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Commission approves office allocation at 48 Stockton to revive Union Square retail core
Summary
The commission approved a conditional use authorization to convert Floors 3–6 of 48 Stockton (formerly Barney's) to office use while preserving active retail at street level; the Union Square BID supported the plan as a pragmatic reuse to reactivate the shopping district.
The Planning Commission voted unanimously on April 15 to approve a conditional use authorization and small-cap office allocation to convert the upper floors of the historic 48 Stockton building to office use, while preserving retail on the first two floors.
Strata Investment Group (sponsor) argued that Union Square’s multilevel retail market is weak, vacancy rates in the district had risen — citing a 13.6%…
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