US malls seek to evolve amid pandemic-induced retail overhaul
Only about 200 of the strongest malls will be left by 2030, observers say
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San Francisco
IN SOUTH-WEST San Francisco near San Francisco State University and championship golf courses, Brookfield Properties is redeveloping its Stonestown Galleria in perhaps the most disruptive retail environment in modern times.
Macy's vacated the mall in 2018, and Nordstrom followed about 18 months later. Now, global real estate developer and manager Brookfield is spending US$149 million to reconfigure the 804,000-square-foot property, adding a Whole Foods, a healthcare provider and a Sports Basement sporting goods store, while expanding an existing Target and relocating a stand-alone Regal Cinemas to inside the mall.
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