San Francisco Centre could be torn down for new development
San Francisco Chronicle · Aidin Vaziri, Laura Waxmann ·
New York investment firm Seven Equity Group is reportedly pursuing a ground-up redevelopment of San Francisco Centre.
San Francisco’s shuttered downtown mall could be headed for a dramatic reset.
New York investment firm Seven Equity Group, which has been selected to buy most of the San Francisco Centre, is considering demolishing and rebuilding the roughly six-acre property as one of several potential business plans, real estate insiders confirmed to the Chronicle.
Seven Equity has not yet closed on the transaction. The firm still needs to raise the funds to complete the acquisition, while also securing financing for its potential redevelopment.
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