The next phase of a $165 million expansion of the Valley Fair mall is expected to be complete within the next year, but owner Westfield America has yet to sign on any new tenants.

Westfield, which announced its second quarter earnings Monday, said the mall’s new 225,000 square-foot Nordstrom store should be done by spring 2001. The mall’s existing Nordstrom is being reconfigured into mall shops and is expected to be complete by spring 2002.

A company source told that no new deals have been inked for the existing Nordstrom space.

The project also entails 275,000 square feet of new leasable shop space as well as redevelopment of about 56,000 square feet of existing space. Its first phase – a series of parking structures – was completed in fall 1999.

Westfield said Monday that Q2 FFO were $93.2 million, or 88 cents a share, representing a 6% gain over last year. Sales per square foot have increased 6.7% since the beginning of the year, the company said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.