Simi Valley Town Center
An outdoor shopping center in Simi Valley, California, combining retail, dining, entertainment, and community uses.
Last updated August 24, 2026
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Overview
Simi Valley Town Center is an outdoor shopping center in Simi Valley, California, located near California State Route 118 between First Street and Erringer Road. The center opened in 2005 with approximately 120 tenants and was developed as a lifestyle-oriented retail destination rather than a conventional enclosed mall. Its architecture was designed by F+A Architects to evoke an Italian hillside village, using an open-air layout and streetscape intended to support shopping, restaurants, entertainment, and pedestrian circulation. The center originally opened with Macy's and Robinsons-May as its principal department-store anchors. Robinsons-May's presence was short-lived. Following Federated Department Stores' 2005 acquisition of The May Department Stores Company, the Robinsons-May location was converted into a Macy's Men's and Home store, which opened in that format on September 9, 2006. The center therefore became closely associated with Macy's, which operated both a main store and a separate Men's and Home location for much of its mature period. Ownership changed during the property's subsequent history. Forest City Enterprises originally owned and operated the center. In 2010, the property was sold to Alberta Development Partners and Walton Street Capital. In October 2024, SteelWave and Steerpoint Capital acquired the shopping center, with Spinoso Real Estate Group identified as its manager. The new ownership's stated objective is to reposition a financially challenged and increasingly under-anchored property through a mixed-use redevelopment strategy involving residential, dining, entertainment, and retail uses. The center's tenant mix has included national retailers, restaurants, entertainment operators, and specialty businesses. Major or notable occupants identified in reference material include California Pizza Kitchen, Five Below, Marshalls, Studio Movie Grill, and Ulta Beauty. It also houses the Skateboarding Hall of Fame Museum and KWSV-LP, a noncommercial low-power FM station branded as 99.1 The Ranch, which began broadcasting from the center in 2015 with a country-music format. The property has faced the broader pressures affecting many United States shopping centers, including department-store consolidation, anchor closures, changing consumer behavior, and the need to diversify beyond traditional retail. Macy's announced the closure of its Men's and Home store in January 2017, and Apple permanently closed its Simi Valley Town Center store in September of that year. Macy's later announced in January 2024 that its remaining store would close as part of a nationwide reduction, leaving the center without a traditional department-store anchor. The 2024 ownership change presents the center as a redevelopment opportunity, with future performance likely to depend on the execution of its mixed-use plans and its ability to attract durable retail, food, entertainment, and community uses.
History
Simi Valley Town Center opened in 2005 as an open-air shopping destination in Simi Valley, California. The property occupies a location near California State Route 118, between First Street and Erringer Road. Its approximately 120-tenant opening format reflected the lifestyle-center model that emphasized outdoor circulation, restaurants, specialty retail, and a visually distinctive environment. F+A Architects designed the complex to resemble an Italian hillside village, giving the property a more resort-like and pedestrian-oriented character than a conventional enclosed shopping mall. At opening, Macy's and Robinsons-May served as the principal anchors. The Robinsons-May anchor had a brief independent life because its parent company, The May Department Stores Company, was acquired by Federated Department Stores in 2005. Federated, Macy's parent company at the time, converted the location into a Macy's Men's and Home store, which opened under that format on September 9, 2006. The center consequently operated with a principal Macy's store and a separate Macy's Men's and Home store, making department-store traffic central to its original business model. Forest City Enterprises was the property's original owner and operator. In 2010, ownership transferred to Alberta Development Partners and Walton Street Capital. Over time, the center's identity broadened beyond department stores. Its tenant and community uses included restaurants, value-oriented retailers, beauty businesses, entertainment, a radio station, and a museum. KWSV-LP, branded as 99.1 The Ranch, launched from the center in 2015 as a noncommercial low-power FM station with a country-music format. The Skateboarding Hall of Fame Museum also became part of the site's cultural and recreational offer. The center later experienced the structural challenges common to United States retail properties with large department-store footprints. Macy's announced in January 2017 that it would close the Men's and Home store as part of a nationwide restructuring. The closure was associated with Macy's plan to eliminate stores and reduce staffing, while the affected departments were to be consolidated into the remaining women's store. Apple, another recognizable tenant, permanently closed its location at the center on September 15, 2017. These departures reduced the property's concentration of major national anchors and contributed to the perception of decline or underutilization. Macy's remaining store was subsequently identified for closure. On January 18, 2024, the company announced that the Simi Valley location would close as part of a plan involving five store closures nationwide. The departure left the center without a department-store anchor, intensifying the need for a new operating and development strategy. In October 2024, SteelWave and Steerpoint Capital acquired Simi Valley Town Center. Their stated aim was to revitalize the property through a mixed-use concept combining residential, dining, entertainment, and retail components. Spinoso Real Estate Group manages the center. The proposed direction reflects a broader shift in shopping-center redevelopment: instead of depending on a single department store to generate visits, the property is intended to become a more diversified district with multiple reasons to visit and potentially live nearby. Current and notable tenants include California Pizza Kitchen, Five Below, Marshalls, Studio Movie Grill, and Ulta Beauty, although the exact tenant roster may change during redevelopment. The center remains an active property, but its long-term identity and commercial mix are subject to the implementation of the revitalization program.
