Ingka Centres is starting construction on the new IKEA to open at 945 Market Street in SoMa, San Francisco. The new location is part of the company’s move away from warehouse stores to urban-center retail with delivery. GreenbergFarrow will be the project’s architect and structural engineer.
One of the first stories covered by SFYIMBY was the announcement that IKEA’s parent company, Ingka Centres, purchased 945 Market Street in SoMa for over a quarter billion dollars. Now, the property owners has filed a request for a project review meeting with the City of San Francisco. The application reveals new detail on the most significant real estate development in the Bay Area expected for 2021.
Ingka Centres has announced that they will bring IKEA into the city as the firm purchased the 6X6 Mall at 945 Market Street in SoMa, San Francisco. IKEA will be the anchor tenant, occupying 70,000 square feet, with 180,000 square feet of leasable space still available for future businesses. The move has provided hope for the city’s retail market in 2021, with work starting before the year’s end.