For those neighbors keeping up with the plans for the Downtown Dallas Neiman Marcus, it has been an emotional rollercoaster. Despite city officials offering a glimpse of hope with a new agreement with a local landlord, the department store’s parent company says its plans to close the store remain in place.
Photo courtesy of Neiman Marcus.
The saga started on Feb. 18 when officials for Saks Global — the company that resulted from the 2024 merger of Neiman Marcus and Saks Fifth Avenue — announced that the century-old flagship Neiman Marcus at 1618 Main Street would be closing.
The company said the closure was a result of failing to reach an agreement with the building’s landlord after a decade of negotiations.
On Feb. 26, however, the Dallas Consortium for the Downtown Neiman Marcus, a collective of city officials and people involved in Downtown’s development, announced a move that could save the store from closure. According to the consortium’s statement, an agreement had been made with a representative of the Slaughter family, who owns the land under the building. Under the agreement, the Slaughter family would donate the land to the City of Dallas, which would commit the parcel for use of the Downtown Neiman Marcus store. The statement was signed by City Manager Kimberly Bizor Tolbert, Todd Interests Chairman Shawn Todd, Dallas Economic Development Corporation CEO Linda McMahon and Downtown Dallas, Inc. President and CEO Jennifer Scripps.
Hours after this agreement was announced, Saks Global said it still plans on closing the flagship store at the end of March.
A statement from a Saks Global spokesperson said, “Given our role in the Dallas community, we are working to schedule a meeting with the Dallas Consortium, however, at this time, our plans to close the Downtown Dallas Neiman Marcus remain in place.”
A spokesperson for the consortium said, “We will know more after the meeting with the executives and will keep everyone posted.”
