In the midst of a pandemic, a troubled mall project in San Francisco has a new owner, through a deal that could rejuvenate a stretch of Market Street.
Ingka Centres, the mall owner division of IKEA’s parent company, has purchased San Francisco’s long-vacant 6X6 shopping center, in a rare sign of retail expansion in the struggling Mid-Market district.
The beleaguered 6X6 mall at 945 Market St. has sat empty since it opened in fall 2016, grappling with diminished demand from retailers and nearby drug use and dirty street conditions. Its only active business has been a 167-space parking garage.
Source: San Francisco Chronicle
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