We heard outlines of a plan a couple weeks ago by new property owner General Growth Properties (GGP) to redevelop the Macy's store at the Stonestown mall. Now the Chronicle gets a few more details about the plan, which GGP submitted to the Planning Commission and which Supervisor Norman Yee in whose district Stonestown sits already sounds in support of.
The plan involves subdividing the 286,000-square-foot Macy's building into a 12-screen movie theater (possibly of a "specialty" kind like Alamo Drafthouse where food and booze are sold?), and also bringing in assorted retail, a "collection" of restaurants, a grocery store (which would be in addition to the Trader Joe's already there), and possibly an upscale bowling alley reportedly an unnamed bowling alley chain has already expressed some interest.
The moves come after GGP closed on the purchase of this Macy's in January for $41 million as part of a larger restructuring that Macy's is doing which also includes the recent sale of their Union Square men's store. GGP already owns the rest of the Stonestown complex.
Macy's has been in this location since 1996, having taken over a space built for The Emporium after that store closed. The mall itself, originally an unenclosed strip of stores, was first opened in 1962 and underwent a major renovation in 1988 that enclosed the complex.
Daniel Sider, who advises Planning on special projects, tells the Chronicle that this move by GGP reflects a larger trend for big-box retail, saying, "As one huge box retail[er] leaves, that creates opportunities for a series of smaller retailers."
Supervisor Yee tells the Chron he thinks the project looks like a "great" idea so far. "We live in a time when a lot of retailers are not making it and have all this leftover space... It seems like [the developers] have reached out to the community and [have] come up with a vision.”
Expect Macy's to likely close sometime next year to make way for this project.