# Once-popular shopping mall that thrived in the 90s before famous brands ditched it in droves is finally shutting down after $135m sale… and it’s set to be completely transformed

- URL: https://talkfuse.com/story/once-popular-shopping-mall-that-thrived-in-the-90s-before-famous-brands-ditched-it-in-droves-is-finally-shutting-down-after-135m-sale-and-its-set-to-be-completely-transformed/
- Published: 2026-08-01T11:21:20+00:00
- Updated: 2026-08-01T11:34:04+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16017023/shopping-mall-sale-transformation.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Americas, Art, Business, Culture, Markets, World

## Key points

- San Francisco Centre has closed after years of retailer departures.
- Lenders acquired the mall through a $135 million foreclosure sale.
- The site is expected to be redeveloped for new uses.

## Summary

San Francisco Centre, a major downtown shopping mall that was once a prominent retail destination, has closed after years of declining trade and tenant departures. Its closure follows a $135 million foreclosure sale and signals a broader effort to repurpose a large, struggling retail property in the city centre.

The mall’s value had fallen sharply from an estimated $1.2 billion in 2016, while occupancy dwindled as prominent retailers, including Nordstrom, left. The new owners are expected to pursue a major redevelopment, potentially converting the site into a mixed-use destination rather than restoring it as a conventional enclosed mall.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.