Out of fashion: Prada ditches headquarters - San Francisco - MSNBC.com
By Lizette Wilson
San Francisco Business Times
Updated: 8:00 p.m. ET July 17, 2005
A British real estate group has purchased 185 Post St. from Prada for roughly $11 million and plans to overhaul the eyesore located one block from Union Square.
Grosvenor Group's purchase officially kills Prada's plans to establish its West Coast headquarters with a 10-story, modernist structure designed by Rem Koolhaas at the corner of Grant and Post streets.