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Tokyo Central opening caps CenterCal’s transformation of Bay Street from 30% vacant to nearly full Jason Leake January 30, 2026

Tokyo Central opening caps CenterCal’s transformation of Bay Street from 30% vacant to nearly full

When Tokyo Central opens on Saturday morning at Bay Street Emeryville, it will mark the end of a yearslong saga to establish a supermarket anchor for the mall.

Crucially, though, it’s also giving Bay Street’s owner-developer, CenterCal Properties, a chance to remind the community of everything it’s built around the store.

Since acquiring the struggling Bay Street site in mid-2021 for $90.5 million and spending more than $70 million in renovations, CenterCal has transformed the property from 30% vacant to two spaces shy of full occupancy as a thriving lifestyle center.

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