Business Reporter

Kevin V. Nguyen

The Metreon, known for its Target store and IMAX theater, is expected to be sold this year to a local real estate group. 

Policymakers have pitched updates to the planning code, rezoning Union Square and making pop-ups in vacant storefronts easier.

The mall was rocked by an announcement in May that Nordstrom would not renew its lease and has faced declines in foot traffic and sales.

The mayor wants to cut funding for economic development programs. Can his friends in the business community be trusted to pick up the slack? 

As opposed to the San Francisco Centre, which has become a symbol of urban retail’s decline, the Metreon is nearly 92% leased. 