Macy's says its Bloomingdale's division will develop athree-level 150,000-sf store. Neiman Marcus says it will open atwo-level, 120,000-sf store. Both stores will be added to the southside of the mall, between the two existing Macy's stores.

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The two anchors account for about half of a planned 500,000-sfexpansion at Valley Fair that would add as 70 new retailers,including several restaurants. Upon completion, the mall will total2 million sf and some 340 stores.

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The expansion, which includes parking for an additional 3,000cars, is slated to begin in January. Most everything except for thetwo new department store anchors is expected to be up and runningin 2010.

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With specialty store sales averaging $830 per sf, Valley Fair isone of the top-selling malls in the United States, according to theInternational Council of Shopping Centers. It is the No. 2 mall inWestfield's US chain, behind only Century City, a much smaller mall(875,000 sf) with average specialty store sales of $896 per sf,according its latest annual report.

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Valley Fair is 50-50 joint venture of the Australia-basedWestfield Group and JPMorgan Fleming Asset Management on behalf ofthe Strategic Property Fund, a co-mingled pension trust fund.

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