KG Growth Partners weighs data center at closed San Francisco Centre mall
The firm asked the city about permitting for 845 Market Street in June; San Francisco approved a 45-day data center moratorium this month.
At a glance
KG Growth Partners is evaluating the former Bloomingdale’s space at San Francisco Centre Mall as a data center serving an unnamed AI lab, the firm told Data Center Dynamics.
San Francisco officials approved a 45-day data center moratorium earlier this month to give planners time to study data centers’ effects on communities.
KG Growth Partners is evaluating the former Bloomingdale’s space at San Francisco Centre Mall as a data center serving an unnamed AI lab, the firm told Data Center Dynamics. The San Francisco Chronicle first reported the interest.
In June the firm asked San Francisco planning officials about data center permitting for 845 Market Street, a 350,000 sq ft portion of the mall owned by Macy’s. The firm said it was working with an unidentified potential buyer, and a deal for that portion could be valued around $40 million, according to Data Center Dynamics. No application has been filed with the city, and it is unclear whether any sale has closed. The proposal would also include offices and a public AI exhibit.
San Francisco officials approved a 45-day data center moratorium earlier this month to give planners time to study data centers’ effects on communities.
The nine-story mall opened in 1988 and closed in January 2026, after Nordstrom left in 2023 and Bloomingdale’s in 2025; the site totals 1.8 million sq ft. Prado Group and Presidio Bay Ventures agreed this year to buy the mall, but that deal collapsed when they could not renegotiate a long-term ground lease with the San Francisco Unified School District, which owns part of the land beneath it.
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