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Macy's is closing its store at Paradise Valley Mall

Paradise Valley Mall.png
Posted at 2:05 PM, Jan 22, 2021
and last updated 2021-01-22 18:51:40-05

PHOENIX — The Macy's store at Paradise Valley Mall -- and one of the mall's last remaining anchor tenants -- is closing.

It is the third anchor tenant of the mall to close or announce that it would close in the last three years. Sears closed in 2019 and Dillard's announced in 2020 that it would close its store (Dillard's remains open amid its final sales).

Chompie's will close its restaurant in the spring and relocate to a larger space near 32nd Street and Cactus Road.

The closure is listed on Macy's Investor Relations website. It does not indicate when the store is expected to have its last day, however, when ABC15 called the store, a recorded message said the store was in the middle of its store-closing sale and that returns on previously bought items would be accepted until Feb. 10, 2021.

Items bought during the store-closing sale are considered to be final sale, the message said.

Macy's did not respond to an inquiry from ABC15.

(After our article published, a spokesperson for Macy's said the store would close at the end of its final clearance sale, but was unable to provide a specific date.)

The closures come as Macerich, which owns Paradise Valley Mall, and RED Development appear to be solidifying their plans to redevelop the property.

Macerich has submitted a rezoning request to the City of Phoenix, as well as conceptual renderings that show its proposal for the 77-acre property. The renderings show a multi-use development with space for housing, office space, a grocery store, restaurants, stores, and self-storage.

Related: Here is what the redevelopment of Paradise Valley Mall could look like

Macerich has acknowledged the redevelopment plans but has not formally announced the project. It is not known when construction could start nor how long it could take.

In a previous statement to ABC15, a spokesperson for Macerich said it was "evaluating future redevelopment scenarios that will be a great fit for this community and respond to market demand...As plans take more definite shape, we look forward to communicating project updates."