BARNEYS NARROWS SF SEARCH

NEW YORK — Barneys New York, which has been looking for a San Francisco location for almost two years, has narrowed its search to two sites in the Union Square vicinity, according to Charles Bunstine, Barneys’ president.
Bunstine, who was en route to San Francisco Tuesday afternoon to work on a real estate deal, said, “We have already worked with [mayor-elect] Willy Brown. I met with him, and he has a very good plan for the city. He wants to do a lot to bring it back to where it was.”
Bunstine said Barneys has two sites in mind.
“One is kind of in the works, and there is another that people are trying to get us to look at.”
Both are in the Union Square area but not directly on Union Square. Barneys wants to open a 150,000-square-foot store in San Francisco, about the same size as its Los Angeles flagship.
Barneys was close to finding a location last January, when it was considering the I. Magnin building on Union Square. Magnin’s, which was acquired by Federated Department Stores as part of its merger with R.H. Macy & Co., was shuttered by Federated, but the company decided to keep the building for a Macy’s home store.

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