Malls · California
Mission Valley
Operating mall transitioning to mixed housing/retail via 2023 sale; former Macy's to Dick's (2027); housing market data available but no current occupancy metrics. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile13 elements · what this retrofit is built with · tap a chip for the evidence
May Company
This site: May Company wikipedia · all sites with thisMontgomery Ward
This site: Montgomery Ward wikipedia · all sites with thisSold since 2020
This site: 2023 Real Capital Solutions and Lowe research-deals · all sites with this30,000+ vehicles a day on an adjacent road
This site: 167,500 on 8 fhwa-hpms · all sites with thisCounty permitting 2,000+ apartment units a year
This site: 7,248 units, San Diego County census-bps · all sites with thisCounty typical rent $2,000+
This site: $2,967/mo zillow · all sites with thisInterstate or freeway within 600 m
This site: 8 fhwa-hpms · all sites with thisShrinking county
This site: -0.6% census-acs · all sites with thisRezoning
This site: In early 1958, May Centers proposed rezoning 90 acres (360,000 m2) in the then sparsely populated Mission Valley area of San Diego to build a shopping mall. In… newtypes-extraction · all sites with thisRedeveloped
This site: The former Macy's will be remodeled as Dick's House of Sport, which will open in 2027. record · all sites with thisReinhabited
This site: The former Macy's will be remodeled as Dick's House of Sport, which will open in 2027. record · all sites with thisHousing
This site: …new_use field newtypes-extraction · all sites with thisRetail (continued)
This site: …new_use field newtypes-extraction · all sites with thisNow
| Status | OperatingWikipedia no source |
|---|---|
| Strategy | Redeveloped · ReinhabitedWikipedia no source |
| New uses | housing, retailWikipedia no source |
| What is there now | The former Macy's will be remodeled as Dick's House of Sport, which will open in 2027.newtypes-extraction reported |
Planning
| Zoning change | In early 1958, May Centers proposed rezoning 90 acres (360,000 m2) in the then sparsely populated Mission Valley area of San Diego to build a shopping mall. In June 1958, the San Diego City Council unanimously voted in favor of rezoning the 90 acres (360,000 m2) for the May plan.newtypes-extraction reported |
|---|---|
| Entitlement year | 1958Wikipedia no source |
| Planning notes | Approved by San Diego City Council.Wikipedia no source |
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2023 | Sold | $290.0M closed | Real Capital Solutions and Lowe ← Westfield | Wikipedia |
Securitised debt and public filers
Filings (2001 to date) that name “Mission Valley” and “Mission Valley” (1524 hits, first 100 sampled, 8 other filers such as tenants left out). Common name: these matches are unreliable. A strong match to a commercial-mortgage trust means the mall very likely backed, or backs, a securitised loan; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2014-03-31 (a sample date, not the issuance date); candidate loan vintage 2013 from the trust name. Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (strong) | WFRBS Commercial Mortgage Trust 2013-C17 | 25 | 2014-03-31 to 2024-03-18 | 10-K 23, 10-K/A 2 |
| CMBS trust (weak) | WFRBS Commercial Mortgage Trust 2013-C16 | 11 | 2015-03-31 to 2023-03-10 | 10-K 9, 10-K/A 2 |
| Public owner (weak) | Carey Watermark Investors Inc | 13 | 2012-12-12 to 2019-10-22 | 10-K 7, 8-K/A 3, 8-K 3 |
| Public owner (weak) | KILROY REALTY CORP (KRC) | 7 | 2010-04-29 to 2016-04-28 | 8-K 7 |
| Public owner (weak) | Chatham Lodging Trust (CLDT, CLDT-PA) | 5 | 2011-07-18 to 2020-12-17 | 8-K 3, 10-Q 2 |
| Public owner (weak) | INNKEEPERS USA TRUST/FL | 4 | 2006-11-08 to 2006-12-21 | 10-Q 3, 8-K/A 1 |
| Public owner (weak) | Carey Watermark Investors 2 Inc | 3 | 2019-10-22 to 2022-03-28 | 10-K 2, 8-K 1 |
| Public owner (weak) | Behringer Harvard Opportunity REIT I, Inc. | 2 | 2008-06-26 to 2010-08-26 | 8-K 2 |
| Public owner (weak) | MAGUIRE PROPERTIES INC | 2 | 2007-04-11 to 2007-07-10 | 8-K 2 |
| Public owner (weak) | WESTFIELD AMERICA INC | 1 | 2001-04-02 to 2001-04-02 | 10-K 1 |
Site context
| Housing permits, San Diego County (CA), 2024 | 7,248 units in 5+ unit buildings, 947 in 2–4, 3,377 single-family; 2023: 7,952 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 1 within 10 km, 2 within 25 km: Horton Plaza (6.3 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 134,936 jobs in 8,795 establishments; average annual pay $46,537; employment location quotient 0.89; employment -1.4% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 31,002 jobs; 2,783 in retail trade, 2,400 in accommodation and food (workplace blocks summed to tract 06073009307)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 47th income percentile as adults; 1.9% incarcerated at the 2010 count (139 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | low-access at 1 mile, not low-income; 27% of residents more than 1 mile from a supermarket; poverty rate 15.1%; median family income $89,792; 123 SNAP householdsUSDA ERS |
