Exclusive: S.F. developer eyeing Bay Area Macy’s site for new housing development

A Marin County town is counting on the revival of a defunct Macy’s department store that sits dark within a sprawling shopping center to help meet its housing goals.

And, an influential San Francisco developer could be planning to step into what would be a major redevelopment play for Corte Madera. According to real estate insiders and town officials, Prado Group has been involved in preliminary talks around a mixed-use development at the site.

A source told the Chronicle that the developer is now “in charge” of the property at 1400 Redwood Hwy., a 7.5-acre site located within the Village at Corte Madera shopping center, though the Chronicle could not independently verify this information. The site is owned by Macy’s, and includes a 100,000-square-foot retail box where the retail giant closed its department store earlier this year, as well as a surface parking lot…

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