Eastridge is a 1.4 million square foot (GLA) shopping mall owned by Pacific Retail Capital Partners & Silverpeak Real Estate Partners, Inc. and located in between Tully Road, East Capitol Expressway, and Quimby Road in eastern San Jose, California. The mall has an enclosed shopping area, restaurants and theaters. It is a split level mall, with part of the mall being 3 levels, and part of it being 2 levels.
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History
It was opened on May 17, 1971 with the original anchors: Macy's, Liberty House, J. C. Penney, Joseph Magnin Co., and Sears. Eastridge was the largest enclosed shopping mall in the West. Emporium-Capwell replaced Liberty House when the chain pulled out of California. After Macy's bought Emporium-Capwell, they shuttered the store. It sat vacant until the 2005 remodel when they demolished the store.
In 2005 a major remodeling brought in an AMC Theatres and outdoor streetscape, with tenants such as Barnes & Noble and Bed Bath & Beyond. Other new stores continue to open inside, as well. The general consensus is that the renovation is a success.
In September 2013, Bed Bath & Beyond announced that it was closing its Eastridge store in January 2014. Eastridge will be adding Round 1 Bowling & Amusement and 24 Hour Fitness in the former Bed Bath & Beyond space. 24 Hour Fitness opened on March 28, 2015 while Round 1 Bowling & Amusement delayed the opening until fall 2015.
On January 15, 2016, a joint venture between Pacific Retail Growth Partners and Silverpeak Real Estate Partners acquired the Eastridge Shopping Mall from General Growth Properties, Inc. The total acquisition price was $200 million. The new owners announced that they will be investing approximately $15 million to upgrade the Mall.
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Anchors
Current
- AMC Theatres (75,000 sq. ft)
- Macy's (187,000 sq ft.)
- JCPenney (235,000 sq. ft)
- Sears (251,000 sq. ft)
Former
- Liberty House (1971-1984) (closed; replaced by Emporium-Capwell)
- The Emporium (1984-1995) (building demolished in 2003)
- Joseph Magnin Co. (1971-1984)
Source of the article : Wikipedia
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