Valencia Town Center
A regional shopping mall in the Valencia neighborhood of Santa Clarita, California.
Last updated August 25, 2026
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Overview
Valencia Town Center is a regional shopping mall serving Valencia and the wider Santa Clarita Valley in Southern California. The property opened in September 1992 with May Company, JCPenney, Sears, and Edwards Theatres as its principal anchors. It was developed as a major retail destination for a growing suburban area and has since evolved from a conventional enclosed mall into a mixed retail, dining, entertainment, and fitness complex. The mall’s early department-store identity changed as its tenants and physical layout were reorganized. May Company became Robinsons-May in 1993, and the Robinsons-May store was later converted to Macy’s in 2006. During a major late-1990s remodeling, the original Edwards Theatres location inside the mall was removed and replaced by the food court. Edwards subsequently opened a new exterior-facing cinema in May 1999; that venue later operated under the Regal Cinemas brand. Other major additions during this period included Borders and Bombay Company. The Borders location was later converted to Gold’s Gym, while the Bombay Company space eventually became a Forever 21 store. Westfield became involved in the property through a quarter-interest acquisition in 2002 and obtained an additional quarter-interest in 2005. Following those transactions, Westfield assumed management control and the mall operated for many years under the Westfield Valencia Town Center name. In January 2008, an expansion began that replaced part of the parking area with The Patios, an outdoor retail and dining district, while also enlarging the Macy’s store. The first phase opened on November 18, 2009, and the second phase, connecting The Patios with the former Sears area, opened on November 11, 2010. The project broadened the mall’s offer beyond traditional enclosed retail by adding open-air restaurants and shops. Sears closed its anchor location in March 2018. In 2019, the mall proposed The Patios Connection, a redevelopment concept for the former Sears site that was intended to include a luxury cinema, gym, Costco, and gas station. The proposal also contemplated a rooftop parking structure associated with the proposed Costco. The project was canceled in April 2021. Ownership later changed from the Westfield organization to Centennial, which has owned the property since September 1, 2023. The mall’s current anchor and major destination tenants include Macy’s, JCPenney, Regal Cinemas, H&M, and Gold’s Gym. The former Forever 21 anchor became vacant after that retailer closed in 2025. In 2026, Round1 announced plans to renovate the former Sears building for a large entertainment venue featuring bowling and arcade attractions. The planned facility is expected to occupy approximately 125,000 square feet and open in 2027, subject to completion of construction and redevelopment work. The property therefore continues to reposition itself around experiential entertainment, food, fitness, and open-air commerce alongside department-store retail.
History
Valencia Town Center opened in September 1992 in Valencia, a neighborhood of Santa Clarita, California. Its initial anchor lineup consisted of May Company, JCPenney, Sears, and Edwards Theatres. May Company adopted the Robinsons-May name in 1993, reflecting a broader department-store consolidation in the Southern California market. The property underwent a substantial late-1990s remodeling. The original Edwards Theatres location inside the mall was demolished and replaced with the current food-court area. Edwards then established a new exterior-facing theater in May 1999 along Town Center Drive; the venue later became part of Regal Cinemas. During roughly the same period, Borders and Bombay Company were added as major tenants. The former Borders space subsequently became Gold’s Gym, while the Bombay Company location later housed Forever 21. Westfield entered the ownership structure in 2002 by acquiring a 25 percent interest in the mall and purchased another 25 percent in 2005. Westfield then took management control, and the property was commonly identified as Westfield Valencia Town Center. Robinsons-May was converted to Macy’s in 2006, giving the mall another major department-store identity under a national retail banner. A major expansion broke ground in January 2008. The project repurposed sections of the parking area to create The Patios, an open-air retail and dining component, and enlarged the Macy’s store. The initial phase, including the Macy’s expansion and part of The Patios, opened on November 18, 2009. The second phase opened on November 11, 2010, linking The Patios toward the Sears side of the center. This work shifted the property toward a hybrid enclosed and open-air format. Sears closed in March 2018, leaving a substantial former-anchor space. In 2019, Westfield Valencia Town Center presented The Patios Connection as a potential redevelopment of the Sears site. The concept included a luxury cinema, gym, Costco, gas station, and a proposed 275-space rooftop parking area for Costco. The project was canceled in April 2021. Centennial has owned the property since September 1, 2023. Although the center is now generally referred to as Valencia Town Center, the former Westfield name remains an important part of its history and alias set. Current major tenants include Macy’s, JCPenney, Regal Cinemas, H&M, and Gold’s Gym. Forever 21, which had occupied one of the major spaces, closed in 2025, leaving that anchor vacant. In March 2026, Round1 announced plans to occupy the former Sears building. The planned venue is expected to cover approximately 125,000 square feet and include a bowling alley and arcade attractions. Its projected 2027 opening would give the center a substantial new entertainment component and continue the mall’s long-term transition from a department-store-led shopping center toward a broader retail, dining, fitness, and experiential destination.
