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<br />7 <br /> <br /> <br /> <br />Figure 2: Existing Zoning <br />Background: Development of the Stoneridge Regional Shopping Center <br />The Taubman Company was the original developer of the mall, which was planned on <br />lands annexed into Pleasanton and subdivided in the 1960’s. Construction of <br />Stoneridge Mall began in 1979 with the central mall building and the J.C. Penney, <br />Emporium Capwell, and Macy’s department stores. The Nordstrom store was added in <br />1989, Sears store and its parking structure were added in 1995. Two restaurants, a <br />Cheesecake Factory and P. F. Chang’s China Bistro were added in 2005. No new <br />development has occurred at the mall since 2005. <br />Development Agreements <br />Following the initial land use approvals that facilitated the development of the various <br />properties, the City entered into Development Agreement (DA) in 1981 with Wells Fargo <br />Bank (the then-named property owner), addressing allowable development for <br />properties in the broader area, including both the central mall parcels and peripheral <br />properties. That DA expired in June 1991. <br /> N