Posted by: BayAreaComRE | June 24, 2010

Is San Francisco Retail Making a Comeback? We Think So!

Big bragging rights to our C&W office here and especially Kazuko Morgan and Courtney Griffin for bringing home a monster retail deal in Union Square. The team just completed a 53,442-SF retail lease to XXI Forever. XXI Forever, a concept of the global apparel retailer Forever 21, leased space at 2 Stockton St.  The building was previously occupied by Virgin Records and represents one of the most iconic retail locations in Downtown San Francisco; it also has sat vacant for several years. The lease will commence in November of 2010, this will be Forever 21’s second location with their other flagship located at 1 Powell Street.

It’s beginning to feel like the “down in the dumps” retail market is making a comeback, especially in the neighborhood’s in and around San Francisco.  Michael Minna picked up the Aqua lease and will be re-branding the marquis location into his SF headquarters. Tyler Florence, of the Food Network,  just opened Wayfare Tavern, “inspired by the city’s Barbary Coast era. A working fireplace topped with a stuffed mammal head is slated for the ground floor, just past the raw bar and open kitchen. The second floor will feature a billiards room; in the adjacent alley, Florence plans a beer garden (thanks SF Gate).”  Also, Union Street in the Marina has had a slew of new openings in the past months including Roam, our friends at The Brick Yard, Marengo on Union, the shinny black Cafe Des Amis,  and Unwind on Union. The area was beginning to look like a hazardous zone with all the boards and for lease signs, but these openings have truly breathed new life into the area.

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Responses

  1. New openings, new hope. Looking forward to the opening of Prospect.

    Check out my review of Wayfare Tavern and coming reviews of Roam, Marengo, and The Brick Yard.

    http://clubdinein.wordpress.com/2010/06/25/tyler-florence-wayfare-tavern/

  2. Great content Nimisha!

    ps we added you to our blogroll, something a little different, but pertains to real estate so you’re in!


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