Neiman Marcus' flagship store in Downtown Dallas might not be closing after all. On Wednesday, Downtown Dallas Inc. announced that a parcel of land the historic building stands on will be donated to the city when the department store's ground lease expires on March 31.

Neiman Marcus’ downtown store is still slated to close at the end of March, even after Dallas city and business leaders worked to resolve a landlord dispute.

The group said all ground leases under the downtown Neiman Marcus building were affirmed during the company’s bankruptcy with the exception of the Slaughter lease. Their 99-year ground lease ended Jan. 31, 2025 and was extended through March 31, 2025, according to a letter from the group.