Moreno Valley Mall
| Location | Moreno Valley, California |
|---|---|
| Coordinates | Lua error in package.lua at line 80: module 'strict' not found. |
| Address | 22500 Town Circle, Suite 1206 |
| Opening date | 1992 |
| Developer | Homart Development Company |
| Owner | CW Capital |
| No. of stores and services | 140+ |
| No. of anchor tenants | 4 |
| Total retail floor area | 1,090,000 sq ft (101,000 m2) |
| No. of floors | 2 |
| Parking | 6,500 |
| Website | morenovalleymall |
The Moreno Valley Mall at Towngate is a shopping mall located on the former site of the Riverside International Raceway in Moreno Valley, California.[1]
Developed by Homart Development Company, the initial anchor stores in 1992 were Sears, J.C. Penney's, May Company California, and Harris Department Stores and had 140 specialty stores.[2]
In the early years competition for tenants divided prospects between competing developers.[3] In September 1996 the City confirmed that lower than anticipated revenues would result in a shortfall estimated to extend the payback period of the $13m infrastructure loan to an estimated 2026 with the loan peaking at $19.5m. Also, the mall was then valued at $66 million, far less than its original valuation of $107 million.[4]
Moreno Valley Mall directly contracts with the local Police Service as well as private security firm for security services.[5]
Major anchors
Former anchors
- Gottschalks - Store closed due to company bankruptcy in 2009.
- May Company - Replaced with Robinson's-May in 1993.
- Robinsons-May - Replaced with Macy's.
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found. Link via ProQuest.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
