The downtown Neiman Marcus store is set to close in a matter of weeks after a dispute with a landlord under a small section of the store. The planned shuttering, which brought shock and dismay to locals,
For anyone who believes architecture is nothing more than lifeless brick and stone, glass and steel, the outpouring of sadness over news that Neiman Marcus is shuttering its downtown flagship can stand as a glaring rejoinder.
Saks Global announced the Dallas flagship Neiman Marcus store will close on March 31 claiming the building landlord forced the closure.
After the shocking news that Neiman Marcus’s parent company will close the flagship Downtown Dallas store, people online are mourning the loss of history. Neiman was sold to rival luxury retailer Saks Fifth Avenue’s parent company last year,
The Dallas City Council in May 2022 approved the luxury retailer getting an economic development grant in exchange for keeping its flagship store downtown
In a news release, the company reaffirmed that the store will close on March 31, despite reports suggesting otherwise.
Saks Global is doubling down on its decision to close the historic Neiman Marcus flagship in downtown Dallas.
The City of Dallas has taken over the parcel of land, which local officials say paves the way for Neiman Marcus downtown to remain open.
The group said all ground leases under the downtown Neiman Marcus building were affirmed during the company’s bankruptcy with the exception of the Slaughter lease. Their 99-year ground lease ended Jan. 31, 2025 and was extended through March 31, 2025, according to a letter from the group.
Dallas leaders and stakeholders say the soon-to-close Downtown Dallas Neiman Marcus location is too valuable to lose over a ground lease dispute.