Neiman Marcus' parent company Saks said despite a land deal worked out between the downtown Dallas building's owner and the city, their plans to close the iconic location have not changed. "Given our role in the Dallas community,

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.

The store has been a staple in Dallas for over a century, helping cement the Texas city as a global fashion destination.

The land upon which the downtown Dallas Neiman Marcus store sits has multiple owners. The Consortium for the Downtown Dallas Neiman Marcus said in a letter that all the ground leases under the downtown Neiman Marcus building were affirmed during the company’s bankruptcy with the exception of the Slaughter lease.

The flagship Neiman Marcus store in Downtown Dallas will remain open after an agreement was reached with the Slaughter family and the City of Dallas. In February the the company’s new owners, Saks Global,

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.

City and real estate officials say the owners of the land where Neiman Marcus' flagship store is located have Dallas ties and will donate the land to the city.