SAN FRANCISCO - The future of Macy’s flagship store in San Francisco’s Union Square is becoming clearer, more than a year after the retailer announced it was leaving.
Macy’s partners with TMG
What we know:
Macy’s said it has entered an agreement with real estate development firm TMG to determine the path forward and how to revitalize the location, as first reported by the San Francisco Chronicle.
The partnership comes after Macy’s announced in 2024 that it planned to close the Union Square location along with 149 other stores nationwide, citing shifts in the retail landscape.
Exploring new uses for the landmark property
What's next:
Under the new agreement, TMG will work with Macy’s to identify potential new uses for the more than 600,000-square-foot property.
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