extell1WWD’s story today on Nordstrom’s announcement of a steep drop in quarterly earnings buries a bombshell about the department store chain’s future Manhattan flagship in the final paragraph. Though the building thast will house it, Extell’s latest West 57th Street supertall, is already under construction, a statement from the store is ominous: “Plans for our Manhattan full-line store, which we expect to open in 2019, ultimately include owning a condominium interest in a mixed-use tower and leasing certain nearby properties. As of Jan. 30, we had approximately $176 million of fee interest in land, which is expected to convert to the condominium interest once the store is constructed. We have committed to make future installment payments based on the developer meeting pre-established construction and development milestones. In the unlikely event that this project is not completed, the opening may be delayed and we may be subject to future losses or capital commitments in order to complete construction or to monetize our previous investments in the land.”