Neiman Marcus' parent company Saks says 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. A Saks Global spokesperson told CBS News Texas that plans for the flagship store have not changed.

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 downtown Neiman Marcus store may stay open under a new deal after pressure from Dallas city and business leaders to save the century-old retail site.

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.

The downtown Neiman Marcus store can stay open under a new deal after pressure from Dallas city and business leaders to save the century-old retail site. A local business group said it brokered a deal to keep the iconic downtown department store at its current site on Main Street,