Westfield Valley Fair, formerly named and known as Valley Fair, is an upscale indoor shopping mall in San Jose, California, United States, owned by the Westfield Group. It is located in the heart of Silicon Valley, at the corner of Winchester and Stevens Creek Boulevards, straddling the border of San Jose and Santa Clara. The eastern portion of the mall (including Nordstrom and Macy's women) is located in San Jose, and the western portion (including Macy's Mens & Home) is located in Santa Clara.
Westfield Valley Fair is one of the largest malls in Northern California, and is directly across the street from another large upscale retail development, Santana Row. It has the highest-sales volume in the state with $1,150 per square foot. The shopping center consists of 273 stores, a seventeen-outlet food court, nine restaurants, and is anchored by two Macy's stores and Nordstrom.
Anchors
- Macy's - 396,000 sq ft (36,800 m2)
- Macy's Mens and Home - 316,000 sq ft (29,400 m2)
- Nordstrom - 220,000 sq ft (20,000 m2)
History
Westfield Valley Fair 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 including Joseph Magnin 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, and is regulated by both city governments.
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. The former I. Magnin housed a succession of tenants, its final one being Sports Authority, and its building sits vacant. It will be demolished, along with the former Old Navy building, as part of the mall's upcoming expansion.
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. Westfield discontinued the "Shoppingtown" moniker in 2005.
source: wikipedia
