Nordstrom Inc. will be docking its flagship store in New York City sometime in 2018. The Seattle-based fashion retailer has acquired the first seven floors, about 285,000 square feet, of Extell Development's proposed 88-story residential condominium at 225 W. 57 St. for $102.5 million.

The complicated large-scale project, at the corner of 57th Street and Broadway, is being orchestrated by Extell and founder Gary Barnett. The development group is also the creator of One57, another unique residential building at 157 W. 57th St.