The Bayfair Center mall's closure represents the decline of traditional retail spaces in the Bay Area, swiftly being replaced by tech-centric developments like the Speedway.
'It's been great because the project has a ton of good infrastructure,' said Steve Kapp, emphasizing the heavy power and air conditioning requirements for modern R&D spaces.
The Bayfair Mall, once bustling with more than 80 stores, fell victim to the rise of online retail and changing consumer habits over the past decade.
The sale of the 42-acre Bayfair property for $57 million and the subsequent redevelopment signals a broader trend in the transformation of commercial real estate.
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