San Francisco mall may get 6 basketball courts, 8 volleyball courts and school
Developers have proposed transforming a shuttered San Francisco mall into a massive sports complex featuring basketball and volleyball courts, retail space, and a sports-focused high school. The project aims to revitalize the downtown property following the collapse of previous acquisition deals.
Why it matters
This proposal reflects a growing trend of repurposing struggling urban retail real estate into experiential and community-focused hubs.
San Francisco’s struggling downtown mall could get a second life as a major sports destination. The San Francisco Standard and San Francisco Chronicle report that Urban Land Development and TMG Partners have submitted a bid to transform the shuttered San Francisco Centre into a multilevel complex featuring six basketball courts, eight volleyball courts, retail, dining and a sports-focused high school. The proposal follows the collapse of an earlier deal to buy the 1.2-million-square-foot property. After its former owners defaulted on their debt, the mall was foreclosed on by lenders, while prospective buyers Presidio Bay Ventures and Prado Group later withdrew from their purchase agreement.
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