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Saks Global’s bankruptcy derails $400 million Lord & Taylor project in New Jersey

Major retail redevelopment has been scuttled, mayor says
The planned downtown Westfield, New Jersey, redevelopment included office, retail and multifamily space. (HBC)
The planned downtown Westfield, New Jersey, redevelopment included office, retail and multifamily space. (HBC)
CoStar News
July 22, 2026 | 10:04 P.M.

Saks Global's bankruptcy has derailed a roughly $400 million redevelopment of a former Lord & Taylor store in suburban New Jersey, with the site being put up for sale.

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