Stony Point Fashion Park

Stony Point Fashion Park is an outdoor shopping center in southern Richmond, Virginia. It was developed as a high-end retail destination and opened in September 2003 after Taubman Centers presented plans for the project in 1995. At opening, the center occupied approximately 690,000 square feet, or about 64,000 square meters, and featured Saks Fifth Avenue and Dillard's as its principal anchor tenants. The center is designed as an open-air shopping environment rather than an enclosed regional mall. Its tenant mix combines national retailers with Richmond-based businesses, and the property has been associated with upscale apparel, accessories, beauty, home-related shopping, dining, and services. The center currently maintains more than 30 Richmond-based businesses, giving it a local-retail component alongside its larger national tenants. A distinctive feature of Stony Point Fashion Park is its dog-friendly policy. The property is described as the only mall in the region to offer a dog-friendly environment, supported by comfort stations distributed throughout the center. This positioning gives the development a lifestyle-oriented identity in addition to its conventional retail function. The property serves shoppers in Richmond and surrounding communities in the southern part of the metropolitan area. Its open-air format, premium positioning, anchor-store structure, and mix of local and national tenants distinguish it from a conventional enclosed shopping mall. Publicly available reference material does not identify the current owner, operating company, senior executives, financial performance, or a formal corporate group for the center. In February 2026, the center's Saks Fifth Avenue location was reported as scheduled to close as part of Saks Fifth Avenue's plan to shut eight stores nationwide. This announcement represents a significant planned change to the center's anchor-tenancy structure, although the available reference material does not state the closure date, the future use of the space, or the effect on the broader tenant mix.

Stony Point Fashion Park emerged from a proposal by Taubman Centers in 1995 to create a high-end shopping center in the southern part of Richmond, Virginia. The project reflected the development of open-air retail environments intended to combine premium shopping with a more pedestrian-oriented setting. Rather than following the enclosed-mall format, the planned center was conceived as an outdoor destination with a curated tenant mix and prominent department-store anchors. The center opened in September 2003. At inauguration, it comprised approximately 690,000 square feet of retail space, equivalent to about 64,000 square meters. Saks Fifth Avenue and Dillard's served as the principal anchor tenants at opening, establishing the property's upscale market position and providing large-format department-store destinations for surrounding specialty retailers. Over time, Stony Point Fashion Park operated as a regional retail and lifestyle destination for Richmond and nearby communities. Its open-air layout supported a shopping experience incorporating retail stores, restaurants, services, and pedestrian circulation between buildings. The tenant base included national brands as well as businesses based in Richmond. Reference material indicates that more than 30 Richmond-based businesses are currently represented at the center, making local participation part of its identity. The property also developed a differentiated customer proposition through its dog-friendly environment. It is described as the only mall in the region offering such an environment, with comfort stations located throughout the center. This feature broadens the center's appeal beyond transaction-based shopping and connects it with lifestyle, leisure, and pet-inclusive activities. The public reference material available for this entry does not identify the current owner, property manager, operating company, financial results, or a complete chronology of tenant changes. It also does not document a formal rebranding, expansion, or redevelopment program after the center's opening. The principal later development identified in the supplied material is the February 2026 announcement that the Saks Fifth Avenue location would close as part of a nationwide plan involving eight Saks stores. The announcement may alter the center's anchor configuration, but the replacement tenant, reuse plan, and final closure timing are not specified in the available source.

1. 2026Saks Fifth Avenue closure announced

   The center's Saks Fifth Avenue store was included in a plan to close eight Saks stores nationwide.

   Source
2. 2003Stony Point Fashion Park opens

   The outdoor shopping center opened in September with approximately 690,000 square feet of space and Saks Fifth Avenue and Dillard's as its principal anchor tenants.

   Source
3. 1995High-end shopping center proposal introduced

   Taubman Centers unveiled a proposal to develop a high-end shopping center in southern Richmond, Virginia.

   Source

Upscale open-air shopping and lifestyle center serving Richmond, Virginia, with a mix of national anchors, local businesses, dining, services, and dog-friendly amenities.

• Stony Point Fashion ParkOpen-air shopping center2003

  The core offering is an outdoor retail and lifestyle environment in southern Richmond. The center combines department-store anchoring with specialty retail, dining, services, local businesses, and pedestrian-oriented circulation. Its format emphasizes an upscale shopping experience rather than the enclosed regional-mall model.

• Dillard'sDepartment-store anchor2003

  Dillard's was one of Stony Point Fashion Park's principal anchor tenants when the center opened. As a department-store anchor, it contributed apparel, accessories, beauty, home, and related merchandise to the center's upscale retail mix. The supplied reference identifies Dillard's as an anchor but does not provide additional current operating details.

• Saks Fifth AvenueLuxury department-store anchor2003

  Saks Fifth Avenue was a principal anchor tenant at the center's 2003 opening and represented its premium department-store positioning. In February 2026, the location was announced for closure as part of a nationwide plan affecting eight Saks stores. The available source does not state the store's final operating date.

• Local Richmond-based businessesSpecialty retail and services

  The center maintains a substantial group of Richmond-based businesses, with reference material describing more than 30 such businesses. Their presence adds local retail, dining, and service variety alongside the center's national tenants, although the supplied material does not provide a complete tenant directory.

• 2026Saks Fifth Avenue anchor closure announcedOther

  Saks Fifth Avenue announced a nationwide plan to close eight stores, including its location at Stony Point Fashion Park.

  What changed. The Stony Point Saks location was designated for closure.

  Aftermath. The future use of the anchor space, the final closure date, and the effect on the center's tenant mix were not specified in the available reference.

  Source
• 1995Proposal to develop an upscale southern Richmond centerStrategy

  Taubman Centers proposed a high-end shopping center in southern Richmond, creating the basis for a new open-air regional retail destination.

  What changed. The proposed development ultimately became Stony Point Fashion Park, which opened in 2003.

  Aftermath. The completed center opened with approximately 690,000 square feet and two major department-store anchors.

  Source

• 2026Saks Fifth Avenue at Stony Point Fashion Park announced for closure

  The Saks Fifth Avenue store at Stony Point Fashion Park was announced as one of eight Saks Fifth Avenue locations planned for closure nationwide. The available reference does not provide the specific closing date or a redevelopment plan for the premises.

  OtherLeadership change
  Source

1. Stony Point Fashion Park