While Target has been in negotiations with the Metreon, and eyeing the proposed CityPlace, the retailer is reportedly seeking entitlements to open a 100,000-square-foot store at Geary and Masonic (think Mervyns and Good Guys). From the Business Times:
A lease with Target has not yet been signed, but talks have progressed far enough that both parties are comfortable discussing the deal publicly, according to sources involved in negotiations. The owner of the property at the corner of Geary and Masonic Avenue, KLA Geary LLC, has approached city planners and district supervisors to gauge support for the project. As a formula retail business, Target requires a conditional use permit in order to open. In addition to the empty Mervyns, Target would occupy a portion of the former Good Guys, which was shuttered in late 2005.
Assuming limited opposition (cough) and a relatively smooth approval process (double cough), a Target could be up and retailing at Geary and Masonic by 2012.
∙ One Word: Target. Okay, Four: Target At The Metreon? [SocketSite]
∙ T-Minus Two Days To CityPlace (935-965 Market) Commission Vote [SocketSite]
∙ Target sets bull’s-eye on Geary Blvd. site [San Francisco Business Times]