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San Francisco’s troubled Westfield San Francisco Center mall has closed its doors earlier than expected.
The city’s largest shopping mall, which has seen a chain of merchants leave in recent months, closed on Saturday, two days early, according to the San Francisco Chronicle.
A “closed until further notice” sign has been placed in front of the entrance to the once bustling mall, the store reported.
An employee at the mall’s last remaining location, an Ecco shoe store, told the store that the store and the mall were closing permanently earlier than expected.
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Tenants, including its stores, have been packing up and leaving the mall in recent years with a number of brands leaving in the past few months.
Shoppers leave the Westfield San Francisco Center on April 13, 2022, in San Francisco, California. (Photo by Justin Sullivan/Getty Images)
In early December, Shake Shack confirmed it was closing its store inside the mall as new owners took over.
Apply by Nov. 25 and civil service officials revealed that the fast food chain will permanently close its location inside the Westfield San Francisco Center on Market Street on Dec. 14, a move that will affect 26 employees.
Shake Shack told FOX Business that the San Francisco Center, plagued by rising vacancies and a string of large retailer departures, has been sold to a new owner that requires all tenants to move out.
The remaining tenants were also given notices from the property management’s legal counsel, informing them that their leases had been “cancelled” by the recent change in ownership, and they needed to vacate immediately, according to the San Francisco Business Times.
Signs are posted outside the Westfield San Francisco Center on April 13, 2022, in San Francisco, California. (Photo by Justin Sullivan/Getty Images)
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The new owner of this mall is an LLC known as DBJPM 2016-SFC Emporium. The new owners took control following a foreclosure auction on Nov. 12 that transferred the property to its previous owners, Unibail-Rodamco-Westfield and Brookfield Properties, reports The Real Deal. I default previous owners with a loan and successfully moved to the site in 2023.
Between 2020 and 2023, the mall lost 46% of its stores, the San Francisco Standard reported. That includes anchor department store Nordstrom, which announced in 2023 that it will close both of its downtown San Francisco locations, including its flagship store inside the Westfield San Francisco Center.
Shoppers inside the Westfield San Francisco Center shopping mall in San Francisco, California, on June 13, 2023. (David Paul Morris/Bloomberg via Getty Images)
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The mall’s other tenant, Bloomingdale’s, left by early 2025. Mall tenants are key to the mall’s success because they are traffic engines. When anchors close a store, it undermines the viability of the remaining stores because foot traffic drops dramatically.
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