The San Francisco Centre mall has lost another major tenant as Burke Williams Day Spa announced it will be leaving the property on April 28.
The San Francisco Chronicle reports Burke Williams’ 16,000-square-foot spa, the largest in San Francisco, has been a tenant of the mall since 2006. Company president Bill Armour announced the “difficult decision” to close the location was due to a “direct result of the city’s failure to address the deterioration of safety” in the Downtown area.
Burke Williams’ departure comes a few weeks after Bloomingdale’s announced it would be shuttering its 339,000-square-foot flagship store in March. The 1.5 million-square-foot mall began to experience an exodus of tenants when Nordstrom closed its 312,000-square-foot flagship store in 2023. Other retail tenants who left include Adidas, American Eagle, Hollister and J. Crew, while the mall’s 52,000-square foot Cinemark Century 9 movie complex also shut down.
In summer of 2023, mall operator Unibail-Rodamco-Westfield and Brookfield Asset Management stopped making payments on a $558M CMBS loan backed by the property. The mall is now being operated by Trident Pacific, a court-appointed receiver. The mall is now more than half-vacant.
Guessing California’s laws regarding walking out of a store with under 1k in merchandise is not a punishable crime isn’t working. California is turning into a great example of “what not to do” in so many ways.