You can’t blame San Francisco conditions for the closure of Forever 21 in Union Square, at Stockton and Market Streets. The clothing label was careening into financial ruin, and declared bankruptcy in 2019. Like the Virgin MegaStore that was there before it, the brand itself fell on hard times.
But sweet times are ahead for that space. The San Francisco Business Times reports that the empty space will soon have the candy store It’Sugar as their new tenant.
"It's one of the most visible corner locations in all of downtown San Francisco, really the entrance to Union Square," Kazuko Morgan, executive vice chairman of the building’s owner Cushman & Wakefield, told the Business Times. "It was very important to me and the ownership to have it activated even if it's short-term."
Yeah, about that short term. As SF YIMBY describes, there are plans afoot to make it an office space. Construction is expected to start in 2023, so It’Sugar will occupy the space perhaps until then.
There is already one SF It’Sugar location in Fisherman’s Wharf, and about 100 of them nationwide. But the Union Square will be an especially "interactive and immersive" location, according to Morgan, not unlike the amusement park feel of the old Union Square FAO Schwarz that used to be up the street.