SF’s IKEA Urban Mall Opening in 2023
Thanks to SF Chronicle for sharing the news that the long-awaited San Francisco IKEA is finally opening on Market Street in 2023. It’s been more than two years since the vacant 6×6 Mall at 945 Market Street was purchased for $198 million. The building has sat unused since completed in 2016, according to the Real Deal.
Ingka Centres says “We are creating a unique concept that will be a mix of retail offer, office space, food & beverage, entertainment and digital experiences. Market Street is known for its shops, restaurants, hotels, and nearby offices. Ultimately by redeveloping this building, we will, together with IKEA, create a new meeting place for this exciting neighbourhood in San Francisco.”
The build-out of the 250,000-square-foot vacant space started in August. The new shopping center, which will be branded as Livat, is planning to open in the fourth quarter of 2023. The key feature of the mall will be the new 87,000 square feet IKEA, which is about 20% of the size of the company’s typical stores. It’s not yet been announced what other tenants will be occupying the space, but 47,000 square feet is zoned for office space. It’s been reported that Industrious, a co-working space will be moving into the 5th floor. Also, The Puttery, a mini golf chain, may also be moving in.