Prologis Hilltop Center

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Prologis Hilltop Center
LocationRichmond, California, United States
Coordinates37°58′51″N 122°19′42″W / 37.980725°N 122.32826°W / 37.980725; -122.32826Coordinates: 37°58′51″N 122°19′42″W / 37.980725°N 122.32826°W / 37.980725; -122.32826
Opening date1976
DeveloperA. Alfred Taubman
ManagementPrologis
OwnerPrologis
No. of stores and services150[1]
No. of anchor tenants5 (2 open, 3 vacant by April 2021)
Total retail floor area1,100,000 sq ft (100,000 m2) [1]
No. of floors2
WebsiteEast Bay Science & Technology Center Website

Prologis Hilltop Center, formerly known as Hilltop Mall and The Shops At Hilltop, was a regional shopping center in the Hilltop neighborhood of Richmond, California. Hilltop is managed and co-owned by Prologis, Inc. The anchor store is Walmart. There are 3 vacant anchor stores that were once Macy's, JCPenney and Sears.

History[edit]

Hilltop Mall opened in September 1976, built on land previously occupied by an oil storage tank farm owned by the Chevron Corporation. The mall was developed by A. Alfred Taubman, who also developed several other shopping malls in the East and South Bay Area, including Eastridge Center in San Jose, Stoneridge Shopping Center in Pleasanton, and Sunvalley Mall in Concord. Originally, it was anchored by red-tiled Capwell's, JCPenney and Macy's. Both Macy's and JCPenney originally had stores in downtown Richmond, but while Macy's had closed its downtown store a couple of years earlier, JCPenney kept its downtown store open for a year after Hilltop opened.[2] Capwell's changed its name to Emporium-Capwell in 1979, before becoming simply The Emporium in 1990. Sears was added in 1990 in a newly built north wing addition, which was an expansion of this property.

Once opened, the mall attracted the major anchor stores from Richmond's downtown, with several major national chain stores closing downtown locations (although many acknowledge that the trend predated Hilltop due to economic and safety issues).[3][4]

1996 Emporium closed[edit]

The mall remained largely unchanged until 1996, when the Emporium store closed following its merger with Federated, who owned Macy's. The store remained vacant until October 1998, when Macy's refurbished and relocated their existing store into the former Emporium space and closed the original Macy's store. The space would remain vacant until Walmart took over the space in Spring 2007.

1998 Sale to GM Pension Trust[edit]

The GM Pension Trust assumed full ownership of Hilltop Mall in 1998, retaining Taubman Centers as manager.[5] In 2004, the GM Pension Trust sold a half-interest in a portfolio of shopping centers, including Hilltop, to The Mills Corporation, which also assumed management of the center. After several years of delay, Walmart opened on April 11, 2007 on the site Macy's vacated in 1998.

2007 Sale to Simon Property Group[edit]

In July 2007, Simon Property Group purchased the entire Mills Corporation portfolio, including other Bay Area properties: Stoneridge Shopping Center in Pleasanton, California and Great Mall in Milpitas, California. On December 23, 2011, a shopping frenzy over retro Air Jordan shoes resulted in temporary closure of the mall after shots were fired.[6] The mall later reopened, but sales of the shoe were banned for the day.[6] Similar events occurred at the nearby Westfield Solano and the Bayfair Center malls in Fairfield and San Leandro, respectively.[6]

2012 Loan default[edit]

In August 2012, Greg Maloney, president of Jones Lang LaSalle (JLL) Retail, was appointed receiver by the Contra Costa Superior Court to assume management of the property due to Simon's loan default. JLL retained Michael Piazzola as its managing receiver. The property was foreclosed upon in June 2013, and Jones Lang LaSalle was retained as the manager post-foreclosure.

2017 JCPenney closed[edit]

On March 17, 2017, it was announced that JCPenney would be closing as part of a plan to close 138 stores nationwide. The store closed on July 31, 2017.[7]

2020 Sears closed[edit]

On February 6, 2020, it was announced that Sears would be closing as part of the chain's plan to close dozens of stores nationwide. The store closed in April 2020.[8]

2021 Sale to Prologis[edit]

On January 5, 2021, it was announced that that Macy's would be closing in April 2021 as part of a plan to close 46 stores nationwide.[9] After Macy's closed in March 2021, Walmart became the only traditional anchor store left.

In April 2021, Prologis acquired the site for $117 million. "The purchase of the 78-acre site marks the beginning of Prologis' efforts to pursue a mixed-use development that includes residential and retail as well as the modern logistics facilities that are the company's specialty."[10]

Failed Revitalization[edit]

Proposed project for mall revitalization. 3D layout.

