SEATTLE, Nov. 19, 2014 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) today announced plans to open a Nordstrom Rack at 1600 Commons in Fort Lauderdale, Fla. The 36,000-square-foot store is scheduled to open in fall 2016. 1600 Commons is being developed by Halvorsen Holdings.
The new two-level Rack will be part of a redevelopment of the property, which is located on Federal Highway between NE 15th and NE 16th Streets. The project will also be home to the first Trader Joe's in Fort Lauderdale, along with Office Depot and a variety of other retailers.
"We're grateful for the support we've received from our customers in South Florida ever since we arrived with our Nordstrom store at Town Center at Boca Raton in 2000," said Geevy Thomas, president of Nordstrom Rack. "We believe the new Rack will be an ideal location for customers living in and visiting Fort Lauderdale."
When it opens it will be the ninth Nordstrom Rack in South Florida. The company recently opened a new Rack in West Palm Beach and will open its eighth location in the spring of 2015 at the Shops at Midtown Miami.
"We are excited about the addition of a state of the art Nordstrom Rack which will differentiate our project from the competing centers," said Jeff Halvorsen, president of Halvorsen Holdings.
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30-70 percent off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com and specially-purchased items from many of the top brands sold at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 293 stores in 38 states, including 118 full-line stores in the United States and one in Canada; 167 Nordstrom Racks; two Jeffrey boutiques; and one clearance store. Nordstrom also serves customers online through Nordstrom.com, Nordstromrack.com and private sale site HauteLook. The company also owns Trunk Club, a personalized clothing service that takes care of customers online at TrunkClub.com and its four showrooms. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About Halvorsen Holdings
Halvorsen Holdings has been specializing in the development and redevelopment of high-end grocery anchored and/or urban infill retail throughout the Southeast for approximately 30 years.
Tim Berg, President
Halvorsen Real Estate Corp.
SOURCE Nordstrom, Inc.