Opening date 1992 No. of anchor tenants 4 Opened 1992 Phone +1 951-653-1177 Owner GGP Inc. | No. of stores and services 140+ No. of floors 2 Total retail floor area 10 ha Number of anchor tenants 4 | |
Location Moreno Valley, California Developer Homart Development Company Address 22500 Town Cir, Moreno Valley, CA 92553, USA Hours Open today · 10AM–9PMSaturday10AM–9PMSunday11AM–7PMMonday10AM–9PMTuesday10AM–9PMWednesday10AM–9PMThursday10AM–9PMFriday10AM–9PM Similar Galleria at Tyler, Inland Center, Montclair Plaza, The Mall of Victor Valley, Laguna Hills Mall Profiles | ||
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The Moreno Valley Mall at Towngate is a shopping mall located on the former site of the Riverside International Raceway in Moreno Valley, California.
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Developed by Homart Development Company, the initial anchor stores in 1992 were Sears, J.C. Penney's, May Company California, and Harris Department Stores and had 140 specialty stores.
In the early years competition for tenants divided prospects between competing developers. In September 1996 the City confirmed that lower than anticipated revenues would result in a shortfall estimated to extend the payback period of the $13m infrastructure loan to an estimated 2026 with the loan peaking at $19.5m. Also, the mall was then valued at $66 million, far less than its original valuation of $107 million.
Moreno Valley Mall directly contracts with the local Police Service as well as private security firm for security services.