Moreno Valley Mall
A regional shopping mall in Moreno Valley, California, developed on the former site of Riverside International Raceway.
Last updated August 24, 2026
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Overview
Moreno Valley Mall is a regional shopping center in Moreno Valley, California, United States. It was developed by Homart Development Company on land formerly occupied by Riverside International Raceway and opened in 1992 with four major department-store anchors: Sears, J. C. Penney, May Company California, and Harris Department Stores. At opening, the center contained approximately 140 specialty stores and was positioned to serve the rapidly growing communities of the Inland Empire. The mall’s early development took place amid competition between developers seeking retail tenants in the Moreno Valley area. That competitive environment contributed to uncertainty over tenant recruitment and the center’s financial performance. In 1996, the City of Moreno Valley reported that revenues were below initial expectations. The city’s infrastructure loan, originally valued at $13 million, was then expected to take substantially longer to repay, with the projected repayment date extending to approximately 2026. The loan was reported to have reached a potential peak of $19.5 million, while the mall’s assessed value had declined to approximately $66 million from an original valuation of $107 million. Over time, the center’s department-store lineup changed in response to mergers, conversions, and retail-industry distress. The May Company location became Robinsons-May in 1993 and was subsequently converted to Macy’s in 2006. Harris was converted to Gottschalks in 1999; Gottschalks later closed in 2008 amid financial difficulties, before the chain entered bankruptcy in 2009. Sears remained one of the mall’s principal anchors for many years, but Sears Holdings transferred the property associated with the store to Seritage Growth Properties in 2015 as part of a broader real-estate spinoff. Sears announced the store’s closure in 2019, and the location shut on February 2, 2020. The former Sears building has since been used for adaptive-reuse proposals and temporary or replacement retail operations. Your Furniture Place occupied the lower level for a period before closing in 2024. In the 2020s, the mall’s tenant mix increasingly included entertainment and experiential uses alongside conventional retail. Its reported major attractions include Macy’s, J. C. Penney, Harkins Theatres, Round1 Entertainment, and Sky Zone. Sky Zone announced plans for a trampoline-park venue on the upper level of the former Sears anchor, with construction beginning in 2025. The venue reportedly held a soft opening on June 5, 2026, followed by a grand opening on June 19, 2026. A separate adaptive-reuse project was announced in December 2025 for the lower level of the former Sears space. Lighthouse Immersive Studios signed a reported 10-year lease with the City of Moreno Valley to develop an immersive museum and art venue called the Moreno Valley Museum and Art Space. These projects reflect a broader effort to repurpose large former department-store spaces and diversify the mall beyond traditional shopping. The mall also contracts directly with the local police service and a private security company for security operations.
History
Moreno Valley Mall was developed by Homart Development Company on the former site of Riverside International Raceway in Moreno Valley, California. The regional mall opened in 1992 with Sears, J. C. Penney, May Company California, and Harris Department Stores as its initial anchors, supported by about 140 specialty stores. Its development coincided with the growth of Moreno Valley and the wider Inland Empire, where new residential expansion created demand for department stores, services, dining, and entertainment. The mall encountered financial and development challenges in its early years. Competing development interests divided potential tenants and complicated the recruitment process. In September 1996, the City of Moreno Valley reported that revenues were lower than anticipated. The city’s $13 million infrastructure loan was projected to require repayment until approximately 2026, and the outstanding obligation was expected to peak at $19.5 million. The property’s reported value had also fallen to $66 million, compared with an original valuation of $107 million. The anchor lineup changed repeatedly. The May Company store became Robinsons-May in 1993 and later became Macy’s in 2006. Harris was converted into Gottschalks in 1999. Gottschalks closed in 2008 during a period of financial difficulty and the chain entered bankruptcy in 2009. Sears continued operating for many years, but its property was included in Sears Holdings’ 2015 real-estate spinoff to Seritage Growth Properties. In November 2017, International Growth Properties purchased Moreno Valley Mall for a reported $63 million. Sears announced in November 2019 that the mall location would close as part of a nationwide store-reduction program. The store ceased operations on February 2, 2020. The vacant anchor space subsequently became a focus of adaptive reuse. Your Furniture Place operated on the lower level for a period but later closed in 2024. In the 2020s, the mall’s commercial strategy increasingly emphasized entertainment and experiential tenants, including Harkins Theatres, Round1 Entertainment, and the planned Sky Zone trampoline park. Sky Zone announced in 2025 that it would establish a trampoline venue on the upper level of the former Sears building. Construction began during 2025, followed by a reported soft opening on June 5, 2026, and a grand opening on June 19, 2026. In December 2025, Lighthouse Immersive Studios was reported to have signed a 10-year lease with the City of Moreno Valley for an immersive museum and interactive art space in the lower level. The proposed venue was named the Moreno Valley Museum and Art Space. The mall directly contracts with the local police service and also uses a private security firm. Its reported current or planned major attractions include Macy’s, J. C. Penney, Harkins Theatres, Round1 Entertainment, Sky Zone, and the Moreno Valley Museum and Art Space. The center therefore represents a shift from a conventional department-store-led mall toward a mixed retail, leisure, and experiential destination.
- 2026
Sky Zone reported openings
[1]The new Sky Zone venue reportedly holds a soft opening on June 5 and a grand opening on June 19.
- 2025
Sky Zone construction begins
[1]Sky Zone begins construction of a trampoline park on the upper level of the former Sears anchor.
