Dillard’s closing at the Santa Rosa Mall, future mixed-use redevelopment in the works
On Tuesday, November 29, 2022, Radiant Partners, owners of the Santa Rosa Mall, announced that they are in contract to acquire the Dillard’s department store building and subsequent property. According to a Tuesday afternoon press release, this acquisition will allow Radiant Partners to take full control of the Santa Rosa Mall property and continue to master plan the redevelopment, continuing with their second phase of the multi-family Renaissance Santa Rosa.
“Dillard’s has long been a valued partner for the Santa Rosa Mall,” said David Schonberger, Managing Partner of Radiant Partners LLC. “The decisions to close the store and transfer ownership of the land were mutual decisions that allow both parties to pursue our strategic visions.”
- Schonberger added that their long-term approach is for a mixed-use community that will include more residential, retail, medical, education, and entertainment uses.
The deal is expected to close in Q1 2023, and Dillard’s is expected to continue operations into Q2 2023.