Malls · California
Valley Plaza
Opened 1951. Redeveloped in 2000.
Status nowDemolishedextracted, unreviewed
What it becameretail, entertainmentextracted, unreviewed reported
Site size100 acresextracted, unreviewed
documented
Valley Plaza would later extend along Victory Boulevard to cover 100 acres (40 ha).
Retrofit year2000extracted, unreviewed reported
Walkability19 of 20 · 15-minute 5 of 6EPA, OpenStreetMap
Rail within 800 mNo · Opportunity ZoneOpenStreetMap, HUD
Ask who owns this Download dossier (PDF) · early access Download record (JSON) API Share LinkedIn Correct this recordhttps://retrofitatlas.org/malls/ca/north-hollywood-valley-plaza/
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 profile23 elements · what this retrofit is built with · tap a chip for the evidence
Former anchors
Sears
This site: Sears wikipedia · all sites with thisWoolworth's variety store
This site: Woolworth's variety store wikipedia · all sites with thisFinance and pipeline
Website dead or redirecting
This site: …https://images2.loopnet.com/d2/mbatu6zpmk5zffyehdy8c3lvccbtl4vvv1iojq8fsji/docum overture / http check · all sites with thisPlace
100k+ jobs within 45 min by transit
This site: 343,541 epa-walkability · all sites with this15-minute neighbourhood (5+ of 6 daily needs within 800 m)
This site: 5/6 openstreetmap · all sites with this200+ tax-credit housing units within 1 km
This site: 431 units in 3 properties hud-lihtc · all sites with this3+ other atlas sites within 10 km
This site: 3 within 10 km computed · all sites with thisCounty permitting 2,000+ apartment units a year
This site: 9,430 units, Los Angeles County census-bps · all sites with thisCounty typical rent $2,000+
This site: $2,806/mo zillow · all sites with thisGrocery within 800 m
This site: 3 stores openstreetmap · all sites with thisHigh earthquake risk
This site: Very High fema-nri · all sites with thisHigh inland flooding risk
This site: Very High fema-nri · all sites with thisHigh natural hazard risk (FEMA NRI)
This site: Relatively High; inland flooding, earthquake fema-nri · all sites with thisHigh social vulnerability tract (SVI ≥ 0.75)
This site: 0.92 cdc-svi · all sites with thisOpportunity Zone
This site: 06037123901 hud-oz · all sites with thisRenter-majority tract
This site: 64% census-acs · all sites with thisShrinking county
This site: -2.5% census-acs · all sites with thisWalkable block group (EPA ≥ 12)
This site: …index 19 epa-walkability · all sites with thisScale
1M+ sq ft GLA
This site: 1,039,000 sq ft extraction · all sites with this60+ acre site
This site: 100 acres extraction · all sites with thisStrategy
Redeveloped
This site: Demolition underway; future use unknown extraction · all sites with thisNew use
Entertainment and sports
This site: …new_use field extraction · all sites with thisRetail (continued)
This site: …new_use field extraction · all sites with thisNow
| Status | Demolishedextracted, unreviewed |
|---|---|
| Strategy | Redevelopedextracted, unreviewed documentedShortly after 2000, J. H. Snyder acquired the core Valley Plaza property from lender iStar, and announced plans for a $300 million renovation. |
| New uses | retail, entertainmentextracted, unreviewed reported |
| What is there now | Demolition underway; future use unknownextracted, unreviewed documentedOn October 29th, 2025 demolition of the plaza began. It is unknown what will be replacing the former shopping center. |
| Retrofit year | 2000extracted, unreviewed reported |
| Redeveloper | J. H. Snyderextracted, unreviewed reported |
Securitised debt and public filers
Filings (2001 to date) that name “Valley Plaza” and “North Hollywood” (83 hits, first 83 sampled, 9 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2004-01-07 (a sample date, not the issuance date); candidate loan vintage 2004 from the trust name (weak match). 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 (weak) | Bear Stearns Commercial Mortgage Securities Trust 2006-PWR13 | 6 | 2006-10-12 to 2006-10-13 | 8-K 3, 8-K/A 3 |
| CMBS trust (weak) | J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-LDP9 | 4 | 2007-01-05 to 2007-01-22 | 8-K/A 2, 8-K 2 |
