Phase One of Westfield Shoppingtown Complete

SAN JOSE, CA-Phase Two, scheduled to open in spring 2002, will add an approximate 30 additional shops including the recently announced Louis Vuitton, Christian Dior, Tiffany & Co. and Fendi, for a total of over 260 stores.

By Brian K. Miller | Updated on March 19, 2001

SAN JOSE, CA-Westfield America Inc. has completed the first-phase redevelopment of the Westfield Shoppingtown Valley Fair. The $165-million expansion features 80 new specialty stores, a new Nordstrom, a new Food Court with central fireplace and outdoor patio seating, and parking for another 450 cars, including rooftop parking.

Westfield Shoppingtown is a joint venture of Westfield, a shopping center REIT with interests in 39 major shopping centers, and J.P. Morgan Investment Management Inc., which is acting on behalf of its pension trust clients. The shopping center is opening on time and on budget and completely leased, though only 85% of the new stores are open, says Westfield America CEO Peter Lowy.

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