San Francisco's mayor Thursday proposed remaking the city's struggling downtown by tearing down abandoned retail space, including the city's Westfield mall, and building new structures to reshape the struggling city.
"We can't completely rely on retail in downtown restricting what happens in downtown anymore," Mayor London Breed Breed's comments come as San Francisco faces empty offices, a cratering commercial real estate market, and an exodus of retailers from its once-bustling downtown area, especially as pandemic work-from-home policies saw many residents leaving for less expensive parts of the country.
Breed argued that an overall shift to online shopping post-pandemic has contributed to declining foot traffic in the area. "We can even tear down the whole building and build a whole new soccer stadium. We can create lab space or look at it as another company in some other capacity," she added., the San Francisco Centre, back to its lender. The mall operator cited the"challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic."
Breed called on businesses to reinvest in the city's community and"be even more creative" in thinking about ways to use space.
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