- 2024
Remaining Macy's store is scheduled to close
[1]Macy's announces the closure of its remaining store at the center, leaving the property without a department-store anchor.
- 2024
New ownership announces revitalization direction
[1]SteelWave and Steerpoint Capital acquire the property and pursue a mixed-use revitalization concept.
- 2017
Macy's Men's and Home store closes
[1]Macy's closes the separate Men's and Home location during a national restructuring and plans to consolidate those departments into its remaining store.
- 2017
Apple store closes permanently
[1]Apple permanently closes its Simi Valley Town Center store on September 15.
- 2015
KWSV-LP begins broadcasting
[1]The low-power radio station KWSV-LP, branded as 99.1 The Ranch, launches from the center with a country-music format.
- 2010
Property changes ownership
[1]Alberta Development Partners and Walton Street Capital acquire the center from Forest City Enterprises.
- 2006
Robinsons-May becomes Macy's Men's and Home
[1]The former Robinsons-May space is converted into a Macy's Men's and Home store, opening in that format on September 9.
- 2005
Shopping center opens
[1]Simi Valley Town Center opens as an outdoor center with approximately 120 tenants, anchored by Macy's and Robinsons-May.
Products and positioning
An open-air lifestyle shopping center serving Simi Valley and nearby communities, with a tenant mix spanning value retail, food, beauty, entertainment, and community-oriented uses. Its current strategic positioning is increasingly tied to mixed-use revitalization rather than department-store-led shopping.
Shopping center · 2005
Open-air retail center
The center's core offering is an outdoor retail and services environment organized around pedestrian-oriented streets and village-style architecture. It accommodates shops, restaurants, entertainment venues, and community uses rather than selling products under a single private-label assortment.
Retail · 2005
Retail tenant mix
The center has hosted a mixture of national and specialty retailers covering apparel, discount merchandise, beauty, home-related goods, and other everyday shopping needs. Reference material identifies Five Below, Marshalls, and Ulta Beauty among its major or notable tenants.
Food and entertainment · 2005
Dining and entertainment
Dining and leisure are important parts of the center's destination role. California Pizza Kitchen and Studio Movie Grill are identified as major tenants, while the Skateboarding Hall of Fame Museum adds a cultural and recreational attraction.
Broadcasting and community use · 2015
99.1 The Ranch
KWSV-LP is a noncommercial low-power FM station located at the center and known as 99.1 The Ranch. It began broadcasting in 2015 with a country-music format, adding a local media and community dimension to the property.
Brand decisions
2024
Pursue mixed-use revitalizationStrategyBackground
The center faced the loss of its remaining Macy's anchor and broader pressure on traditional department-store-led shopping centers.
Action taken
Following their October acquisition, SteelWave and Steerpoint Capital proposed repositioning the property around residential, dining, entertainment, and retail uses.
Aftermath
The property entered a redevelopment-oriented phase under new ownership, with Spinoso Real Estate Group managing the center.
2017
Close and consolidate Macy's Men's and Home departmentsStrategyBackground
Macy's announced a nationwide restructuring involving store closures and workforce reductions.
Action taken
Macy's closed the separate Men's and Home store and planned to consolidate those departments into the remaining Macy's location.
Aftermath
The center lost one of its two Macy's-related anchor spaces and became more dependent on its remaining department store and non-anchor tenants.
2006
Convert Robinsons-May to Macy's Men's and HomeM&ABackground
Federated Department Stores acquired The May Department Stores Company, Robinsons-May's parent, in 2005.
Action taken
The Robinsons-May anchor at Simi Valley Town Center was converted into a Macy's Men's and Home store, which opened on September 9, 2006.
Aftermath
The conversion made Macy's the center's principal department-store presence alongside its existing main store.
Sources1 sources
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