- 2026
Round1 redevelopment announced
[1]Round1 announces plans for a large bowling and arcade venue in the former Sears building, targeted for 2027.
- 2025
Forever 21 closes
[1]Forever 21 closes its location, leaving the associated anchor space vacant.
- 2023
Centennial becomes owner
[1]Centennial takes ownership of the property on September 1.
- 2018
Sears closes
[1]The Sears anchor closes in March, creating the mall's principal former-anchor redevelopment opportunity.
- 2010
Second expansion phase opens
[1]The second portion of The Patios opens on November 11 and extends the open-air district toward the Sears area.
- 2009
First expansion phase opens
[1]The Macy's expansion and first portion of The Patios open on November 18.
- 2008
Expansion breaks ground
[1]Construction begins on The Patios outdoor district and an expansion of Macy's.
- 2006
Robinsons-May becomes Macy's
[1]The Robinsons-May department store is renamed Macy's.
- 2005
Westfield increases its interest
[1]Westfield purchases an additional 25 percent interest and subsequently assumes management control.
- 2002
Westfield acquires a quarter interest
[1]Westfield acquires a 25 percent interest in the property.
Products and positioning
A regional shopping and entertainment center combining department stores, specialty retail, dining, cinema, fitness, and open-air pedestrian-oriented destinations for the Santa Clarita Valley.
Retail property · 1992
Enclosed shopping mall
The original enclosed portion of Valencia Town Center provides department-store retail, specialty shops, food services, and consumer-oriented services. Its principal retail anchors have included Macy's and JCPenney, while the internal layout has been modified through multiple renovations and tenant changes since the 1992 opening.
Open-air retail and dining district · 2009
The Patios
The Patios is the mall's open-air retail and dining component, developed through the 2008–2010 expansion. It added pedestrian-oriented shopping and restaurant space by converting part of the former parking area and helped diversify the property beyond a conventional enclosed-mall format.
Cinema and entertainment · 1999
Regal Cinemas
The cinema operation originated with Edwards Theatres, which opened an exterior-facing theater at the mall in May 1999 after the original in-mall theater was removed. The venue later operated under the Regal Cinemas name and remains one of the center's major entertainment anchors.
Entertainment
Round1 entertainment center
Round1 is planned for the former Sears building. The announced concept is expected to include bowling and arcade attractions in a venue of approximately 125,000 square feet. The project is targeted to open in 2027 after renovation of the former department-store space.
Brand decisions
2026
Round1 to occupy former Sears buildingProduct launchBackground
The property required a new use for the former Sears anchor after the earlier redevelopment proposal was abandoned.
Action taken
Round1 announced plans to renovate the former Sears building into an approximately 125,000-square-foot bowling and arcade venue.
Aftermath
The venue is expected to open in 2027 and would strengthen the center's entertainment-led positioning.
2019
Propose The Patios ConnectionStrategyBackground
The closure of Sears in 2018 left a large anchor building and site requiring a new use.
Action taken
Westfield Valencia Town Center proposed a redevelopment featuring a luxury cinema, gym, Costco, gas station, and rooftop parking associated with the Costco concept.
Aftermath
The project was canceled in April 2021 and the former Sears site remained available for later redevelopment.
2008
Develop The Patios and expand Macy'sStrategyBackground
The mall sought to broaden its tenant mix and physical format by adding open-air retail and dining space while enlarging its Macy's anchor.
Action taken
Construction began in January 2008, with the project delivered in two phases in 2009 and 2010.
Aftermath
The expansion created a hybrid enclosed and open-air shopping environment and connected The Patios toward the Sears side of the property.
Recent events
- 2026
Round1 announces redevelopment of former Sears site[1]
Product launch · Other
Round1 announced plans for a roughly 125,000-square-foot bowling and arcade venue in the former Sears building, with an expected opening in 2027.
- 2023
Centennial becomes owner of Valencia Town Center[1]
M&A
Centennial assumed ownership of the property on September 1, 2023, replacing the previous Westfield ownership arrangement.
- 2021
The Patios Connection project canceled[1]
Other
The proposed redevelopment of the former Sears area was canceled in April 2021.
- 2019
Westfield Valencia Town Center proposes The Patios Connection redevelopment[1]
Other
The mall proposed redeveloping the former Sears site with a luxury cinema, gym, Costco, gas station, and related parking facilities.
Sources1 sources
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