Westfield will walk away from its namesake retail property, the Westfield San Francisco Centre, ceasing payments on a $558M loan on the mall and inflicting yet another wound on the struggling downtown San Francisco.
Westfield cited the recently announced Nordstrom closure, declining foot traffic, a decrease in sales volume and concerns about the safety and cleanliness of the streets in proximity to the downtown mall at 865 Market St., according to the San Francisco Chronicle, which broke the story Monday. 
“For more than 20 years, Westfield has proudly and successfully operated San Francisco Centre, investing significantly over that time in the vitality…