| CMBS trust (weak) | J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-CIBC18 | 2 | 2007-03-23 to 2007-03-23 | 8-K 2 |
| CMBS trust (weak) | CSFB COMMERCIAL MORT PASS THR CERTS SER 2005-C1 | 2 | 2005-03-29 to 2005-03-29 | 8-K 2 |
| CMBS trust (weak) | Benchmark 2021-B30 Mortgage Trust | 2 | 2021-11-16 to 2021-11-16 | 8-K 2 |
| CMBS trust (weak) | GE COMMERCIAL MORT CORP PASS THR CERTS SER 2004-C1 | 1 | 2004-01-07 to 2004-01-07 | 8-K 1 |
| CMBS trust (weak) | LB-UBS Commercial Mortgage Trust 2005-C7 | 1 | 2005-11-18 to 2005-11-18 | 8-K 1 |
| Public owner (strong) | Seritage Growth Properties (SRG, SRG-PA) | 20 | 2016-03-11 to 2020-03-02 | 8-K 12, 10-K 5, 10-Q 3 |
| Public owner (strong) | ISTAR INC. (SAFE) | 12 | 2012-02-29 to 2022-02-25 | 10-K 12 |
| Public owner (weak) | ARDEN REALTY LIMITED PARTNERSHIP | 7 | 2001-03-30 to 2006-03-16 | 10-K 6, 10-K/A 1 |
| Public owner (weak) | ARDEN REALTY INC | 6 | 2001-03-30 to 2006-03-16 | 10-K 6 |
As reported by the loan servicer
Loan-level data the CMBS trust files monthly on EDGAR (Form ABS-EE, Exhibit 102, Schedule AL), latest filing per trust. Balance is the scheduled balance at the period end; DSCR is on net cash flow from the most recent borrower financials; appraised value is the latest valuation reported, or the one at securitisation. Several trusts for one mall usually means one loan split into pari-passu notes, each trust reporting its piece. Matched on the property name and state in the exhibit, unreviewed.
| Trust | Period end | Balance | Maturity | DSCR | Appraised | Occupied | Status |
|---|---|---|---|---|---|---|---|
| Benchmark 2021-B30 Mortgage Trust ABS-EE 2026-10-01 · filing match: exact | 2026-09-11 | $38.9M of $38.9M 2021-09-24 | 2031-10-06 | 2.96x NOI $1.1M | $65.5M 2021-08-16 | 100.0% | current Midland Loan Services |
- Valley Plaza (Benchmark 2021-B30 Mortgage Trust): built 1951; renovated 2021; 155,305 sq ft NRA; tenants TARGET STORE, BURLINGTON STORES, ROSS DRESS FOR LESS; originator Goldman Sachs Bank USA
Site context
| Transit within 800 m | no rail station; 8 bus stops within 400 mOpenStreetMap |
|---|---|
| Motorway junctions within 2 km | 7, 8A, 8B, 9OpenStreetMap |
| FEMA flood zone | X · AREA OF MINIMAL FLOOD HAZARDFEMA NFHL |
| EPA-regulated facilities within 500 m | 34: 12020 VICTORY BLVD; 6534 LAUREL CANYON BOULEVARD; 99 CENTS ONLY STORES; ACTON EDUCATIONAL SERVICES INC DBA WEST COAST UNIVERSITY; AKOPYANEPA FRS |
| Census tract 06037123901 | 4,369 people, 8,764 per sq mi; median household income $56,333; median gross rent $1,878; 64% renters; 9.5% vacant units; 12.3% commute by transitACS 2023 5-year |
| Walkability (EPA, block group) | index 19 of 20; 216 intersections per sq mi; nearest transit stop 221 m; land-use mix 0.77; 378,688 jobs within 45 min by car, 343,541 by transit; 2% of households without a carEPA Smart Location |
| Within a 10–15 minute walk (800 m) | 5 of 6 daily needs: 3 grocers, 7 schools, 18 parks or playgrounds, 0 health, 3 civic, 6 food and drink; 7 cycleway segments, 40 sidewalk-tagged segmentsOpenStreetMap |
| Opportunity Zone | yes, tract 06037123901 (rural)HUD |
| Housing permits, Los Angeles County (CA), 2024 | 9,430 units in 5+ unit buildings, 1,273 in 2–4, 9,106 single-family; 2023: 13,214 in 5+Census BPS |
| Social vulnerability (CDC SVI 2022, tract) | overall percentile 0.92; socioeconomic 0.91; housing and transport 0.93; 36% below 150% of poverty; 4% of households with no vehicleCDC/ATSDR |
| Other atlas sites nearby | 3 within 10 km, 33 within 25 km: Laurel Plaza (0.7 km); Sherman Oaks Galleria (6.2 km); Golden Mall (8.0 km)computed |
| Overture Maps | place Valley Plaza (shopping_mall, confidence 0.97, from BrightQuery, Overture, Overture-signals); building footprint 8,201 m², 17.5 mOverture (CDLA-Permissive 2.0) |
| Website and social | images2.loopnet.com (down or redirecting, status 403); archived 2017–2026 (Wayback)Overture / Internet Archive |
| Attention: Wikipedia page views | 34,218 since 2015; 8,430 in the last 12 months (-27% vs the prior 12); peak 2025-08 with 5,335Wikimedia |
