Westfield Valley Fair

infobox shopping mall
shopping_mall_name = Westfield Valley Fair

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image_width = 250
caption =
location = Santa Clara and San Jose, California, USA
opening_date = 1986
developer = The Hahn Company
manager = The Westfield Group
owner = The Westfield Group
number_of_stores = 424 [ [http://www.westfield.com/valleyfair/ourstores Westfield ] ]
number_of_anchors = 4
floor_area = 1,475,600 sq ft (137,083 m²)cite web|url=http://westfield.com/corporate/retailer/us/valleyfair.html|accessdate=2006-08-18|title=Westfield Valley Fair]
floors = 2
website = [http://www.westfield.com/valleyfair westfield.com/valleyfair]
parking = 7,600

Westfield Valley Fair, formerly known as Valley Fair and Westfield Shoppingtown Valley Fair is an upscale shopping mall owned by The Westfield Group, located at the corner of Winchester and Stevens Creek Boulevards, straddling the border of Santa Clara and San Jose, California, United States.

Valley Fair is the largest mall in Northern California, and has the highest-sale volume in the state with $809 per square foot. The shopping center consists of 244 stores, a seventeen-outlet food court, two restaurants, and two department stores consisting of two-location Macy's and Nordstrom.

History

Valley Fair Mall is unique in that it replaced two separate 1950s era shopping centers. The original Valley Fair Shopping Center, opened in 1956, was confined to the eastern side of the property in San Jose. It was developed and anchored by Macy's and included roughly 40 other stores in an outdoor plaza. At the western side was another outdoor shopping center, Stevens Creek Plaza in Santa Clara. It was anchored by The Emporium and I. Magnin. For that reason, the current mall contributes sales tax revenues to both the cities of San Jose and Santa Clara.

In 1986, both centers were acquired and merged into one two-level enclosed mall by The Hahn Company, creating one of the most successful shopping centers in the country, called simply "Valley Fair". Nordstrom joined later in 1987, with I. Magnin closing its store in 1992. The former Emporium store became a second Macy's location in 1996, housing Macy's Men's & Home Store.

In 1998, Westfield America, Inc., a predecessor of The Westfield Group and The Rouse Company acquired Valley Fair jointly from Hahn. Westfield bought out Rouse in 1999 and brought in an institutional investment partner to share its investment risk in this high-profile property. In 1998 the property was renamed "Westfield Shoppingtown Valley Fair". Nordstrom replaced its location in 2001 during the grand opening of a new $165,000,000, two-phase redevelopment. The former Nordstrom reopened as additional mall retail space in the second phase in 2002. The word "Shoppingtown" was dropped from the name in 2005.

2009 Expansion

Valley Fair will again be expand beginning in early 2009. The expansion will include 2 new department stores (Bloomingdale's and Neiman Marcus) and approximately 50 in-line retail spaces. In all the there will be a total expansion of convert|650000|sqft|m2|abbr=on of retail space, for approximately convert|2100000|sqft|m2 and 2,300 additional parking spaces, connection to Santana Row, and a new Safeway and Longs Drugs (which will not be part of the mall proper).

Anchors

*Macy's (316,478 sq ft)
*Macy's Mens & Home (198,300 sq ft)
*Nordstrom (168,750 sq ft)
*Bloomingdales (in 2011)
*Neiman Marcus (in 2011)

References

External links

* [http://westfield.com/valleyfair/ Westfield Valley Fair Official Website]
* [http://www.cestcop.com/Macys.htm History of Valley Fair Shopping Center]
* [http://www.renewvalleyfair.com/ Valley Fair Expansion Project]