Macy’s Inc. (Cincinnati) is reportedly ready to announce its first Bloomingdale's store in the state of Arizona.
According to The Arizona Republic, the fashion department store will open at CityNorth, a mixed-use development going up in north Phoenix.
The newspaper said Bloomingdale's won't say whether it has signed a lease “but industry sources say it's no secret that the retailer has struck a deal and that an announcement is forthcoming.” Related Urban Development LP (New York), CityNorth's co-developer, evidently broke the news earlier this year at a Las Vegas retail convention, using a 3-D model of CityNorth to show onlookers where Bloomingdale's would locate.
Nordstrom Inc. (Seattle) has already committed to CityNorth, a 5.5 million-square-foot development with shops, restaurants, residences and offices that is under construction at Loop 101 and 56th Street, next to a mega-shopping hub, Desert Ridge Marketplace.