Late last month, Unibail-Rodamco-Westfield announced the cancellation of its $100 million expansion at Westfield Valencia Town Center. Dubbed Patios Connection, the project was supposed to take the former location of a Sears department store and turn it into a 101,000-square-foot Costco, gym and luxury movie theaters. The gym and theater components were canceled last November; now the entire project had been dropped.
Pasadena-based Kidder Mathews broker William Boyd, who has specialized in the Tri-Cities area for more than four decades, sees Westfield evolving into a residential-retail provider.
Boyd’s Kidder Mathews colleague Don Hudson, a broker with 30 years of experience, attributed Westfield’s cancellation to pandemic panic.
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