WESTFIELD VALLEY FAIR’S $600 MILLION INVESTMENT IN SILICON VALLEY TO FEATURE TWO NEW PREMIUM ANCHORS
26 February 2015
SAN JOSE — Westfield Valley Fair has today announced the lineup of anchors slated for the property’s $600 million investment to evolve it into one of the world’s truly elite retail landmarks. Highlighting this transformation will be the 2017 opening of a new 150,000 square foot, three-level flagship Bloomingdale’s department store.
“The addition of Bloomindgale’s at Westfield Valley Fair is an indication of the strong support for this location’s vitality and its emergence as one of the best merchandised retail properties in the United States,” said Greg Miles, Westfield’s U.S. Chief Operating Officer.
Joining the new Bloomingdale’s and existing retail magnets Nordstrom and Macy’s as a new property anchor will be a ShowPlace ICON cinema— also opening in 2017. Providing a moviegoing experience unlike any other in northern California, the ICON offers bold, modern design, sleek lounge space, fine dining and signature cocktails, large leather sofa-style chairs and intimate tables in adults-only seating sections, as well as state-of-the-art cinematic technology.
Construction of these two new property anchors will commence in 2016, following the opening later this year of Valley Fair’s brand-new parking garage on Monroe Street. Featuring a digital navigation system that makes finding parking easier than ever before with green lights pointing the way to all available open spaces, the garage will also introduce state-of-the-art LED lights that have photo sensors as well as motion sensors, a dedicated bicycle parking section, charging stations for electric vehicles, complimentary Wi-Fi, and reserved Family Parking stalls for parents with young children. In addition, those forgetting their parking spot may simply type their license plate number into a nearby kiosk to immediately locate their vehicle. Once construction is complete in time for the 2015 holiday shopping season, the new 2,000-space garage will be easily accessible from the new off-ramp available from Hwy. 880.
In 2013, Valley Fair unveiled its new “Luxury Collection” showcasing such prestigious brands as Prada, Miu Miu, David Yurman, Salvatore Ferragamo, and Burberry alongside Louis Vuitton, Cartier, and Tiffany & Co. Concurrent with the Luxury Collection’s debut, the property also launched its modern dining terrace featuring fresh cuisine and stylish new setting. In 2014, elegantly designed boutiques for Bottega Veneta, Saint Laurent, CH Carolina Herrera, Balenciaga, Giorgio Armani and Mulberry opened to rave reviews from shoppers throughout the region.
Moving forward, the property will continue to expand the Luxury Collection to include stunning new showrooms for many of the world’s finest fashion brands. Upcoming enhancements also include a chic new dining district showcasing innovative chefs and restaurateurs nestled amidst open-air pedestrian promenades and relaxing outdoor lounges.
With these upgrades all in place by 2017, Westfield Valley Fair continues its evolution into a 2.2 million square foot retail powerhouse with luxury fashion, cutting-edge cuisine, exhilarating events and entertainment, five-star customer amenities, and retail’s most innovative new digital technologies all combining to provide an immersive sensory experience befitting the style and sophistication of Silicon Valley.
ABOUT WESTFIELD VALLEY FAIR
Located in the heart of Silicon Valley, Westfield Valley Fair showcases a world-class retail lineup of more than 240 top brands, including Nordstrom and Macy’s, CH Carolina Herrera, Bottega Veneta, Saint Laurent, Tiffany & Co., Louis Vuitton, Cartier, Prada, Burberry, Giorgio Armani, Balenciaga, Miu Miu, Salvatore Ferragamo, David Yurman, Tory Burch, Apple, UNIQLO, Zara, Michael Kors, Hugo Boss, and Montblanc. Westfield Valley Fair is a joint venture between Westfield Corporation and institutional investors advised by J.P. Morgan Asset Management. Find out more here