Stoneridge Shopping Center is an upscale major shopping mall in
Pleasanton, California
Pleasanton is a city in Alameda County, California, United States. Located in the Amador Valley, it is an upscale suburb in the East Bay region of the San Francisco Bay Area. The population was 79,871 at the 2020 United States census, 2020 cens ...
. The mall is managed and co-owned by
Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indian ...
, and is adjacent to
Interstate 680. The mall features
JCPenney
Penney OpCo LLC , Trade name, doing business as JCPenney (colloquially Penney's and abbreviated JCP) is an American department store chain store, chain with 649 stores across 49 U.S. states and Puerto Rico. It is managed as part of the Catalys ...
and
Macy's
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. The first store was located in Manhattan on Sixth Avenue between 13th and 14th Streets, south of the present-day flagship store at Herald Square on West 34 ...
and
Macy's Women's Store.
History
The mall opened in 1980 and is part of the larger Stoneridge master planned neighborhood originally developed by Stoneson Development Corporation, whose founders also developed Lakeside Village and
Stonestown Galleria
Stonestown Galleria is a shopping mall located in San Francisco, on the West Side (San Francisco), West Side of the city It is located immediately north of San Francisco State University and near the former campus of Mercy High School (San Fra ...
in nearby San Francisco after World War II.
The mall itself was developed by
A. Alfred Taubman
Adolph Alfred "Al" Taubman (January 31, 1924 – April 17, 2015) was an American businessman, investor, and philanthropist.
In 2002, he was convicted for a price-fixing scheme involving the top two auction houses in the United States.
Early li ...
, who also developed several other shopping malls in the Bay Area, including
Eastridge Mall in San Jose,
Hilltop Mall in Richmond and
Sunvalley Mall in Concord. The original anchor tenants were
Macy's
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. The first store was located in Manhattan on Sixth Avenue between 13th and 14th Streets, south of the present-day flagship store at Herald Square on West 34 ...
,
Emporium-Capwell, and
JCPenney
Penney OpCo LLC , Trade name, doing business as JCPenney (colloquially Penney's and abbreviated JCP) is an American department store chain store, chain with 649 stores across 49 U.S. states and Puerto Rico. It is managed as part of the Catalys ...
.
Nordstrom
Nordstrom, Inc. () is an American Luxury goods, luxury department store chain headquartered in Seattle, Washington, and founded by John W. Nordstrom and Carl F. Wallin in 1901. The original store operated exclusively as a shoe store, and a seco ...
opened a store in 1990, the same year Emporium-Capwell dropped the
double-barrelled name
A double-barrelled name is a type of compound surname, typically featuring two words (occasionally more), often joined by a hyphen. Notable people with double-barrelled names include Winnie Madikizela-Mandela, Julia Louis-Dreyfus, and Beyonc ...
and became simply Emporium. Six years later, Emporium was acquired by the parent company of Macy's, which elected to keep both locations; the original Macy's store was used for their women's departments and their men's and home furnishings departments were relocated to the former Emporium store. 1996 also saw the construction and opening of a
Sears
Sears, Roebuck and Co., commonly known as Sears ( ), is an American chain of department stores and online retailer founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosen ...
store.
Ownership of Stoneridge was to change in the next few years as the Taubman shopping center interests, which had become a publicly traded
real estate investment trust
A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...
in 1992, were reorganized in 1998 and the GM Pension Trust assumed full ownership of Stoneridge, retaining
Taubman Centers
Taubman Centers, Inc. is an American real estate investment trust headquartered in Bloomfield Hills, Michigan. The company invests in shopping centers, and is a subsidiary of Simon Property Group since 2020.
History
The company was founded in 19 ...
as manager. In 2004 the GM Pension Trust sold a half interest in a portfolio of shopping centers, including Stoneridge, to
The Mills Corporation, which also assumed management of the center. A joint venture led by
Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indian ...
purchased The Mills Corp. in 2007, bringing Stoneridge under the Simon banner.
Plans to renovate and expand the property were announced in 2005, calling for the construction of a new, smaller Nordstrom store and the addition of new shops, restaurants, and a cinema within the existing Nordstrom building's footprint. The only portion of the plans to materialize were the addition of two restaurants outside the mall -
The Cheesecake Factory
The Cheesecake Factory Incorporated is an American restaurant company and distributor of cheesecakes based in the United States. It operates 348 full-service restaurants: 215 under the Cheesecake Factory brand, 42 under the North Italia brand, a ...
and
P. F. Chang's China Bistro, both of which opened in 2006.
The dawn of the early 2020s saw several storied traditional department store retailers update its brick-and-mortar formats after being encroached upon to a degree by several digital retailers in recent years in addition to the
COVID pandemic
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by the coronavirus SARS-CoV-2. In January 2020, the disease spread worldwide, resulting in the COVID-19 pandemic.
The symptoms of COVID‑19 can vary but often include fev ...
.
On October 15, 2018, it was announced Sears would shutter as part of an ongoing decision to eliminate its traditional brick-and-mortar format. The department store shuttered in January 2019, paving the way for a planned redevelopment.
On May 7, 2020,
Nordstrom
Nordstrom, Inc. () is an American Luxury goods, luxury department store chain headquartered in Seattle, Washington, and founded by John W. Nordstrom and Carl F. Wallin in 1901. The original store operated exclusively as a shoe store, and a seco ...
, which also maintains several additional outposts in the region, announced plans to shutter along with several additional locations as a direct result of pulling back because of the COVID-19 pandemic.
Simon, the mall development firm, has been in the early stages of a future enhanced development which is to include both the previous Sears and Nordstrom outposts.
References
External links
Official website
{{Shopping malls in California
Shopping malls established in 1980
Shopping malls in the San Francisco Bay Area
Pleasanton, California
Simon Property Group
Shopping malls in Alameda County, California
1980 establishments in California