| Tract change 2013–2023 | population -2% (4,481 → 4,369); median income +28% ($43,929 → $56,333); renters 67% → 64%; median home value +120% ($435,500 → $956,500)Census ACS 5-year |
| Natural hazard risk (FEMA National Risk Index, tract) | relatively high overall (score 97.2); expected annual loss $6.3M; high: inland flooding, earthquake; community resilience very lowFEMA NRI |
| Tax-credit housing within 1 km | 3 LIHTC properties, 431 units: Park Plaza Senior Apts (203 units); Piedmont Apts (North Hollywood) (198 units); Hamlin Estates (30 units)HUD LIHTC |
| Retail trade in the county, 2025 (BLS QCEW) | 391,331 jobs in 28,960 establishments; average annual pay $52,235; employment location quotient 0.87; employment -1.7% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 2,542 jobs; 261 in retail trade, 265 in accommodation and food (workplace blocks summed to tract 06037123901)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 45th income percentile as adults; 0.1% incarcerated at the 2010 count (857 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | not a low-access tract at 1 mile; poverty rate 19.3%; median family income $50,307; 205 SNAP householdsUSDA ERS |
| Schools | Los Angeles Unified School District (KG-12); 6 public schools within 1 mile: ISANA Palmati Academy; New Horizons Charter Academy; John B. Monlux Elementary; Victory Boulevard ElementaryNCES EDGE |
| Elevation | 700 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 157 county-logged events: 86 flash flood, 35 thunderstorm wind, 21 debris flow, 6 hail; $8,000 property damage reported; 1 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 91606, 2026-09 | median list price $857,000 (-5.9% on the year); 57 active listings; median 49 days on market; 18% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 28,998 establishments (+2%); 419,890 jobs (+8%)Census CBP |
| Housing market in the county | typical home value $871,674 (+0% 1 yr, +13% 5 yr); typical rent $2,806/mo (+1% 1 yr), 2026-09Zillow Research |
| House price index, tract, 2025 | 791 (2000 = 100); -2.8% 1 yr, +27% 5 yr, +82% 10 yrFHFA |
| Traffic on the busiest road within 600 m (2024) | 20,958 vehicles a day (principal arterial, 4 lanes); 1,666 trucks; 22 counted segmentsFHWA HPMS |
| Site metrics | 10,390 sq ft GLA per acre; FAR 0.24computed |
Summary, model-written
Valley Plaza opened in 1951 as a shopping center in North Hollywood and grew to 100 acres and 1,039,000 sq ft of retail by 1956, adding anchors such as J.C. Penney. A retrofit was undertaken in 2000 by J.H. Snyder, after which the site changed hands to iStar (2011‑2020). Demolition of the plaza began in 2025 and is underway, with future use unknown.
Why. Visible causes of decline include the county's population decline of -2.5% (2018‑2023), relatively high median rent ($1,893), the fact that a retrofit had already been built, and the site being closed or demolished.
Where it stands. The site is currently demolished; ownership is unclear after iStar's tenure (2011‑2020), with demolition underway per the after‑notes.
For a planner
- Early West Coast mall precedent (opened 1951, once largest on the coast).
- Redevelopment strategy and retrofit completed in 2000 show prior entitlement work.
- Open questions: post‑2020 ownership, intended future use, and any needed environmental or zoning reviews.
For a developer
- Site size: 100 acres with 1,039,000 sf GLA (FAR 0.24).
- Control fragmented: J.H. Snyder (2000‑2011), iStar (2011‑2020), current owner unknown.
- Entitlement stage: retrofit already built (year_retrofit 2000); strategy lists redevelop to retail/entertainment.
- Market signals: county shrank -2.5% 2018‑23, median rent $1,893; no flood, transit, or environmental constraints detailed in record.
What we do not know yet
- Exact demolition timeline and completion date not specified.
- Current owner and legal control after 2020 are unknown.
- Future use/plans are unspecified (after_notes: future use unknown).
- Missing context layers: flood zone, transit access, environmental constraints, parcel boundaries, and zoning details.
