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 ...
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
i would love to turn a dead mall into a thriving paintball arena...
dawn of the dead every day.
SF Mall up for auction: Got change for a quarter?
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.
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.”
It might be worth $200, but why not make it a giant Homeless Shelter?
That would be kewel
But it. And monetize the YouTube channel of imploding it.
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.
Illegal alien comfort suites provided for free courtesy of the taxpayer.
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.
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.
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.”
invaders new home
Be very careful, you just might get it.
(Might it make an adequate homeless shelter/scabies, TB, fentanyl OD you-name-it clinic?)
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.
It will be a Chinese Colony by then.
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?
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!
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