It's not the only former downtown drugstore getting creative in a down market.
The owner of a 10,200-square-foot former Walgreens at 740 Market St. has proposed converting the entirety of the space into as many as five retail suites, a potential creative adjustment to a difficult leasing environment downtown.
The conversion would seem to acknowledge the challenge of finding a tenant willing to take on the entirety of the space, which has been vacant since early March 2020. The Walgreens isn’t alone in proposing creative reconfigurations of former drugstore spaces downtown. Across the street from 740 Market St. is 731 Market St., one of six CVS stores that shuttered downtown earlier this year. Another occupying 8,638 square feet at 351 Market St. isFormer Walgreens spaces are being advertised for lease at 141 Kearny St. and 88 Spear St., as well as in the neighborhoods, at 2550 Ocean Ave.
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