There are a lot of business that have come and gone in the Metreon complex, aka the Retail Kiss of Death. But Mayor Gavin Newsom has recently approved one retail behemoth that just may be here to stay: Target. It will be San Francisco’s first store of the national Minneapolis-based retail chain. And according to the Mayor’s office, it will “create 700 permanent jobs and 600 construction jobs and an estimated $15 million annually in benefits to the city through sales and real estate taxes.” Do I here an outcry from downtown NIMBYs?
Personally, I think this move is going to create a traffic nightmare in an already congested corridor. What is not clear from the press release is whether the The Westfield Metreon Center is going to create more parking (and where?). The Mayor’s office reports that, “In addition to Target, Westfield will triple the size of the Metreon food court from 110 to 470 seats, and build a new dining terrace overlooking the Yerba Buena gardens. Westfield is investing $30 million in the changes, and expects to generate approximately 775 construction jobs and up to 300 permanent jobs with new tenants other than Target.” Construction will begin in January 2011. So get ready for some cheap deals soon.
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