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    Downtown News

    Owner donates land to secure future for downtown Dallas Neiman Marcus

    Teresa Gubbins
    Feb 26, 2025 | 12:55 pm
    Neiman Marcus downtown Dallas
    Neiman Marcus

    A joint effort by Dallas city leaders to keep the flagship Neiman Marcus store in downtown alive has netted positive results.

    According to a release from downtown advocacy group Downtown Dallas Inc., a landlord who owned a piece of land on which the iconic store resides has agreed to donate it to the city of Dallas, so that there are no obstacles for the store's continued operation.

    The magnanimous gesture comes following a February 18 announcement by Neiman Marcus owner Saks Global that the store — which had been a bedrock of downtown since it opened in 1914 — would be shuttered due to issues with the lease.

    In response, leaders from the city of Dallas convened on Tuesday, February 25 to stress the importance of Neiman Marcus and why it should not be lost due to a lease dispute.

    Downtown Dallas Inc. stated that, following conversations with Stephen Rogers, the asset manager for the Slaughter family, an agreement had been reached for the land in question: First, it will be donated to the City of Dallas, which will designate it for Neiman Marcus.

    How soon before there's a parade for Stephen Rogers and family?

    UPDATE 2-26-2025: Neiman Marcus owner Saks Global says in a statement that, despite the resolution of the lease issue, for now it is still moving forward with its plans to close the store. "Given our role in the Dallas community, we are working to schedule a meeting with the Dallas Consortium, however, at this time, our plans to close the Downtown Dallas Neiman Marcus remain in place," the statement said. Meanwhile, Saks has initiated a round of layoffs — its third since its July 2024 acquisition of Neiman Marcus.

    Ground leases
    When ground leases expire, there is no dispute. All the ground leases under the Neiman Marcus building were affirmed during the company’s bankruptcy. They all had longevity, except for the Slaughter lease. First signed in 1926, its 99-year duration ended on January 31, 2025, and was extended to March 31, 2025.

    According to DDI, the 99-year lease was never an economic lease, but a philanthropic lease: C.C. Slaughter, the original owner, was close friends with the Neiman family and the Marcus family. Over 99 years, the lease never received more than $400 per month.

    Conversations between Rogers and Todd Interests founder and CEO ran "late into the evening and early morning," before culminating with a meeting with City Manager Kimberly Bizor Tolbert on February 26, during which the Slaughter family confirmed their intention to donate the land to the city.

    The City of Dallas will then commit this parcel for the continued operations of the Downtown Neiman Marcus flagship store.

    Does this mean that reservations for the Zodiac Room, the store's equally iconic in-house cafe, will free up?

    In a statement, Tolbert says that “this kind of vision and cooperation between the real estate community, Downtown stakeholders and longtime passionate Neiman Marcus customers have been the driving force motivating us for the betterment of our city. We are committed to ensuring that the flagship Neiman Marcus store in Downtown is open for many years to come with no barriers related to this land lease."

    DDI offered thanks to the Slaughter Family and Stephen Rogers, whom they called "a family of tremendous integrity who are cut from the same fabric as their great-grandfather, C.C. Slaughter. They care about the bigger picture, the common good for all."

    The organization also received a response from SaksGlobal that a representative would be available to meet in Dallas next week.

    "We can now report that issues Saks leadership had perceived were 'beyond (Saks) control,' as expressed by CEO Mark Metrick, relating to issues with terms and conditions on the ground lease under the escalators are now under 'control' and will be secured going forward," DDI said.

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    House For Sale

    Dallas house for sale from the '50s is still in original condition

    Teresa Gubbins
    May 7, 2025 | 1:12 pm
    9203
    Courtesy
    9203

    There's a house for sale in East Dallas that's increasingly hard-to-find: a well-preserved home from the '50s for sale that's in nearly original condition.

    The house is located at 9203 Lindaro Ln., just outside Loop 12 and walking distance to Bishop Lynch High School, in a stable neighborhood of homes build in the mid 1950s.

    The listing by Bryant Nieves of Elite Real Estate Texas calls it a "beautifully preserved Mid-Century gem" with original hardwood floors in the downstairs bedrooms, a recently installed roof, a modern sprinkler system, and an upgraded AC unit.

    There are multiple living spaces with a formal living & dining area, eat-in kitchen, and family room which includes an office nook with built-in desk. It has both a carport and attached 2-car garage, as well as a fully fenced yard.

    Most of the homes in this neighborhood are 1,200 to 1,600 square feet, and priced from $250,000 to $350,000.

    This house was built in 1957, but it differs in that it has a second-floor add-on over the garage — making it roomier at 2,202 square feet, with 5 bedrooms instead of the usual 3.

    The two bathrooms are in original condition with '50s tile, both in good shape. The main bathroom has pale warm tan tile, almost flesh colored; the second bathroom, off one of the bedrooms, is a little prettier, with white tile and green-tile edging. Both are far superior to granite-look ceramic.

    While both bathrooms merit admiration, this house is more about the wood. There are

    • original hardwood floors, all in great shape
    • wood doors including closet doors
    • wood paneling in the family room, with wood bookshelves and a build-in wood desk

    There's also an odd wooden bookshelf that serves as a divider of sorts in the stacked formal living room.

    The only room that looks unoriginal is the kitchen, which boasts white-washed '80s cabinets. It looks clean and functional, even if it does not match modern tastes.

    9203 Lindaro
      

    Courtesy

    Facade of 9203 Lindaro is pleasing, thanks to the unpainted brick.

    It sits on a 7,535 sqft lot and the asking price is $395,000 — a bit optimistic, even if they find the rare buyer who sees value in an untouched '50s home.

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