The rumors are getting louder: it seems Nordstrom Rack is close to signing a lease at IDS Center on Nicollet Mall. I asked Nordstrom about this weeks ago—there was talk that the Rack had a lock on the former Gap space when it was being used for a Mona Williams pop up sale—but a company spokesman said there was no news to report. The Star Tribune got the same response from the retailer, but reports in an article today that other sources are calling the deal "imminent."
It would make sense for Nordstrom Rack, which is adding stores much faster than the main department store—Rack outlets now outnumber Nordstrom department stores by 79. Rack currently has three Twin Cities locations, at Mall of America, Arbor Lakes in Maple Grove, and the most recent to open, Shoppes at Knollwood in St. Louis Park. And while any luxury store would be understandably gun-shy about downtown Minneapolis, given our track record of losing stores, bargain-driven operations seem to fare better. Saks Off Fifth recently returned to Nicollet Mall with a store at City Center.
Nicollet Mall is currently under reconstruction. IDS has a good chunk of available space on the first floor of the Crystal Court, where Gap used to be.