Of the four department stores that used to anchor Stoneridge Shopping Center, only Macy's is still open. Nordstrom closed in 2020. JCPenney closed at the end of February 2026. A redevelopment plan for the old Sears site was approved in 2019 and has not started. Meanwhile Simon Property Group, which owns most of the interior, keeps announcing new tenants for the corridors between those dark buildings.
The two trends can run side by side because different companies own the mall's ends and its middle. If you're heading to Stoneridge this fall for errands, a rainy Saturday with the kids, or early holiday shopping, nearly all of the change is in the center of the building.
Who holds each anchor building
Stoneridge is a mall with several landlords, and the split explains a lot about why some parts move and others don't.
| Anchor building | Status in fall 2026 | Who controls it |
|---|---|---|
| Macy's | Operating | Macy's, as its own property owner |
| Former Nordstrom | Closed since 2020 | 300 Venture Group and local investors, bought June 2026 |
| Former JCPenney | Closed end of February 2026 | 300 Venture Group, bought 2022 |
| Former Sears | Closed; 2019 redevelopment plan not started | Simon Property Group |
According to the Pleasanton Weekly, Danville-based 300 Venture Group, known as 3VG, and other local investors paid more than $10 million for an 8.4-acre parcel. The parcel holds the former Nordstrom building and a large surface parking lot. The East Bay Times first reported the price as $10.7 million. The same investor group bought the JCPenney building in 2022.
That puts two of the three empty anchors in the hands of a single local firm, with Simon running the interior around them. In a July 16 column, the Pleasanton Weekly called this "consolidation of ownership" a fresh opening for the city to get involved.
Why the ends sit still while the middle keeps changing
Leasing a store in the middle of a mall and re-planning a department store building are very different projects. Simon can sign a tea shop or a clothing brand for an existing storefront in a few months. The anchor buildings are huge and come with land, so they wait on bigger decisions.
3VG says it is "investigating multiple solutions for the site, including retail re-use and mixed-use densification," according to the Pleasanton Weekly. Kameron Klotz, a founder and managing partner at 3VG, told the paper the firm is "actively collaborating with and seeking input from all stakeholders regarding the future use of the location including the City of Pleasanton." No plan has been chosen yet.
The larger plan for the mall moves slowly too. In December 2023, the Pleasanton City Council approved a framework for redeveloping Stoneridge and the area around it with hundreds of housing units and a reworked shopping center. The same Weekly report says there has been "little to no movement since 2023" on the housing or other redevelopment. In April, Bay Area Telegraph reported that the former JCPenney building was looking for a new tenant.
For a weekend visit this fall, most of the change is in the middle of the building, not at its ends.
The middle has been filling in since mid-2025
Simon's new tenants since 2025 are mostly smaller-format stores: collectibles, kids' clothing, coffee, and play spaces. They are not the kind of big-box store that once drew shoppers to the mall's far ends.
Pop Mart started welcoming shoppers on June 28, 2025. The Pleasanton Weekly reported it as the first Pop Mart in the Tri-Valley. Jumpity Bumpity opened at the mall that same summer. The mall's owners also counted these 2025 openings:
- It's a Grind Coffeehouse
- Shiekh Shoes
- Balabala
- Carter's
- Funshare Arcade
Hollister was announced in April for the third quarter of 2026 and now has a store page with regular hours. Simon's directory puts it on the lower level, next to BoxLunch and Cotton On Kids.
When those additions were announced, Ruben Perez, Simon's executive vice president of leasing, described what he hears from tenants in comments reported by the Pleasanton Weekly:
"As we talk with prospective tenants, there's a clear recognition that this property offers more than a traditional retail setting. Visitors are coming here for the full experience — great dining, new concepts, and the trusted stores they already enjoy."
That quote is a leasing pitch. The tenant list backs it up, though. Almost every name above is a place you'd visit to browse, snack, or keep kids busy for an hour, which is the reverse of the old anchor model.
Two Japanese counters are on the way to the Apple corner
The next two food openings will add to the busiest stretch of the interior. Both are going in near the Apple store.
Maruwu Seicha is a Japanese tea and matcha shop from San Francisco's Japantown. KRON4 reported in April that it will be the brand's first East Bay location, on the mall's first floor next to Apple and Lush. As of mid-October, the mall's directory still marks it Coming Soon.
ONIGILLY Japanese Kitchen started as a food cart in San Francisco before spreading to other Bay Area cities, and it is known for onigiri, which are pressed rice balls with a range of fillings. Simon lists it at the lower-level Grand Court near Apple, also still marked Coming Soon with no hours posted.
When both open, the area around Apple will have Lush, a matcha counter, and an onigiri kitchen within a short walk of each other. That would make it the busiest part of the building. Neither business has announced an opening date, so check before you plan a lunch around either one.
Planning a visit between now and Santa season
Since the changes are concentrated in the middle, a good fall visit starts in the middle too.
- Start near Apple and the Grand Court. This is where the newest food tenants are going. Watch the Maruwu Seicha and ONIGILLY storefronts for opening signs.
- Head to the lower level for clothes and kids' stops. Hollister, BoxLunch and Cotton On Kids are next to each other. Carter's and Balabala, from the 2025 openings, cover younger kids.
- Save the play stops for last. Funshare Arcade and Jumpity Bumpity are the 2025 additions built for kids who are done shopping.
- Use Macy's as your department store. It is the one anchor still open, so it's the place for anything a big department store used to cover.
The next date to put on the calendar is the Santa Photo Experience, which Simon lists as opening on November 14, 2026, about three weeks after this post goes up. Holiday hours haven't been posted yet, so check the mall's hours page closer to that weekend.
The anchor buildings are the part to watch over the longer run. 3VG now holds both the former Nordstrom and former JCPenney sites, and for the Nordstrom parcel it is looking at both retail reuse and mixed-use densification. Any project would also go through the City of Pleasanton, and the 2023 framework already sets the guiding principles that such a plan is meant to follow.
If you own a home in Pleasanton and want to understand how changes like those at Stoneridge fit into your own plans, Linda Ngo tracks Tri-Valley news like this every week and can turn it into a clear, data-driven picture of your home's position. Get a Free Home Evaluation, and we'll walk through it together.
