Dave & Buster’s has officially signed a lease for a new two-story location at the Valencia Town Center, marking a significant development in the area’s commercial landscape. This announcement comes as part of Centennial Real Estate Corp.’s ambitious nearly $200 million investment into the town center, which aims to transform the site into a mixed-use destination.
The Texas-based entertainment and dining chain is known for its motto, “Eat. Drink. Play,” and will feature a full-service bar and restaurant alongside an arcade and a bowling alley, according to sources familiar with the deal. The establishment caters primarily to an adult demographic, with a policy requiring minors to be accompanied by a guardian aged 25 or older.
Details of the Development
The new Dave & Buster’s location is expected to be situated near the former Sears space within the Valencia Town Center. While Centennial’s marketing team has not commented on the deal, a representative from the nearby Northridge location expressed unawareness of the signing at the time of publication.
Rumors regarding a potential Dave & Buster’s in Valencia have circulated online for years. This interest aligns with the broader vision proposed by the Santa Clarita Planning Commission, which approved a framework for the property that includes a mix of shopping and residential spaces, similar to the Irvine Spectrum Center.
Centennial has publicly supported the city’s vision but has provided limited details about its plans. Previous discussions included a request for public funding from the City Council to support a 1,500-space parking structure integral to the development. If approved, the funding would facilitate various enhancements, including pedestrian bridges, new event spaces, and the creation of approximately 4,165 construction jobs and 1,200 permanent positions.
Future Prospects for Valencia Town Center
The initial phase of development will see the construction of 300 senior housing units, part of a larger plan that anticipates 2,200 residential units across the 111 acres designated for the Town Center Specific Plan Area. The commercial sector is expected to feature a 160,000-square-foot Costco and its accompanying gas station, strategically located on Magic Mountain Parkway.
Additionally, there is speculation about an expanded concept for a Dick’s Sporting Goods store, potentially incorporating sports fields and courts, though this has not yet been confirmed. As the development progresses, updates regarding the plans and timelines are anticipated.
As details continue to unfold, the establishment of Dave & Buster’s at the Valencia Town Center is poised to enhance the area’s appeal, providing residents with new entertainment and dining options. More information will be shared as it becomes available.
