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In 2018 Younkers closed its department store at Valley West, and the Von Maur store there moved to Jordan Creek inn 2022, leaving JCPenney as the older mall's sole anchor tenant.
Valley West Mall opened August 4, 1975, with about 20 stores and its first anchor, Brandeis. The mall's grand opening ceremony was held on July 28, 1976, with the opening of the second anchor, Petersen Harned Von Maur, and an additional 40 specialty stores. JCPenney, the third anchor, opened in March 1977 to complete the mall. [4]
Property tax records show that in 2003 Valley West Mall paid $3.1 million in property taxes, adjusted for inflation, on a valuation of about $100 million. By 2022 the tax bill had fallen 83% to ...
Valley View Center is a former mall located at Interstate 635 and Preston Road in north Dallas, Texas, U.S. [4] It is owned and managed by Dallas-based Beck Ventures. The mall was formerly home to anchor stores that were once JCPenney, Macy's, Sears, and Dillard's. The demolition of the mall was completed in May 2023. [5]
Valley West has been under the management of a court-appointed receiver since 2022, when U.S. Bank sued to foreclose on the mall for failure to make payments on a nearly $50 million loan.
However, Valley West suffered the loss of two critical anchor tenants when Arrowhead Towne Center opened as the premier mall in the West Valley later that year. JCPenney and Montgomery Ward—occupying 55,000 sq ft (5,100 m 2 ) and 130,000 sq ft (12,000 m 2 ), respectively [ 11 ] —defected to the new shopping center.
The department store announced plans in February to close 130 to 140 locations in the coming months, or about 13 percent of stores. JCPenney is shuttering 140 locations -- See if your store is at risk
The mall's size was brought up to 1,380,000 square feet (128,000 m 2) making it the largest mall in the South Suburbs. Carson Pirie Scott, by then renamed Carson's, closed in January 2013. [5] [6] Sears closed on June 9, 2013. [7] On June 4, 2020, JCPenney announced that it would close, as part of a plan to close 154 stores nationwide. However ...