Valencia Town Center Explained

Valencia Town Center
Address:24201 Valencia Boulevard
Santa Clarita, California 91355
Opening Date:1992
Manager:Centennial Realty
Owner:Centennial Real Estate Management
Number Of Stores:170+
Number Of Anchors:7 (6 open, 1 vacant)
Floor Area:1099201square feet
Floors:2
Parking:4,312

Valencia Town Center is a shopping mall in the neighborhood of Valencia in Santa Clarita, California. Centennial Realty has owned the mall since September 1, 2023. The previous owner, Westfield Group had acquired a quarter-interest in the property in 2002[1] and a further quarter-interest in 2005, thereafter assuming management control.[2] The mall was then named Westfield Valencia Town Center from 2005 to 2023.

Anchor stores include Macy's (first opened as May Company, later became Robinsons-May in 1993 until Macy's in 2006), JCPenney, Forever 21, Regal Cinemas, H&M, and Gold's Gym with one vacant anchor last occupied by Sears, which closed in March 2018.[3] In 2008, an expansion to the mall was added, replacing portions of a parking lot. The 1st half opened on November 18, 2009, while the rest opened on November 11, 2010.

In 2019, Westfield Valencia Town Center proposed a new “The Patios Connection” project at the former Sears site, which would include a luxury cinema, gym, Costco, and gas station. The proposed Costco would include a 275-space, rooftop parking lot. In April 2021, the project was canceled.[4] [5]

External links

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Notes and References

  1. News: Bob . Howard . . January 29, 2002 . Westfield to Gain Stakes in 3 Malls: The firm will acquire MainPlace in Santa Ana plus interests in Century City Shopping Center and Valencia Town Center in Santa Clarita in Rodamco buyout.
  2. Web site: Orest . Mandzy . Commercial Real Estate Direct . February 3, 2005 . Westfield Pays $69.2Mln for 25 Percent Stake in Valencia Town Center.
  3. News: Darmiento. Laurence. April 1, 2002. Spotlight on Valencia. 2021-04-25. Los Angeles Business Journal.
  4. Web site: Alvarenga . Emily . 2021-04-19 . Westfield drops Costco plan; city leaders disappointed by cancellation . 2021-04-25 . Santa Clarita Valley Signal.
  5. Web site: Welk . Hannah Madans . April 20, 2021 . Patios Expansion at Westfield Valencia Town Center Canceled . 2021-11-10 . San Fernando Valley Business Journal.