Stonestown Galleria Macy's Could Be Turned Into Entertainment Complex
Another Bay Area mall could soon have an entertainment complex. General Growth Properties filed plans to turn the Macy’s building at Stonestown Galleria into retail, restaurants and a movie theater with up to 12 screens, the San Francisco Chronicle reports. The owner bought the building in January from Macy’s for $40M. While Macy’s has yet to announce a closure at this building, experts expect the store to close in 2018.
Macy’s also sold its Men's store in Union Square for $250M in late 2016 to Morgan Stanley, which has plans to turn the 250K SF building into a mixed-use development with office, retail and restaurant space. The project is expected to be completed in 2021.