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Who wants to own a dead mall? The San Francisco Centre heads to auction
The San Francisco Standard ^ | 10/28/2024 | Kevin V. Nguyen

Posted on 10/28/2024 9:40:09 AM PDT by Vendome

A few months after the temporary stewards of San Francisco’s struggling downtown mall attempted to rename the place, the San Francisco Centre is again the San Francisco Centre this week, they announced.

It’s been just over a year since the mall’s previous owners, Unibail-Rodamco-Westfield and Brookfield Properties, defaulted on a $558 million loan and chose to abandon the 800,000 square foot property. Now, it’s headed to a public auction on the steps of the Memorial Court on Van Ness Avenue on Nov. 14.

(Excerpt) Read more at sfstandard.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: california; californication; covid; disasterous; response; sanfrancisco; sanfransicko; to
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I went there last month to pickup a shirt for a friend.

What a disaster this place is.

The photos in the article do not adequately display the emptiness of the edifice.

While the article states the mall has more than 50% vacancy, that is just lazy writing.

It is probably close to 80% vacant

1 posted on 10/28/2024 9:40:09 AM PDT by Vendome
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To: Vendome

i would love to turn a dead mall into a thriving paintball arena...

dawn of the dead every day.


2 posted on 10/28/2024 9:41:01 AM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world or something )
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To: teeman8r

SF Mall up for auction: Got change for a quarter?


3 posted on 10/28/2024 9:43:06 AM PDT by DPMD
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To: Vendome
> The San Francisco Centre heads to auction <


4 posted on 10/28/2024 9:47:44 AM PDT by Leaning Right (The steal is real.)
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To: Vendome

There are a lot of malls in the US that look like this. There is one near me that is being torn down and turned into housing. Mall culture in the US is dead. It probably peaked in the 1980s and went downhill ever since. Now there will be some that survive but the standard, run of the mill mall is dying if not already dead.


5 posted on 10/28/2024 9:51:28 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: Vendome

Chris Rock said over 20 years ago: “There are only 2 kinds of malls in America. There are the malls where white people go... and the malls where white people USED to go.”


6 posted on 10/28/2024 9:52:52 AM PDT by Teacher317
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To: Vendome

It might be worth $200, but why not make it a giant Homeless Shelter?


7 posted on 10/28/2024 9:56:43 AM PDT by eyeamok
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To: teeman8r

That would be kewel


8 posted on 10/28/2024 9:59:10 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: Vendome

But it. And monetize the YouTube channel of imploding it.


9 posted on 10/28/2024 10:04:08 AM PDT by IYAS9YAS (There are two kinds of people: Those who can extrapolate from incomplete data.)
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To: Opinionated Blowhard

The mall in Concord, NH which was thriving even ten years ago is empty and abandoned, with chain link fence around it. The “anchor stores” were Sears and Circuit City, the Sears Auto place was actually pretty busy until the end, but with those gone it was just a matter of time.


10 posted on 10/28/2024 10:10:30 AM PDT by Jim Noble (Assez de mensonges et de phrases)
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To: Vendome

Illegal alien comfort suites provided for free courtesy of the taxpayer.


11 posted on 10/28/2024 10:15:57 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: Opinionated Blowhard

One has to wonder what caused malls to fail so completely, especially after their great success in the ‘70s, ‘80s, and early 90s. A common answer is that shoppers felt less safe, less welcome after gangs installed themselves there, but I think the answer is somewhere else. It may be that shoppers just got weary of all the sensory overload: store fronts and displays side by side for a hundred yards or more, all and everywhere under a fluorescent oven of soft lighting. Once inside, there was no obvious escape from it all.


12 posted on 10/28/2024 10:16:57 AM PDT by PUGACHEV
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To: Vendome

Since the onset of the pandemic rocked San Francisco’s commercial real estate market four years ago, borrowers and lenders have been playing an elaborate game of musical chairs to align debt levels with current real estate values.


musical chairs


13 posted on 10/28/2024 10:19:13 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PUGACHEV

Chris Rock said it best:

“There are two kinds of malls: The malls the white people go to, and the malls the white people used to go to.”


14 posted on 10/28/2024 10:20:14 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: DPMD

invaders new home


15 posted on 10/28/2024 10:21:15 AM PDT by ronnie raygun
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To: DPMD
SF Mall up for auction: Got change for a quarter?

Be very careful, you just might get it.

(Might it make an adequate homeless shelter/scabies, TB, fentanyl OD you-name-it clinic?)

16 posted on 10/28/2024 10:27:56 AM PDT by Seaplaner (Never give in. Never give in. Never, never, never...in nothing, great or small...Winston ChurchIill)
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To: Vendome

Hey, pick it up for a song as an investment property then maybe in a hundred years...if ever...when SF comes back you might get a decent ROI.


17 posted on 10/28/2024 10:31:36 AM PDT by Bonemaker (invictus maneo)
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To: Bonemaker

It will be a Chinese Colony by then.


18 posted on 10/28/2024 10:32:02 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

Used to eat breakfast there at a Chinese place. Forgot the name. Then the places demolished. Fancy place when I went there. The head of the shoplifting crew was a 40-something woman. Had to be something behind it right?


19 posted on 10/28/2024 10:45:41 AM PDT by DIRTYSECRET
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To: PUGACHEV

You’re right about the sensory overload. It’s just all too much and that plus the questionable people = a place I avoid like the plague.

Online shopping is so much easier!


20 posted on 10/28/2024 10:51:37 AM PDT by Aria (Voted for Trump 10/22/2024 )
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