PLEASANTON, CALIFORNIA – Several major retailers have recently closed their stores at Stoneridge Shopping Center, leaving empty storefronts and raising questions about the future of one of the Tri-Valley’s most prominent malls.
The most significant recent loss was JCPenney, which permanently closed on Feb. 22, 2026. According to the company, the retailer was unable to continue operating under its current lease terms. The property, owned by the real estate firm 300 Venture Group, is now seeking a new tenant for the space.
The mall has lost many of its big department stores over the years. Nordstrom, which opened in 1990, closed in May 2020 as a part of a company-wide plan to cut underperforming stores and focus more on online sales.
Sears, which had been operating at the mall since 1996 also shut down in January 2019 after the company filed for bankruptcy. With JCPenney’s gone, Macy’s is now one of the few major department stores left.
Smaller retailers have also left the mall. Windsor has vacated its Stoneridge location. Francesca’s has also closed after facing major financial struggles and filing for bankruptcy. In prior years, Hollister vacated its store at Stoneridge for a similar reason as JCPenney, closing the location after failing to agree on new lease terms.
As Stoneridge faces challenges, other retail centers in the Bay Area continue to thrive. Places like City Center Bishop Ranch in San Ramon, Livermore’s Premium Outlets, and Walnut Creek’s Broadway Plaza continue to attract people with open-air shopping, food, and movies in pedestrian-friendly environments.
Even indoor malls like Westfield Valley Fair have stayed successful after investing heavily in luxury stores and quality restaurants.
The future of Stoneridge may involve major redevelopment. The city of Pleasanton has approved plans for a 360-unit apartment complex on a part of the mall’s parking lot, with long-term proposals envisioning up to 1,440 housing units.
The project would transform the area into a mixed-use community, but progress has been slow. Rising construction costs and high interest rates have delayed the project, and local officials have given property owners a limited amount of time to begin work before development incentives can be withdrawn.
With major stores gone and redevelopment still delayed, the mall is at a crossroads. How it evolves in the coming years will determine if it can regain its place.