In July 2017, LBG Real Estate Companies, LLC and Aviva Investors announced the purchase of the Hilltop Mall property. The property went into foreclosure by Simon Property Group in 2012 and then proceeded to be put up for auction before it was bought by LBG and Aviva. LBG had begun the process of rebranding, redeveloping and upgrading both the interior and exterior of the mall structural buildings. Working with urban planners, LBG developed a strategy to transform the property during 2020 and beyond.[11]

In September 2017, the shopping center rebranded as The Shops at Hilltop, representing a new vision to modernize the property. The renovated shopping center would have contained new dining, entertainment, office, and retail tenants. After redevelopment, The Shops at Hilltop would have hosted 99 Ranch Market as a new anchor tenant and a variety of dining options representing many different cuisines.[12] There were also plans for personal care services and several entertainment options including a live theater[13] as well as a mix of creative office tenants to the center connecting the shopping, dining, and cultural experiences to the workplace.

In addition to the Shops, LBG had created a master plan for the long-term, mixed-use redevelopment of the fully entitled 77-acre site which would have complemented the existing shopping center. This larger mixed-use development, named Hilltop by the Bay, referred to all the development occurring on the old Hilltop Mall Property. Hilltop by the Bay would have had over 3,500 housing units, as well as office, hotel, and entertainment uses.

Beyond the existing building, the Hilltop by the Bay development would have built up the area to create an suburban village on the Hilltop property. The site was entitled for 16.7 million square feet of overall building area, including up to 9,670 housing units. This would have allowed for expansion and development with a variety of uses including a Marriott Residence Inn.[14] The mixed-use offered by the Hilltop by the Bay development would have enabled a "work, live, play" environment for those who utilized the full breadth of retail spaces that were intended to be offered once the development was completed.

The project was never completed. For some reason, 99 Ranch decided to withdraw and subsequently, other planned tenants followed suit. Due to COVID-19, the pandemic prompted the owners to dub the location, "The East Bay Science and Technology Center."[15] In February 2021, the mayor of Richmond, California announced that the logistics company Progolis was buying most of the land with the intention to build a logistics center along with other developments, including housing.[16]

Anchors[edit]

  • Walmart (150,000 sq ft (14,000 m2))

Former anchors[edit]

  • Capwell's, Opened with mall in 1976, closed in 1996 following its merger with Federated; Macy's refurbished and relocated their existing store here.
  • JCPenney, Opened with mall in 1976 (originally located in downtown Richmond) closed on July 31, 2017.
  • Sears, Opened in 1990, closed in March 2020
  • Macy's, opened with mall in 1976 in space now occupied by Walmart. (closed March 21 2021)

Notes and references[edit]

Oakland Tribune (Richmond-area edition), Sept. 3, 1976, page 13

  1. ^ a b "Simon Property Group". themills.com. Archived from the original on 14 November 2006. Retrieved 24 April 2018.
  2. ^ "Richmond Chamber of Commerce: History". rcoc.com. Archived from the original on 2 March 2007. Retrieved 24 April 2018.
  3. ^ Richmond History Archived 2007-09-04 at the Wayback Machine, retrieved 09-08-07
  4. ^ Images of America: Richmond (Paperback) by Donald Bastin, Arcadia Publishing (SC), November 2003
  5. ^ "Archived copy". Archived from the original on 2017-07-02. Retrieved 2017-08-29.CS1 maint: archived copy as title (link)
  6. ^ a b c Air Jordan release sparks violence at Richmond, Fairfield malls Archived 2015-10-01 at the Wayback Machine, Karl Fischer, Contra Costa Times, 23-12-2011, access date 25-12-2011
  7. ^ Sciacca, Annie (31 July 2017). "End of an era for JCPenney store closing in the East Bay". The Mercury News. Retrieved 1 October 2018.
  8. ^ Tyko, Kelly (February 6, 2020). "Sears and Kmart store closings continue. Is your location closing in early 2020?". USA TODAY. Retrieved 2020-03-15.
  9. ^ https://www.mercurynews.com/2021/01/05/macys-to-close-richmond-location-leaving-more-dead-space-at-the-hilltop-mall/
  10. ^ Andersen, Ted (April 22, 2021). "Why a S.F. developer just bought Richmond's former Hilltop Mall". American City Business Journals.
  11. ^ "Archived copy". Archived from the original on 2017-07-27. Retrieved 2017-07-28.CS1 maint: archived copy as title (link)
  12. ^ Mike, Aldax (24 July 2019). "Shops at Hilltop announce upcoming food/entertainment additions".
  13. ^ Dan, Lucky (24 February 2018). "In-depth: Richmond's Hilltop Mall reinventing itself for 21st century". kron4.com. Archived from the original on 25 March 2018. Retrieved 24 April 2018.
  14. ^ Mike, Aldax (3 December 2019). "SAfter many years without a hotel project, Richmond is reviewing two".
  15. ^ https://www.bizjournals.com/sanfrancisco/news/2020/08/21/richmonds-hilltop-mall-on-the-market-again.html
  16. ^ https://richmondstandard.com/richmond/2021/02/17/richmond-mayor-offers-update-on-latest-plans-for-hilltop-mall/

External links[edit]