AT&T is the latest retailer to announce they are vacating a prime real estate location in San Francisco near Union Square.
The telecommunications giant on Thursday said they will close their flagship store located at 1 Powell Street near Market Street on August 1.
The reasoning behind the closure may sound like a broken record by now. The Powell Street area has already lost several major retailers, including Old Navy, H&M, and Uniqlo. has been well documented. through a nonprofit organization that seeks to transform some of these vacant spaces. The suggestion that there should be more conversions to housing units in the downtown area has also recently gained momentum. Roadmap to Downtown San Francisco's Future.
"Working together with President Peskin and the Board, we are creating more opportunities to fill empty storefronts and underutilized buildings, whether that’s by creating much needed housing or trying out new ideas for businesses and event spaces that will invite people back Downtown. We need to make the process easier for getting our buildings active and full," Breed wrote in a statement this week.
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