The much-hyped renovation of Stoneridge Mall has fallen flat. According to the Pleasanton Weekly, permits haven't even been issued.
At fault is the Mills Corporation, the owner of Stoneridge Mall. They simply don't have the cash. They recently put the company up for sale, but no one wanted it. Other projects around the world and recent acquisitions have cost the company a fortune.
Renovation plans include a new 144,000 square foot Nordstrom, 900-car parking garage, and expanded mall and cinema in the old Nordstrom building.
However, construction has begun on the new Cheesecake Factory and P.F. Chang restaurants just outside Macy's Women. The parking lot is currently closed and detours in place.
According to Pleasanton Weekly, neither the Mills Corporation nor mall management would comment on the delays.
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