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Owner of Manhattan's Chelsea Market Acquires Ghirardelli Square Retail

Melanie Wong Sep 25, 2013 12:10 PM

He said the property "offers a opportunity to create a touch point for a modern food culture that was largely created in San Francisco.”

http://www.bizjournals.com/sanfrancis...

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    Lisa S. RE: Melanie Wong Sep 26, 2013 01:31 PM

    Chelsea Market is probably most akin to Ferry Building in S.F. food terms. Don't see Ghirardelli ever being that sort of foodie destination. Chelsea market is centered in upscale, sophisticated business and residential demographics with the "tourist" element drawn by the High Line also in that mold. Ghirardelli is more in the Times Square mass market tourism mold, and too profitable to change much I'm guessing.

    2 Replies
    1. re: Lisa S.
      Robert Lauriston RE: Lisa S. Sep 26, 2013 04:31 PM

      That article says that Ghirardelli is only 55 percent occupied.

      1. re: Lisa S.
        soupçon RE: Lisa S. Sep 26, 2013 07:56 PM

        As RL pointed out, Ghirardelli Square is under-utilized and hardly profitable. I think Ghirardelli has potential as a destination for locals. The center of gravity for Fisherman's Wharf tourism is well over toward Pier 39, and Ghirardelli is almost off the edge of the Fisherman's Wharf earth, touristically speaking. Remember, Cecilia Chang's Mandarin was there, as well as Ana Mandara, and Gary Danko was developing a second restaurant there when the economy tanked.

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