One Macy's, one Target and one very unused shopping mall on 25 acres of prime downtown real estate. The City of Sunnyvale approved the demolition of the long-shuttered Sunnyvale Town Center Mall not long after Friday sale of the 25-acre site to Downtown Sunnyvale Mixed Use LLC, a partnership between real estate investment manager RREEF and Sand Hill Properties (see my previous article Downtown Sunnyvale Revitalization Gets Desperately Needed Kickstart).
Bolstered by the recent success of the Vallco Mall re-branding to Cupertino Square, the downtown Sunnyvale project includes the creation of a "Redwood Square" which features the six stalwart redwood trees whose preservation is a critical component of the new revitalization.
The complete redevelopment area includes (basically) the area enclosed by Mathilda, El Camino Real, Carroll, and Evelyn. Macy's and Target will remain open during the process, and a new single-story Target built above a parking structure is planned to replace the current double-decker Target. No word yet on what kids in the store will do for fun without the shopping cart escalator.