PALO ALTO (CBS SF) – One of the biggest destinations for luxury shopping in the Bay Area could be getting a bit of an overhaul if the Stanford Shopping Center in Palo Alto follows through with plans for a remodel.
Plans for a revamped Stanford Shopping Center are slated to go before the Palo Alto Architectural Review Board later this year.
With stores like Bloomingdales, Nordstrom and Neiman Marcus, the Stanford Shopping Center has been known as hub for high end shopping on the Peninsula, but has recently seen a drop in customer traffic. Those customers may be opting for luxury shopping centers in San Francisco and San Jose.
Consequently, the owners of the Stanford Shopping Center are reportedly planning to freshen things up – specifically, demolishing the old Bloomingdales building and replacing it with five new retail buildings, including a smaller version of Bloomingdales.
One possible point of contention for shoppers is that the overhaul apparently whittles down the number of parking spots available for customers.
KCBS’ Matt Bigler Reports:
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