- Data verification status is 'draft'; several fields (status, year_retrofit, developer, after_notes) are model‑extracted and unreviewed.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT 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
- Lakeforest Mall, Gaithersburg, MD · Malls · similar size (100 acres); similar GLA (1,045,000 sq ft); same strategy: redevelop
- Summit Place Mall, Waterford Township, MI · Malls · similar size (74 acres); similar GLA (1,300,000 sq ft); same strategy: redevelop
- Baldwin Hills Crenshaw Plaza, Los Angeles, CA · Malls · similar GLA (870,000 sq ft); opened 1947; same strategy: redevelop
- Villa Italia Mall, Lakewood, CO · Malls · similar size (104 acres); similar GLA (1,400,000 sq ft); same strategy: redevelop
Elsewhere on the web
Retail history: Valley Plaza on DeadMalls.com photos, field notes and visitor memories since 2000; matched by name and city; nothing copied here
Pages with photos
- Valley Plaza North Hollywood Captain Marvel Then And Now fity.club
- Valley Plaza Park Sign (North Hollywood, Los Angeles) commons.wikimedia.org
- Ross Dress for Less to open doors at Valley Plaza lot in North Hollywood dailynews.com
- LA City Councilmember wants North Hollywood's Valley Plaza shopping center declared a nuisance share.google
- May Co Department Store at Valley Plaza in North Hollywood, CA flickr.com
- Valley Plaza Mall hits its 75th anniversary steveemigthewhitebear.substack.com
- Color photo of the Valley Plaza shopping mall parking lot, Laurel Canyon Blvd, North Hollywood, California, circa late 1 martinturnbull.com
- VALLEY PLAZA PARK AND RECREATION CENTER - 16 Photo… yelp.com
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Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- retrofit already built
- closed or demolished site (sourced)
- 100 acres
- county shrank -2.5% 2018–23
- median rent $1,893
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
| Opened | 1951extracted, unreviewed |
|---|---|
| Acres | 100extracted, unreviewed documentedValley Plaza would later extend along Victory Boulevard to cover 100 acres (40 ha). |
| Gross leasable area | 1,039,000 sq ftextracted, unreviewed documentedBy 1956 it was reported to cover 100 acres with 1,039,000 square feet of retail space, the third-largest in the nation at that time, after Cross County Shopping Center in Yonkers, New York and Northland Center in Greater Detroit. |
| Original developer | Bob Symondsextracted, unreviewed |
| Anchors | Sears, McDaniels supermarket, Thrifty Drug Stores, Mayfair-Big Owl/Rexall supermarket-and-drugstore, Bond's clothing stores, Woolworth's variety store, Occidental Savings Bank, Hartfield's |
| County | Los Angeles County |
| Census division | 9 · Pacific |
| Notes | Wikipedia categories: Demolished shopping malls in the United States |
Background
Valley Plaza was a shopping center in North Hollywood, Los Angeles, one of the first in the San Fernando Valley, opened in 1951. In the mid-1950s, it was reported to be the largest shopping center on the West Coast of the United States and the third-largest in the country. It was located along Laurel Canyon Boulevard from Oxnard to Vanowen, and west along Victory Boulevard. Like its competitor, Panorama City Shopping Center to the north, Valley Plaza started with one core development and grew over time to market, under the single name "Valley Plaza", a collection of adjacent retail developments with multiple developers, owners, and opening dates.
Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.
Timeline
- 1942 Developer Bob Symonds conceives Valley Plaza
- 1948 210,000‑sq‑ft Sears store announced
- 1951 Shopping center opens
- 1954 Occidental Savings Bank opens
- 1955 Woolworth's variety store opens
- 1956 Plaza reaches 100 acres and 1,039,000 sq ft retail
- 1959 J. C. Penney opens as anchor
- 1960 Valley Plaza Tower completed
- 2000 J. H. Snyder acquires core property from iStar
- 2025 Demolition of plaza begins
Sources
- Wikipedia: Valley Plaza · supports: acres, after notes, gla sqft, original developer, status, strategy, year opened
17 quoted sentences
The shopping center opened on August 12, 1951, with parking for 4000 cars, and had cost between $20,000,000 and $40,000,000 (depending on the source) to build.
Valley Plaza would later extend along Victory Boulevard to cover 100 acres (40 ha).
By 1956 it was reported to cover 100 acres with 1,039,000 square feet of retail space, the third-largest in the nation at that time, after Cross County Shopping Center in Yonkers, New York and Northland Center in Greater Detroit.
The idea to develop the plaza came from developer Bob Symonds in 1942
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