Seattled-based luxury retailer Nordstrom is going to announce that they’re coming to Manhattan later today. Here’s what you need to know:

#1 The new Nordstorm flagship will be based at the bottom of a new skyscraper located at 157 West 57th Street.

#2 When you think of Manhattan and 57th street, you think of high-end shopping, right? Well, the new Nordstrom is going to be on the west side on 57th, which could use a bit of a facelift. Expect more high end stores and new renovations to get greenlit to take advantage of the Nordstrom halo effect. The area between the new Nordstrom and the The Shops at Columbus Circle is going to get pretty hot in terms of development pretty quickly.

#3 Don’t get in line just yet; this new flagship should take approximately 20-28 months to open. So, two years, give or take a few months.

#4 How convenient is this for New York City Nordstrom addicts, like myself? The closest full-fledged Nordstrom is in Paramus, a whopping 18 miles from the Upper East Side – and pretty tricky to get to without a car.

#5 This won’t be the first Nordstrom in New York – sort of. There’s already a Nordstrom Rack outlet located on 14th street, right by Union Square. Nordstrom also has a Treasure & Bond charity boutique located in Soho.

#6 This new store will be approximately 300,000 square feet of shopping, putting it at somewhat larger than some of its nearby competition (Barneys and Bergdorf) but over half as small as some other retail giants (Saks and Lord & Taylor).

#7 While this Nordstrom will have most of what you’d expect, given that it’s selling in territory typically controlled by Saks, Bergdorf, and others, some typical Nordstrom brands distributed in those other department stores could run into distribution agreement challenges if they want to sell at Nordstrom in Manhattan.

Hope you guys are even half as excited as we are!