Report: Nordstrom opening Manhattan store, all profits to go to charity

New York City Nordstrom is coming to Manhattan, but it is not opening the flagship that been long expected -- at least not yet. Instead, the upscale retailer will open what it calls a “unique concept” store in fall 2011, with all earnings from the store donated to nonprofits, Crain’s New York Business reported.

The store will be located  at 350 W. Broadway, a new building between Grand and Broome Streets.

“Nordstrom chose 350 W. Broadway as an ideal venue because it is a one-of-a-kind property in a cutting edge, highly trafficked neighborhood that appealed to the company for this new concept,” said Oliver Katcher, senior VP landlord RFR Realty, in a statement.

Details of the lease were not disclosed.

“It’s a unique, philanthropic-based store concept,” said Pamela Lopez, a Nordstrom spokeswoman, in the Crain’s report. “All profits will go to nonprofit organizations.”

The West Broadway shop will be the sole national outpost of its kind, the report said.