MILPITAS,CA- A 260,000 square foot Asian-themed retail center is planned as a redevopment of the established McCarthy Ranch Marketplace power center here. The new mall would also help bring a new hotel, according to a report in the Oakland Tribune.
The $100 million project could potentially include hundreds of small shops in the enclosed shopping complex.
"It would be the only project of its kind in the United States—a large enclosed Asian-themed mall," said Jim Kessler, a development adviser for Canada-based Torgan Group, the owner of the McCarthy Ranch retail complex, in talking with the media outlet. "There are other Asian-oriented tenant projects, but not of this scope and concept, with small units, a lot of owners."
Scheduled to open by 2017, the center is tentatively named Pacific Mall Silicon Valley. It is expected to have as may as 200 to 300 stores offering a variety of retail goods.
The Milpitas Planning Commission has approved the project and the City Council will consider the matter within the next several weeks. The developer hopes to begin construction in the spring of 2015.
The first stage of the project would involve demolition of much of the southern section of the McCarthy Ranch retail center.
Click Oakland Tribune to read the full story.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
