TJ Maxx and Homegoods to Take Over Mervyn's Site

A combination TJ Maxx and Homegoods store will take over the empty Mervyn’s space in the Cupertino Crossroads, it was recently announced. TJ Maxx will vacate its location on Homestead Road to move into the Mervyn’s space by year’s end.

That’s great news for Cupertino Crossroads at the city’s major intersection of Stevens Creek and De Anza boulevards, where Mervyn’s has been closed for more than two years and other stores have shuttered as well.

However, TJ Maxx will create another major vacancy for Homestead Square at the corner of Homestead Road and De Anza when it leaves behind its 25,000-square-foot store. The PW Market in that center closed just last fall when the entire supermarket chain went out of business.

The new TJ Maxx and Homegoods will occupy 70,000 square feet of Mervyn’s 89,500 total square footage, leaving room for another store in the space, said Kelly Kline, Cupertino’s economic development director.

Right now there are three combination TJ Maxx and Homegoods stores in the Bay Area: the Mercado shopping center in Santa Clara, the Almaden Plaza in San Jose and the San Carlos Marketplace in San Carlos.

Kline said plans are also in the works to raze the Marie Callender’s restaurant that closed at the end of January. Landowner Byer Properties plans a new restaurant pad closer to Stevens Creek Boulevard, along with additional retail space, Kline said.

In further good news for the Cupertino Crossroads, Kline said there are some “pretty serious leasing discussions” happening for the vacant PetSmart location. That storefront is actually owned by a different landowner than Byer Properties. The Byer company owns everything in the center west of Petsmart, toward Mervyn’s and Marie Callender’s.

“This is a really positive sign,” Kline said of the movement at Cupertino Crossroads. “Retail leasing across the country has been sluggish; this represents strong confidence" in the Cupertino trade area.

While Cupertino Crossroads appears to be on its way back to filling up, over at Homestead Square shopping center, things are in a state of flux. The Franco family, which owned PW Markets, also owned the entire Homestead Square center. Kline said the family recently sold the center to the Sobrato Organization, a major landowner and developer in Silicon Valley, headquartered here in Cupertino.

Kline said Sobrato officials plan to keep the center as a “strong neighborhood center.”

According to Sobrato’s website, the company owns and operates nearly 8 million square feet of commercial space in the valley, as well as 7,300 residential units up and down the West Coast.