Moreno Valley Mall
 | |
 | |
| Location | Moreno Valley, California, United States |
|---|---|
| Coordinates | 33°56′20″N 117°16′16″W / 33.93881°N 117.27109°W |
| Address | 22500 Town Circle, Suite 1206 |
| Opening date | 1992 |
| Developer | Homart Development Company |
| Owner | International Growth Properties[1] |
| Stores and services | 133 |
| Anchor tenants | 7 (5 open, 2 vacant) |
| Floor area | 1,090,000 sq ft (101,000 m2) |
| 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.[2]
Developed by Homart Development Company, the initial anchor stores in 1992 were Sears, J. C. Penney, May Company California, and Harris Department Stores and had 140 specialty stores.[3]
In the early years competition for tenants divided prospects between competing developers.[4] In September 1996 the City confirmed that lower than anticipated revenues would result in a shortfall estimated to extend the payback period of the $13 million infrastructure loan to an estimated 2026 with the loan peaking at $19.5 million. Also, the mall was then valued at $66 million, far less than its original valuation of $107 million.[5]
Moreno Valley Mall directly contracts with the local Police Service as well as private security firm for security services.[6]
In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Moreno Valley Mall, into Seritage Growth Properties.[7]
International Growth Properties purchased Moreno Valley Mall in November 2017[8] for $63 million.[9]
On November 7, 2019, it was announced that Sears would be closing this location a part of a plan to close 96 stores nationwide. The store closed on February 2, 2020.[10]
In the 2020s, Your Furniture Place, a furniture was open on the lower level of the former anchor Sears. It closed a few years later.
In 2025, Sky Zone, a trampoline park, announced that it would be opening a location on the upper level of the former Sears anchor. Sky Zone is expected to open in 2026. This is part of Sky Zone’s expansion across the United States from the success of their trampoline parks. It is currently under construction.[11]
Major anchors
[edit]Former anchors
[edit]- Harris - Store converted into Gottschalks in 1999.
- Gottschalks - Store closed in 2008 due to struggles before bankruptcy in 2009.
- May Company - Store converted into Robinsons-May in 1993.
- Robinsons-May - Store converted into Macy's in 2006.
- Sears - Store closed due to company's struggle in February 2020.
- Your Furniture Place - Store closed in 2024 due to company struggles.
References
[edit]- ^ "Los Angeles Investor Prevails in Online Auction for Moreno Valley Mall in Calif". Archived from the original on March 1, 2018. Retrieved March 1, 2018.
- ^ Glick, Shav (February 15, 2006). "Learning Curves: NASCAR used to open on the road course at Riverside". Los Angeles Times. Retrieved January 16, 2016.
- ^ "Briefs: Moreno Valley Mall at Towngate". WWD. Vol. 161, no. 126. June 28, 1991. p. 12. ProQuest 1445678505.
Moreno Valley Mall at Towngate, a 1.2-million-square-foot two-level regional mall under construction, is scheduled to open in Riverside County, Calif., in fall 1992. Sears, Roebuck & Co., J.C. Penney and May Department Stores Co. are some of the tenants who have committed to opening stores during Phase I. Harris' Department Stores, San Bernardino, Calif., will open a 145,000-square-foot unit, as well.
- ^ Myers, David W. (November 23, 1986). "2 Developers in Race for Sole Moreno Valley Mall Both Compete for Tenants to Build Project". Los Angeles Times. Retrieved January 16, 2016.
- ^ Fleckenstein, Loren (September 15, 1996). "Riverside, Calif., Mall's Financial Woes Put Pinch on City Coffers". Press-Enterprise. Knight RidderTribune. Archived from the original on June 15, 2011.
- ^ "Patrol Division". City of Moreno Valley. Archived from the original on October 14, 2007. Retrieved December 18, 2007.
- ^ "Sears at Moreno Valley Mall | Seritage". www.seritage.com. Archived from the original on March 17, 2016.
- ^ "Los Angeles Investor Prevails in Online Auction for Moreno Valley Mall in Calif". www.crenews.com. Archived from the original on December 6, 2017.
- ^ "Moreno Valley Mall". marketplace.realinsight.com. Retrieved April 1, 2020.
- ^ Tyko, Kelly; Bomey, Nathan (November 7, 2019). "Sears and Kmart store closings: 51 Sears, 45 Kmart locations to shutter. See the list". USA Today. Retrieved November 7, 2019.
- ^ "Sky Zone Under Construction in Moreno Valley". October 11, 2025. Retrieved January 28, 2026.