Beset by rising crime, empty offices and fewer shoppers, more big retailers — including Nordstrom, Old Navy and Whole Foods — are fleeing or have already abandoned troubled downtown San Francisco.…
Beset by rising crime and fewer shoppers on once-busy city streets, major retailers are leaving their broken hearts in downtown San Francisco.
At least 22 big-name businesses have closed or announced plans to flee the area around San Francisco’s Union Square since January 2022, including trendy retailers like Anthropologie, Banana Republic and Crate & Barrel, as well as the investment firm that owns two of the city’s biggest hotels.. Some 203 retailers were operating in and around Union Square pre-Covid; as of May, only 107 were left.
The commercial chaos will continue in coming weeks, with brands like AT&T, Nordstrom, Coco Republic and Old NavyThe most significant casualty — the Westfield San Francisco Centre — came last week as the mall’s operator In the past 18 months, 22 major retailers and hoteliers have fled San Francisco’s downtown.
Westfield stopped making payments on its $558 million loan for the 1.2-million-square-foot Market Street retail hub and began transferring control this month, as firstThe mall’s exit is the latest in a series of setbacks in the shopping district, where Nordstrom will shutter two stores — an anchor in the mall as well as a Nordstrom Rack across the street — this summer,San Francisco’s lone Crate & Barrel, at 55 Stockton Street in Union Square, closed in March 2022.
Some 77% of San Francisco residents believe the city’s on the wrong track and just 30% said they felt safe at night downtown,
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