Malls · California
San Francisco Centre
San Francisco Centre mall faces foreclosure, with lenders set to sell to Presidio Bay/Prado Group for office‑retail reuse and future · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile7 elements · what this retrofit is built with · tap a chip for the evidence
Auction
This site: research-deals · all sites with thisForeclosure or REO
This site: research-deals · all sites with thisSold since 2020
This site: 2026 Presidio Bay / Prado Group research-deals · all sites with this3+ other atlas sites within 10 km
This site: 5 within 10 km computed · all sites with thisCounty lost 10%+ of retail establishments since 2012
This site: -19% census-cbp · all sites with thisCounty typical rent $2,000+
This site: $4,784/mo zillow · all sites with thisShrinking county
This site: -3.9% census-acs · all sites with thisNow
| Status | Operatingpublic reporting reported |
|---|
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2026-03 | Sold · REO | — | Presidio Bay / Prado Group ← Lenders (post-foreclosure) | sfstandard.com 2026-03-04 |
| 2025-11 | Auction · foreclosed | $133.0M credit bid | Lenders (credit bid via affiliate) ← Unibail-Rodamco-Westfield / Brookfield (prior owners) | The Real Deal 2025-11-12 |
Securitised debt and public filers
Filings (2001 to date) that name “San Francisco Centre” and “San Francisco” (894 hits, first 100 sampled). Common name: these matches are unreliable. Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2016-08-11 (a sample date, not the issuance date); candidate loan vintage 2016 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (weak) | JPMCC Commercial Mortgage Securities Trust 2016-JP3 | 22 | 2016-09-30 to 2026-03-20 | 10-K 20, 8-K 2 |
| CMBS trust (weak) | JPMDB Commercial Mortgage Securities Trust 2016-C4 | 21 | 2016-11-22 to 2026-03-18 | 10-K 20, 8-K 1 |
| CMBS trust (weak) | CD 2016-CD1 Mortgage Trust | 20 | 2016-08-25 to 2026-03-18 | 10-K 17, 8-K 2, 10-K/A 1 |
| CMBS trust (weak) | DBJPM 2016-C3 Mortgage Trust | 19 | 2016-08-11 to 2026-03-23 | 10-K 17, 8-K 1, 10-K/A 1 |
| CMBS trust (weak) | COMM 2016-COR1 Mortgage Trust | 18 | 2016-10-20 to 2026-03-17 | 10-K 17, 8-K 1 |
Site context
| Housing permits, San Francisco County (CA), 2024 | 705 units in 5+ unit buildings, 38 in 2–4, 27 single-family; 2023: 1,076 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 5 within 10 km, 15 within 25 km: Westfield San Francisco Centre (0.1 km); Stonestown Galleria mall (0.4 km); 490 South Van Ness (2.3 km); 899 Valencia (3.1 km); 1198 Valencia (3.6 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 30,800 jobs in 2,658 establishments; average annual pay $82,963; employment location quotient 0.45; employment -5.7% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 10,107 jobs; 2,136 in retail trade, 1,318 in accommodation and food (workplace blocks summed to tract 06075017602)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 48th income percentile as adults; 2.2% incarcerated at the 2010 count (453 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | not a low-access tract at 1 mile; poverty rate 23.0%; median family income $66,154; 593 SNAP householdsUSDA ERS |
| Schools | San Francisco Unified School District (KG-12); 11 public schools within 1 mile: Five Keys Charter (SF Sheriff's); Five Keys Independence HS (SF Sheriff's); Carmichael (Bessie)/FEC; Lee (Edwin and Anita) NewcomerNCES EDGE |
| Elevation | 36 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 103 county-logged events: 78 flood, 10 hail, 6 lightning, 4 heavy rain; $120 property damage reported; 1 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 94103, 2026-09 | median list price $749,000 (-13.8% on the year); 60 active listings; median 61 days on market; 6% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 2,908 establishments (-19%); 41,993 jobs (+1%)Census CBP |
| Housing market in the county | typical home value $1.4M (+16% 1 yr, +3% 5 yr); typical rent $4,784/mo (+26% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 18,523 vehicles a day (minor arterial, 1 lanes); 28 counted segmentsFHWA HPMS |
Summary, model-written
San Francisco Centre opened as a mall (opening date not recorded) and has remained operating. It experienced a foreclosure auction in November 2025, after which lenders took ownership, and is slated for sale to Presidio Bay/Prado Group in March 2026 for conversion to office space with some retail preserved.
Why. The record cites a distressed loan or foreclosure as the opportunity reason, and the deals show a lender‑initiated auction followed by lender ownership and a pending sale, indicating financial distress as the primary cause.
Where it stands. The site is currently operating and controlled by lenders (post‑foreclosure), with a pending sale to Presidio Bay/Prado Group.
For a planner
- No policy tools or precedents are stated in the record.
- Open questions include timing of redevelopment, entitlement approvals, community impact, and zoning compatibility.
- Key details such as site size, anchor tenant history, and current occupancy are missing.
For a developer
- Site size is unknown from the record.
- Control is presently with lenders; pending sale to Presidio Bay/Prado Group.
- Entitlement stage: planned office with some retail preserved (per deal notes).
- No context‑layer constraints (flood, transit, environment) are provided.
- No tract‑level market signals are included in the record.
What we do not know yet
- Opening date and original size are not recorded.
- Anchor tenant losses and current occupancy levels are unknown.
- Zoning, environmental, flood, and transit constraints are not specified.
- Verification status is 'draft' and only one source is cited, indicating thin data.
- Future entitlement process and community response are not described.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Elsewhere on the web
Pages with photos
- CBRE to Market Landmark San Francisc… cbre.com
- San Francisco Centre, a Once-Mighty 1.5 Million-Square-Foot … wrenews.com
- Buyers selected for downtown SF’s shuttered shopping mall sfchronicle.com
- San Francisco Centre — Stores, Map & Hours | Occupi getoccupi.com
- Revival of Former Westfield San Francisco Centre Under New Ma… cremarketbeat.com
- What Should Replace San Francisco Centre? | KQED kqed.org
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- county shrank -3.9% 2018–23
- median rent $2,419
- distressed loan or foreclosure
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| County | San Francisco County |
|---|---|
| Census division | 9 · Pacific |
| Notes | Record created from a 2024+ transaction, listing or loan report; no retrofit recorded. |
Not yet recorded: acres, GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- Lenders Buy San Francisco Centre Mall at Auction · 2025-11-12
1 quoted sentence
Lenders Buy San Francisco Centre Mall at Auction