Footwear retailer DSW will open a second location in San Jose at Almaden Plaza. The new store will occupy roughly 14,400 square feet previously held by a furniture retailer at the 5353 Almaden Expressway shopping center.
Almaden Plaza already anchors a mix of large tenants including T.J. Maxx, Sports Basement, and Hobby Lobby. Recent additions include TleafGreen Burmese Kitchen, with a Benihana restaurant also on the way. The center sits near residential neighborhoods and other retail destinations such as Oakridge Mall and Almaden Ranch Marketplace.
DSW currently operates one San Jose store on Stevens Creek Boulevard, more than six miles from the planned Almaden Plaza site. The chain, owned by Designer Brands, runs more than 500 stores nationwide and has signaled additional openings this year.
Silicon Valley retail vacancy has tightened over the past year, falling from 5.3 percent to 4.9 percent. Limited new construction has helped strengthen leasing demand, particularly in the San Jose-Campbell-Los Gatos area.
Source: Silicon Valley Business Journal
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