Macy’s has reached an agreement to form a venture with TMG Partners to explore the future potential of its historic Union Square property in San Francisco. The effort is part of Macy’s ongoing strategy to evaluate compelling options for its real estate portfolio.
TMG Partners will work with Macy’s in conducting a strategic assessment of the property, including exploring adaptive reuse and potential enhancements that align with the needs of today’s office workers, residents, visitors, retail and local businesses.
While the partnership between Macy’s and TMG Partners is in the early stages, the company’s flagship store remains open to serve customers daily.
