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Developer Buys Prominent Bay Area Retail Center With Plans for Transformation

CenterCal Properties Scoops Up Outdoor Complex for $90.5 Million
The Bay Street shopping center in Emeryville, California, has traded hands after several years worth of high tenant turnover, including the recent closing of a Banana Republic location. (CoStar)
The Bay Street shopping center in Emeryville, California, has traded hands after several years worth of high tenant turnover, including the recent closing of a Banana Republic location. (CoStar)
CoStar News
May 27, 2021 | 9:42 P.M.

A retail developer is diving back into the Bay Area's beleaguered real estate sector in a bet on consumers returning to public spaces for eating, shopping and fun, as signs of an imminent turnaround are beginning to slowly attract pandemic-wary investors.

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