Neiman Marcus to Relocate to Uptown Dallas Tower

Cityplace Tower. Image courtesy of Neiman Marcus Group

Neiman Marcus Group has opted to relocate its Dallas corporate headquarters from its downtown location to the 42-story Cityplace Tower in Uptown.

Owned by Highland Capital Management, the 1.4 million-square-foot building is LEED Silver-certified, CommercialEdge data shows. While the luxury retailer plans to keep additional office space on top of its flagship store, the company plans to finalize the move by early 2023.

Plans for its Dallas Hub include updating and customizing the space with the help of Gensler and design company Ideo. Neiman Marcus Group will take over 85,000 square feet of Class A office space across three floors, The Dallas Morning News reported.

The relocation comes on the heels of an approximately $5.3 million incentive agreement approved by the Dallas City Council in May. The package includes an up to $5 million Chapter 380 job retention and creation economic development grant intended to sway Neiman Marcus to keep its headquarters in the city.

The Class A tower in East Dallas

Dallas Hub at Cityplace Tower. Rendering courtesy of Gensler

The multi-tenant building at 2711 N. Haskell Ave. features floor plates between 25,000 and 34,809 square feet with a 3,275-spot  parking offering a ratio of 3 spaces per 1,000 square feet. Cityplace Tower includes a fitness center with locker rooms and showers, a conference facility, an amphitheater and a cafe along with easy access to the DART Cityplace/Uptown Station.

The tenant roster includes Lone Star Funds, BH Management, Aon and Headington Cos., among others. The Dallas-Fort Worth office market closed the second quarter with a vacancy rate of 17.9 percent, representing a 30-basis-point increase year-over-year as well as a 60-basis-point rise compared to the first quarter, CommercialEdge shows.