What was once a thriving luxury shopping mall in Southern California is now grappling with a large vacancy.
Nordstrom at Santa Monica Place permanently closed its doors on Aug. 26, ending a 15-year run as one of the mall’s key anchor tenants. The closure had been previously announced, though no official reason was provided.
However, the announcement in early July came less than a week after a police officer was shot at the mall while attempting to arrest a suspect wanted in connection with the shooting of two teenagers elsewhere in Santa Monica.
The 527,000-square-foot shopping center, located at the southern end of Santa Monica’s Third Street Promenade, has experienced a rise in vacancies since the pandemic.
In April, the property was acquired by Prism Places, a commercial real estate management firm that pledged to restore the mall’s status as one of the region’s premier shopping destinations.
“After the devastating fires, the Westside of Los Angeles is in need of community and places to gather,” said Stenn Parton, founder and CEO of Prism Places, in an interview with the Santa Monica Daily Press. “Santa Monica has faced challenges even before the fires, and the Pacific Palisades neighborhood has endured tremendous loss—my home included. We’re motivated and inspired to restore Santa Monica Place to the heart and soul of this community.”
Prism Places’ portfolio also includes Runway in Playa Vista, Pasadena Commons and Paseo Nuevo in Santa Barbara.
KTLA has reached out to the company to learn whether any businesses are expected to replace Nordstrom in the near future.
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