https://www.siliconvalley.com/2022/07/11/prime-downtown-palo-alto-retail-site-buy-real-estate-develop-covid/

PALO ALTO — A building at a prime downtown Palo Alto site has been bought by a busy developer, a deal that could provide clues about the strength — or weakness — of the retail strips in Silicon Valley’s downtown markets.

At present, Restoration Hardware occupies the property, a University Avenue retail operation that’s been a downtown Palo Alto fixture for a number of years.