- 2024
Your Furniture Place closes
[1]Your Furniture Place, which had occupied part of the former Sears space, closes after operating in the lower level.
- 2020
Sears closes
[1]The Sears anchor closes on February 2 after being included in a nationwide closure plan.
- 2017
International Growth Properties acquires the mall
[1]International Growth Properties purchases Moreno Valley Mall in November for a reported $63 million.
- 2015
Sears property spun off to Seritage
[1]The Sears Holdings property associated with the mall store is transferred to Seritage Growth Properties.
- 2008
Gottschalks closes
[1]Gottschalks closes its mall location amid the retailer’s financial difficulties.
- 2006
Robinsons-May becomes Macy's
[1]The former May Company and Robinsons-May location is converted into a Macy’s store.
- 1999
Harris becomes Gottschalks
[1]The Harris Department Stores anchor is converted to Gottschalks.
- 1996
Early financial difficulties documented
[1]The city reports lower-than-expected revenues, a projected infrastructure-loan repayment delay, and a valuation below the mall’s original estimate.
Products and positioning
A regional Inland Empire shopping and entertainment center combining department stores, specialty retail, cinemas, restaurants, and experiential attractions.
Department store · 2006
Macy's
Macy’s is the mall’s principal department-store anchor in the former May Company and Robinsons-May space. The store provides broad apparel, accessories, beauty, home, and seasonal merchandise categories typical of a full-line department store.
Department store · 1992
J. C. Penney
J. C. Penney has been an anchor since the mall’s 1992 opening. Its traditional department-store assortment includes clothing, footwear, home products, and related consumer merchandise.
Cinema and entertainment
Harkins Theatres
Harkins Theatres provides the mall with a cinema-led entertainment component, extending the center’s role beyond shopping and supporting evening and weekend visitation.
Family entertainment
Round1 Entertainment
Round1 Entertainment is an experiential leisure tenant associated with arcade gaming, bowling, and related activities. Its presence contributes to the mall’s entertainment-oriented tenant mix.
Trampoline park · 2026
Sky Zone
Sky Zone is a trampoline-park concept planned for the upper level of the former Sears anchor. The venue is intended to repurpose a large vacant department-store area for active recreation and family entertainment.
Immersive museum and arts venue
Moreno Valley Museum and Art Space
The Moreno Valley Museum and Art Space is a planned immersive and interactive museum project associated with Lighthouse Immersive Studios. It is intended for the lower level of the former Sears anchor under a reported 10-year lease arrangement.
Brand decisions
2025
Sky Zone adaptive-reuse projectProduct launchBackground
The mall sought new uses for the former Sears anchor as traditional department-store demand weakened.
Action taken
Sky Zone began developing a trampoline park on the building’s upper level.
Aftermath
The venue reportedly opened in stages in June 2026, adding a major family-entertainment attraction.
2025
Immersive museum and arts redevelopmentStrategyBackground
The lower level of the former Sears anchor remained available for a large-scale nontraditional retail use.
Action taken
Lighthouse Immersive Studios signed a reported 10-year lease with the City of Moreno Valley to develop an immersive museum and interactive art space.
Aftermath
The proposed Moreno Valley Museum and Art Space would further diversify the mall toward cultural and experiential programming.
2019
Closure of Sears anchorStrategyBackground
Sears announced a nationwide program to close additional stores amid continuing company difficulties.
Action taken
The Moreno Valley Sears store was selected for closure and ceased operations on February 2, 2020.
Aftermath
The former anchor space became available for furniture, recreation, and immersive arts redevelopment.
2015
Sears real-estate spinoffM&ABackground
Sears Holdings reorganized and monetized selected real-estate assets through a spinoff to Seritage Growth Properties.
Action taken
The Sears property at Moreno Valley Mall was transferred to Seritage Growth Properties.
Aftermath
The transaction separated the store’s real-estate ownership from Sears’ retail operations before the store later closed.
Recent events
- 2025
Sky Zone announces a trampoline park for the former Sears space[1]
Product launch
Sky Zone announced plans to open a trampoline park on the upper level of the former Sears anchor, with construction beginning during 2025.
- 2025
Lighthouse Immersive Studios plans Moreno Valley Museum and Art Space[1]
Product launch
A December 2025 announcement described a 10-year lease and partnership to create an immersive museum and interactive art venue in the lower level of the former Sears anchor.
- 2019
Sears announces closure of its Moreno Valley location[1]
Bankruptcy
Sears announced on November 7, 2019, that the Moreno Valley store would close as part of a nationwide closure plan. The store closed on February 2, 2020.
- 2017
International Growth Properties purchases Moreno Valley Mall[1]
M&A
International Growth Properties acquired the mall in November 2017 for a reported $63 million.
- 2015
Sears property transferred to Seritage Growth Properties[1]
M&A
Sears Holdings included the Moreno Valley Mall Sears property among assets spun off to Seritage Growth Properties.
- 1996
City reports financial pressure and lower valuation for the mall project[1]
Other
Moreno Valley reported lower-than-expected revenues, a longer projected repayment period for its infrastructure loan, and a mall valuation below the original estimate.
- 1992
Moreno Valley Mall opens with four department-store anchors[1]
Other
The mall opened with Sears, J. C. Penney, May Company California, Harris Department Stores, and approximately 140 specialty stores.
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