaxes its stay-home orders.