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Redevelopment deal for San Francisco’s padlocked downtown mall falls through

Presidio, Prado pull out of purchase of city’s largest shopping center
The nine-story San Francisco Centre occupied a prominent spot in the city’s emotional history for decades. (CoStar)
The nine-story San Francisco Centre occupied a prominent spot in the city’s emotional history for decades. (CoStar)
CoStar News
July 10, 2026 | 10:44 P.M.

Developers have pulled out of a high-profile deal many San Franciscans had hoped would grant a second life to the massive shopping mall in the heart of the city that closed earlier this year after years of losing tenants and foot traffic.

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