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Thursday, Mar 28, 2024

Simi Valley Town Center Looks to Create Activity Hub

The vision for a new and improved Simi Valley Town Center soon will come into focus, mall owners say. Two years after acquiring the space, Alberta Development Partners is finalizing plans for the 600,000-square-foot property, home to Macy’s, Victoria’s Secret, and Apple Store. Although the company declined to disclose details of the plan, company officials said the project aims to bring a rebranded, revitalized and restructured Town Center that will attract shoppers as well as prospective tenants. “We envision a real sense of place and destination that is sustainable, and embodies the true meaning of a real town center – shop, dine, work and play,” Don Provost, founding principal of Alberta, said in a prepared statement. The shopping center is home to more than 100 retailers and eateries including Urban Outfitters, Anthropologie and California Pizza Kitchen. Last month, tenants Abercrombie & Fitch and Hollister closed their stores in the shopping center. The casualties were a result of a series of closures implemented by the East-coast retailer, due to sluggish domestic sales. Mall owners said new amenities such as Italian tiles and stone, walkways, hand-carved pergolas, children’s play park, designated spaces for concerts and entertainment are part of the vision for the center. Alberta has spent the past two years working and reworking plans for the space, and during that time many community members have expressed concerns on the property being overbuilt. The goal is to absorb some small shop space and build space that would appeal to a variety of retailers, Laura Carstenson, a principal with the Denver, Colorado-based firm, said in an emailed statement. “The Simi Valley Town Center is consistent with our long-standing commitment to investing in properties that revitalize this area, and further the objectives of smart-growth development.” The company said it hopes to finalize details in the next month or so.

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