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Bloomingdale’s joins CityNorth mix as lawsuit continues over project’s tax deals

Bloomingdale’s joins CityNorth mix as lawsuit continues over project’s tax deals

2/15/2008

Bloomingdale’s is joining the tenants at CityNorth, a mixed-use project at 56th Street and Loop 101 in Phoenix. The high-end retailer will open its first Arizona store at the center, comprising 180,000 square feet of shopping on three levels. It is expected to open at the end of 2009.

Nordstrom, another high-end chain, also will open a store at the center.

CityNorth is under fire as community activists and others have gone to court over tax deals involved with the project. The city of Phoenix agreed to rebate almost $100 million in sales taxes generated by CityNorth back to the developer, Chicago-based Thomas J. Klutznick Co.

As the lawsuit continues, so does construction. The first phase is expected to open in October.

Ultimately, the 144-acre, 5 million-square-foot development will include 350,000 square feet of office space above restaurants and specialty retail shops.

Phoenix Business Journal, Lynn Ducey

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