US EditionNew Macy's Development Partner Sees Historic Union Square Site as 'a 650,000-Square-Foot Blank Sheet'
Macy's and TMG Partners aim to revitalize the 600,000-square-foot flagship store as retail landscapes shift, with no closing date set and early-stage redevelopment plans underway.
- On Tuesday, Macy's announced a partnership with TMG Partners to explore redevelopment of its 600,000-square-foot Union Square property at 170 O'Farrell St., with TMG conducting a strategic assessment of renovation or reuse options.
- After Macy's February 2024 announcement, the company reassessed its Union Square store amid a retail decline and zoning changes by the San Francisco Board of Supervisors in 2023.
- TMG has been active nearby, acquiring properties including 149 New Montgomery St., and Jeanine Elstor said, `I especially admire the puppies in the window`, reflecting shopper support.
- Macy's said the Union Square store will remain open for now through the end of year, holiday season and first quarter, while San Francisco Mayor Daniel Lurie called it an encouraging step for downtown.
- Given Macy's long presence and recent retail returns, the project could shape Union Square's revival as exploration includes housing and mixed uses, plus city plans to revamp Powell Street.
11 Articles
11 Articles
San Francisco Macy's holiday tradition to stay, housing could arrive to Union Square
Last holiday season, many San Francisco residents were convinced they’d seen the last Christmas celebration outside the iconic Union Square Macy’s. Now, the company has announced there has been a change of plans. Union Square and its longtime anchor Macy’s are prepping for revelers and shoppers. “I’m really excited. I really like seeing the tree in Union Square and all of the reefs in the windows,” said Emily Garcia, a San Francisco resident. “I…
abc 7 News
Channel 3000Here's the latest on Macy's future at San Francisco's Union Square
Some promising news about the future of San Francisco's Union Square. A local developer has been chosen to reshape the future of Macy's flagship store. The store has been a staple of the shopping district for than 80 years and had been slated for potential closure.
Macy’s San Francisco Union Square location to stay open, mayor says
SAN FRANCISCO (KRON) -- Macy's iconic Union Square location, which had been set to close, will now remain open indefinitely, according to San Francisco Mayor Daniel Lurie. The department store, according to a post from Lurie on his Instagram account, is partnering with Bay Area real estate developers TMG partners, to "reimagine the space." "Big news here in Union Square. Macy's and a local developer are committed to reimagining this space behind…
Macy's Not Closing Anytime Soon, Will Partner With Local Developer to Develop Union Square Property
In what surely seems like a win for downtown and for Mayor Daniel Lurie, regardless of whether he had a hand in it, Macy's has confirmed that it will not be closing its Union Square flagship store anytime soon, and will instead work with a developer to reimagine the property.
Coverage Details
Bias Distribution
- 56% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
