From The San Francisco Standard · · 1m 10s
Seven Equity’s SF Centre Mall Plan
Seven Equity Group wants to tear down San Francisco Centre Mall for $132.5m redevelopment.
In brief
Seven Equity Group wants to tear down San Francisco Centre Mall for $132.5m redevelopment. Seven Equity Group plans to demolish San Francisco Centre Mall to build mixed-use space after buying it for $132.5m. Originally reported by The San Francisco Standard.
New Plan for San Francisco’s Dead Mall
Seven Equity Group wants to tear down San Francisco Centre Mall for $132.5m redevelopment.
Property Details
The 1.18 million-square-foot downtown property is zoned up to 400 feet.
Funding Plan
Seven Equity seeks $98.7m loan for two years with $69.2m upfront.
City Support
City says it will work with Seven Equity to clear hurdles for redevelopment.
Historic Concerns
Part of building sits on land leased from San Francisco Unified School District through 2082.
Alternative Plans
Other developers pitched a data center or soccer stadium but Seven Equity wants to build housing.
Historic Preservation
Ali McEvoy hopes to save the Emporium dome as a historical landmark.
Next Steps
Seven Equity must submit loan proposals by November 20 for redevelopment approval.
Here's the gist
Seven Equity Group plans to demolish San Francisco Centre Mall to build mixed-use space after buying it for $132.5m.
