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Saks Fifth Avenue is going to step into the gently worn shoes of Nordstrom at Ala Moana Center.
The New York-based luxury retailer plans to move into the space at Hawaii’s largest shopping center vacated by Nordstrom last week as part of Nordstrom’s move to a new Ewa wing.
The move by Saks will give it three stores in Hawaii, including one slated to open in August as the anchor tenant at a redeveloped International Market Place in Waikiki. Saks also operates a discount Off 5th outlet store at Waikele Center.
It has not been disclosed when Saks anticipates opening the Ala Moana store.
The former Nordstrom space at the mall is 210,000 square feet spanning three levels. The Saks store being built in Waikiki is 80,000 square feet on three levels.
For Ala Moana, the move will add a fifth department store anchor to the property with 2.4 million square feet of retail space and roughly 340 stores and restaurants. In addition to Saks, Nordstrom and Bloomingdale’s, the mall has a Macy’s and a Neiman Marcus.
Neither the mall or Saks announced the planned move, but a memorandum of a lease signed in December between Saks and the mall’s owner, General Growth Properties Inc., for the former Nordstrom store space was recorded at the State Bureau of Conveyances last month and became publicly available recently. The lease has an initial term of 10 years.
Saks and Ala Moana officials could not be reached for comment Wednesday.
The space to be filled by Saks was built for Nordstrom as part of a new mauka wing that opened in 2008.
The new Nordstrom store in the Ewa wing cost $85 million and is 185,000 square feet, and was part of a $570 million wing expansion that was made possible with the closure of a Sears store.