| Schools | San Diego City Unified School District (KG-12); 3 public schools within 1 mile: Birney Elementary; Home & Hosp/Transition Support; Nipaquay ElementaryNCES EDGE |
| Elevation | 46 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 462 county-logged events: 168 flood, 103 heavy rain, 77 flash flood, 55 thunderstorm wind; $40,805,950 property damage reported; 7 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 92108, 2026-09 | median list price $515,000 (-19.9% on the year); 119 active listings; median 51 days on market; 31% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 9,207 establishments (-0%); 147,017 jobs (+5%)Census CBP |
| Housing market in the county | typical home value $926,979 (+1% 1 yr, +22% 5 yr); typical rent $2,967/mo (+2% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 167,500 vehicles a day on 8 (Interstate, 10 lanes); 2,697 trucks; 36 counted segmentsFHWA HPMS |
Summary, model-written
Mission Valley (operating mall) is undergoing redevelopment. Westfield sold the site to Real Capital Solutions and Lowe for $290M in 2023. The former Macy's will become Dick's House of Sport (opening 2027). New uses include housing and retail. Zoning approved in 1958 for original mall. Nearby Horton Plaza (6.3km) is under construction. Housing market shows ZHVI $926,979 (2026-09). No current tenant details provided beyond narrative excerpt. Status: operating. Unknown: exact current retail mix, housing unit count, or project timeline beyond 2027.
Why. Record confirms active redevelopment (sale, new uses, anchor remodel), but lacks current occupancy data or housing unit specifics. Context shows regional peer activity (Horton Plaza) but no direct impact assessment.
Where it stands. Repositioning underway with retail/housing transition, but no completion date or current occupancy metrics in record.
For a planner
- Zoning history (1958) confirms long-term commercial use. Traffic data (167,500 ADT, 10-lane interstate) supports accessibility. Housing market data (ZHVI $926k) aligns with new-use strategy.
For a developer
- Recent $290M acquisition price reflects market interest. Housing/retail strategy matches record's new_use. Anchor remodel (Dick's) signals tenant pipeline. No data on current vacancy rates or rent levels beyond median rent $2,154 (unverified context).
What we do not know yet
- No current tenant list or occupancy rate. Housing unit count not specified. 'Retrofit already built' in opp_reasons contradicts active redevelopment timeline (2027 remodel).
Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- Horton Plaza, San Diego, CA · Malls · same strategy: reinhabit; also in CA; 6 km away
- Desert Fashion Plaza, Palm Springs, CA · Malls · same strategy: redevelop; also in CA
- Eastmont Town Center, East Oakland, CA · Malls · same strategy: reinhabit; also in CA
- Escondido Village Mall, Escondido, CA · Malls · same strategy: reinhabit; also in CA
Elsewhere on the web
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- retrofit already built
- median rent $2,154
- housing in the record
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Original developer | May Centersnewtypes-extraction |
|---|---|
| Anchors | Montgomery Ward, May Company |
| County | San Diego County |
| Census division | 9 · Pacific |
| Notes | Draft from Wikipedia, model-extracted, unreviewed: Mission Valley, a shopping mall opened in 1961 on 90 acres, is being redeveloped and reinhabited with plans to remodel the former Macy's into Dick's House of Sport opening in 2027. |
Not yet recorded: acres, GLA, year opened, retrofit year. Know it? Tell us.
Background
Mission Valley (formerly Westfield Mission Valley) is a retail complex consisting of a traditional open-air shopping mall owned by Real Capital Solutions and Lowe, and a power center owned by Sunbelt Investment Holdings Inc., in Mission Valley, San Diego. Mission Valley East was managed by the Dallas-based Centennial. Anchor stores include Michaels, Target, and Nordstrom Rack. Empty anchor buildings include the architecturally significant May Co. (later Macy's apparel) building, Bed Bath & Beyond (originally Saks Fifth Avenue).
Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.
Timeline
- 1961 The grand opening of the Mission Valley Center was held on February 20, 1961.
- 2023 Westfield sold both Mission Valley shopping centers to new owners for $290 million.
- 2026 It was announced that the former Macy's will be remodeled as Dick's House of Sport, which will open in 2027.
Sources
- Mission Valley (shopping mall) · CC BY-SA 4.0
4 quoted sentences
Mission Valley
The grand opening of the Mission Valley Center was held on February 20, 1961.
In July 2023, Westfield sold both Mission Valley shopping centers to new owners for $290 million. Real Capital Solutions and Lowe bought the original Mission Valley mall, while Sunbelt Investment Holdings Inc. bought Mission Valley West.
In 2026, it was announced that the former Macy's will be remodeled as Dick's House of Sport, which will open in 2027.