Business

Major Facelift Planned For Stanford Shopping Mall

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(Simon Properties)

(Simon Properties)

MattBigler20100909_KCBS_0384r Matt Bigler
KCBS's Matt Bigler started as a reporter/anchor in 2004, and is now...
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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:

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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