San Francisco Chronicle - (Sunday)

3 empty spaces leased at Emporium San Francisco Centre

- By Roland Li Reach Roland Li: roland.li@sfchronicl­e.com; Twitter: @rolandlisf

San Francisco’s largest, half-empty mall is seeing signs of a potential comeback. Literally.

Three empty retail spaces at Emporium San Francisco Centre, including one formerly occupied by Burberry, have been “leased,” according to recent identical red signs posted on their windows. The signs also say “coming soon.”

The three spaces are all in the same area on the first floor of the northeaste­rn side of the mall at 865 Market St., which is anchored by Bloomingda­le’s.

A spokespers­on for the mall’s managers, which include receiver Trident Pacific and brokerage JLL, didn’t provide any informatio­n on tenants’ identities or when they would open. The representa­tive said that the tenants would be announcing plans in the future. Westfield San Francisco Centre, even as ideas for a

New store openings have drastic makeover such as a become a rarity since 2020 new soccer stadium have in the Powell Street and been floated, though never Union Square shopping formally proposed. district, which has been The mall has lost a slew slammed by a plunge in of stores since the high-profile foot traffic following the closure of Nordstrom pandemic and remote last August. Hollister, Aldo, work. Adidas, Madewell and J. The trio of potential new Crew all closed in January.

nd openings show there is still Sales tax revenue for the retailer demand for the census block that includes mall formerly known as the mall shows a drastic plunge in the last three years. In 2023, the area generated $1.7 million in sales tax, down 48% from $3.1 million in 2019, and also a drop from $2 million in 2022. The decline came despite the high-profile opening last August of IKEA in the same block. (The tax data does not include businesses with locations in multiple neighborho­ods.)

Trident Pacific took over management of the mall after previous owners, real estate giants Westfield and Brookfield, stopped payments on their mortgage. Trident Pacific said in February that goals include attracting new experienti­al, entertainm­ent and food tenants. It is also seeking to enhance security and host regular events.

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