Saks Global says it will keep the historic Downtown Dallas Neiman Marcus store open through the holidays and then reimagine the space for the future.

Saks Global, which owns Neiman Marcus, announced the decision to keep the flagship store open longer on Friday while they work with city officials to reimagine the space.

"We are excited that Saks Global has decided to keep Neiman Marcus open downtown, as we explore the opportunity to unlock the potential to transform downtown into an international beacon and economic engine for fashion — just as the Neiman Marcus founders intended when they opened the store more than 100 years ago," Tolbert said in a statement.