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IKEA owner to open its first American mall in San Francisco

Ingka Centres, a division of the Ingka Group, which owns the IKEA brand, reports that its first American mall will be launched in San Francisco in 2021.
6x6 market San Francisco

The complex, known as the 6X6 shopping center, has been added to the company's portfolio, which already includes 45 malls in 15 different countries. According to Ingka Centres Managing Director Gerard Grenier, the new facility will be an "excellent addition" to the existing ones. 

The company plans to open the mall within a year. The company plans to spend $260 million to acquire and renovate an empty building located near the heart of the city. As a result, San Francisco will also have its first IKEA store, which will play an "integral role" in the development of the mall.

The future Ingka Centres Mall has reportedly been empty since it opened in the fall of 2016. Alexandria Real Estate Equities and TMG Partners, from whom Ingka purchased the 6X6, bought the 23,000 square meters building after its previous owner was still unable to fill the space. Attempts to convert part of the mall into office space then resulted in nothing.

Meanwhile, Ingka Centres is conducting further research into the North American market to see if there are any new shopping centers in the country. At the same time, a similar analysis is also being conducted in major cities in Europe, Asia, Russia, and Oceania. According to some data, in 2019, the company owned 4 million square meters of space, visited by about 480 million people annually.

More about shopping malls in the USA

Dutch studio MVRDV has transformed an abandoned shopping center in Taiwan into an unusual public space.
In Israel, a national quarantine begins to operate again from September 18, 2020.
Shoppers will select goods from different stores in the mall on one website and then pick them up conveniently.
Sep 17, 2020, Spain:
The outlet begins its countdown and fires the starting signal during the "Digital Lighting" event.
Sep 17, 2020, China:
Maison Martell officially opened L'Atelier Martell Shenzhen - a luxury boutique where you can taste and buy exclusive varieties of cognac.
Sep 17, 2020, USA:
The new retail store layout is expected to be very convenient for quickly and safely receiving online orders.
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