It’ll take another six years, but specialty retailer Nordstrom is finally coming full-on to New York City. At a news conference attended by Mayor Michael Bloomberg at its treasure&bond location in SoHo yesterday the retailer announced its plans to build and open a seven-story, 285,000-sq.-foot (26,477-sq.-meter) flagship–its first full-line store in New York City–at 255 West 57th Street between Broadway and Seventh Ave in 2018.

The store will be part of a planned mixed-use skyscraper that will also house a hotel and residences and which will be owned and constructed by Extell Development Company, a leading real estate developer that built the W Times Square Hotel and numerous high-end residential properties in Manhattan. Excavation on the site, which spans one block to 58th Street, is due to start in the first quarter of 2013.

“It makes perfect sense that Nordstrom–one of the premier names in retailing–would want a flagship store in New York, the world's premier city for retailing,” said Mayor Bloomberg at the announcement. “This is very exciting news for New Yorkers and the millions of tourists who come to our city to shop each year, and this new addition to the West Side of Manhattan is another sign of the private sector’s confidence in New York City.”

“This has been a long time coming for us, as Nordstrom has sought a NYC location for many years. We couldn't be happier about the opportunity to be a part of this terrific development project with Extell and feel the location works extremely well for us,” added Erik Nordstrom, president of stores for Nordstrom Inc. “We look forward to opening our doors and we view this as our chance to have our best Nordstrom store in the best retail city in the world.”

Founded as a shoe store in Seattle in 1901, Nordstrom runs 231 stores at present. These include 117 full-line stores, 110 Nordstrom Racks discount stores (including one in Union Square in Manhattan), two Jeffrey boutiques (one each in New York and Atlanta), the treasure&bond store in SoHo and one clearance store. The company also owns the online private sale site HauteLook.