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SAN FRANCISCO ( KGO ) -- Some promising news about the future of San Francisco's Union Square. A local developer has been chosen to reshape the future of Macy's flagship store. The store has been a staple of the shopping district for than 80 years and had been slated for potential closure.

There are so many reasons people love to come to Union Square around the holidays. Some of it has to do with Macy's.

"It's a great anchor of the store," said Jeanine Elstor, a Bay Area resident. "I especially admire the puppies in the window."

Last year, Macy's announced it would close its flagship store in Union Square.

But big news and new hope for positive changes to come.

TMG Partners--- a real estate investment and property management firm --has come to a

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