Metreon's transformation (2023-2026)
The Metreon mall, located near SF Centre, was struggling with high vacancy. TMG Partners bought the property in 2025 and began redeveloping it, shifting away from a pure-retail model.
The Metreon is now a destination with a mix of retail, entertainment, and experience-based tenants.
It serves as a template for how a large-format mall in downtown San Francisco can be successfully repurposed.
TMG Partners, a key bidder for SF Centre, owns the Metreon. This gives them a direct, recent example of how to handle large-format retail properties in the same neighborhood.
