Westfield Pulling Out of Downtown SF

https://www.kron4.com/news/bay-area/westfield-pulling-out-of-downtown-san-francisco/

by Ozzie_osman • 3 years ago

16 2 3 years ago

We have seen a significant decrease in total sales at San Francisco Centre from $455 million in 2019 to $298 million in Dec 2022 YTD, a period where Westfield Valley Fair in neighboring San Jose experienced a +66% increase in sales

Didn’t the Valley Fair mall finish a massive renovation/expansion during that period? It’s a weird comparison to make. Obviously sales are greatly improved when shoppers don’t have to walk through a construction zone anymore.

jmccaf• 3 years ago

Valley Fair did complete a major renovation about by December 2022, and I agree that is a glaring omission in Westfield's PR statement.

It doesn't refute that Westfield Valley Fair is booming and bustling, since the renovation. I live in Santa Clara like 1 mile from Valley Fair, and visit frequently to shop for gifts. Subtly, completing the renovation improved the pedestrian circulation in the mall, there aren't dead-end wings now.

Valley Fair is very busy, like many people there on any weekend and most evenings, but not inconveniently so. Busier than any other commercial venue I've seen post-pandemic. On weekends some restaurants there have long lines that I don't understand to wait in, I'll go eat later at a neighborhood restaurant.

The slow driving traffic that I've encountered is when I leave at 9pm when the mall closes and there is mass exit. I could the 1 mile too, or bike or scooter, but I often drive.

Westfield Pulling Out of Downtown SF

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