The consolidation of ownership at Stoneridge shopping center provides the city of Pleasanton with a fresh opportunity to engage.
Danville-based 300 Venture Group with local partners purchased the former Nordstrom site that is next to the JCPenney site they purchased a couple of years ago. They declined to renew the JCPenney lease so the store closed at the end of February.
They join other property owners Macy’s and the Simon Property Co. that operates the non-major stores in the shopping center. Simon, one of the respected national shopping center operators, also owns the San Francisco Bay Factory Outlets in Livermore. The city approves a redevelopment plan for the closed Sears store site and parking structure in 2019, but Simon has not pulled the trigger to start it…