City of Dallas, Neiman Marcus Group announce retention of the NMG Headquarters in Dallas
DALLAS – The City of Dallas and Neiman Marcus Group (NMG) announced that NMG will continue to call Dallas its headquarters for its business and corporate activities, while occupying a new Dallas hub location in a renovated space at Cityplace Tower in Uptown.
“Neiman Marcus is synonymous with Dallas,” Mayor Eric Johnson said. “We are pleased to keep this global brand in the heart of our great city, and we look forward to the new jobs and opportunities that this deal provides for the people of Dallas.”
NMG will occupy approximately 85,000 square-feet in Cityplace Tower, a location chosen because it’s centralized between its Neiman Marcus Downtown and NorthPark flagships. The new space is expected to open early 2023 and will be renovated with innovative solutions to support NMG’s integrated ways of working. The company will maintain its Neiman Marcus Downtown Dallas location as its flagship store with additional corporate space above it.
”This is an amazing opportunity for Dallas, as it continues to make strides to become a leading city for economic development,” said Council Member and Chair of the Economic Development Committee Tennell Atkins. “I’m excited to be part of this journey.”
NMG will retain 1,100 permanent, full-time positions within Dallas and create an additional 300 jobs by the end of 2026. The company will pay a minimum wage of $17.82 to every employee, with an average wage of $49 per hour. At least 35% of positions will be filled by Dallas residents.
“We are pleased to continue our partnership with Neiman Marcus. By confirming its commitment to Dallas, Neiman Marcus will help grow the city’s economy by not only giving residents a place to shop, but also a place to work,” said City Manager T.C. Broadnax.
Neiman Marcus has called Dallas home since 1907.
In May, Dallas City Council supported an incentive package of $5.25 million to keep the NMG headquarters in Dallas, preserve 1100 jobs, create 300 new jobs, and maintain the downtown flagship store.