Westfield Valley Fair
From Wikipedia, the free encyclopedia
| Westfield Valley Fair | |
 Valley Fair Mall during the Christmas Season |
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| Mall facts and statistics | |
|---|---|
| Location | Santa Clara and San Jose, California, USA |
| Opening date | 1986 |
| Developer | The Hahn Company |
| Management | The Westfield Group |
| Owner | The Westfield Group |
| No. of stores and services | 261[1] |
| No. of anchor tenants | 2[1] |
| Total retail floor area | 1,475,600ft2 (137,083m2)[1] |
| Parking | 7,600 [1] |
| No. of floors | 2 |
| Website | http://westfield.com/valleyfair |
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 among northern California's largest and highest-sale volume malls with 244 stores, a seventeen-outlet food court, two restaurants, and two department stores consisting of two-location Macy's and Nordstrom.
[edit] History
Valley Fair Mall is unique in that it replaced two separate 1950's 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 the 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 addiitional mall shop space in the second phase in 2002. The unwieldy "Shoppingtown" was dropped from the name in 2005.
