About

Stoneridge Mall

Stoneridge Shopping Center, commonly referred to as Stoneridge Mall, was constructed in the early 1980’s.  The 1.34 million square foot mall sits on an approximately 75-acre property, divided into six parcels, under four separate ownerships. Within the 75-acre property, over 35 acres is dedicated to surface parking, including over 6,600 parking spaces. A Development Agreement (DA) between the City and Simon allows up to an additional 380,000 square feet of additional development at the Mall. Of this, a capacity of 362,700 remains unbuilt.  The DA expires in December 2023.

Over the past four decades, Stoneridge Mall has remained a regional shopping destination, and has generated significant sales and property tax revenues for the City. However, in recent years, the conditions and overall economic landscape for retail has become increasingly challenging, particularly with the rise of e-commerce that has contributed to the decline of brick-and-mortar stores across the nation, with traditional department stores particularly hard hit. While Stoneridge Mall has remained relatively successful compared to many other similar indoor malls across the Bay Area and California, two of the mall’s anchor tenants (Sears and Nordstrom) have closed their doors in the last five years, and sales tax revenue, as an indicator of the overall health of the mall’s businesses, has declined. 

Across the country regional mall owners are facing similar challenges and seeking new opportunities to diversify their traditional, retail-focused land use and offerings – often with complementary uses such as housing and non-retail employment. And, within the retail sphere, these centers are seeking to create new and different experiences and attractions to draw patrons, including newly-created outdoor spaces, “lifestyle” uses such as gyms and movie theaters; and upgraded dining options. Many of these redevelopments take advantage of what is a currently underutilized asset – large sites, with many acres of land dedicated to surface parking, positioned close to regional highways and transit – to accommodate these uses.