Nordstrom Tower Plan Keeping Midtown Storefronts Empty (Columbus: neighborhood, property)

[BPt111]

What you think of this ?

More than a dozen vacant storefronts line a six-block stretch of Broadway between Columbus Circle and Times Square in what some say is the result of property owners holding out for sky-high rents expected when the long-awaited Nordstrom Tower is completed.

There are 13 vacant storefronts along Broadway between 53rd and Central Park — some that have languished for more than two years — and another five empty storefronts on Seventh Avenue just one block west — DNAinfo has found.


https://www.dnainfo.com/new-york/201...ty-experts-say

[Gantz]

Nordstrom tower will only be completed in 4-5 years. Thats a long wait.

Anyway, this is what you'd expect if a new development increases desirability in the surrounding neighborhood and dramatically expands retail space in an area.