SAN DIEGO — Fashion Valley, one of San Diego County’s most iconic outdoor shopping destinations, is about to undergo major changes after the announcement of adding more than 800 luxury residences to the mall.
JCPenney
Simon, the property owner of Fashion Valley, announced plans to transform the site of JCPenney into nearly 850 multi-family luxury residences.
Construction is expected to begin immediately after JCPenney closes its Fashion Valley store in 2025. The project is expected to be completed in 2026 and the luxury homes will be the shopping mall’s first residences ever located inside the mall.
The multi-million dollar investment will transform the shopping mall into a luxury, mixed-use center that includes residences just footsteps away from luxury boutiques and high-end amenities.
“We're excited about this next phase of Fashion Valley as we continue to reinvest and add a walkable, livable lifestyle community that is intertwined with handpicked luxury brands that can only be found here," said Mark Silvestri, President of Development at Simon. "This redevelopment marks a new era of sophistication and convenient living in San Diego."
Fashion Valley has become synonymous with the world's most popular luxury brands. The mall has added Dior, Bottega Veneta, Dolce & Gabbana to its list of boutiques, with other brands opening up soon.
The announcement of the Fashion Valley project marks the second major transformation coming to the area less than one year.
In July 2023, CBS 8 reported that Westfield Mission Valley was sold for $290 million dollars. The shopping center that has served Mission Valley for decades was sold to Lowe and Real Capital Solutions. The company announced plans to develop affordable housing and convert the properties into a walkable, mixed-use village with housing, retail and dining.
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