SUNNYVALE — Macy’s will soon close its store in downtown
Sunnyvale amid an ongoing brick-and-mortar retail apocalypse, but
the property’s owners are already eyeing ways to fill the big
site with new retailers, developers said Tuesday.
The 177,000-square-foot Macy’s building was bought in 2018 by
a joint venture of developers Hunter Storm and Sares Regis Group of
Northern California, which acquired it from Sand Hill Properties.
The new owners anticipated that at some point the Macy’s store
would close its doors.
The store site, located on West Washington Avenue between South
Murphy Avenue and South Taaffe Street, will be redeveloped as part
of the CityLine Sunnyvale project, an ambitious mixed-use
development that bids to bring far-reaching changes to downtown
AMC Theaters and Whole Foods are two notable early anchors for
the new complex of retail, entertainment venues, homes and office
spaces that are being planned for CityLine Sunnyvale.
Source: FS – All – Real Estate News 1
Macy’s will close downtown Sunnyvale store within months, new retail will replace site