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RH signs lease for former Walnut Creek Neiman Marcus with plans for retail, food hub

50K sf complex the latest plans for troubled luxury retailer’s locations in California

RH CEO Gary Friedman and 1401 Mount Diablo Boulevard

A former Neiman Marcus store in downtown Walnut Creek could become a food, art and retail hub in the heart of the city. 

RH, formerly known as Restoration Hardware, has signed a lease for the shuttered department store building in the Broadway Plaza retail and dining center at South Main Street and Mount Diablo Boulevard, the Mercury News reported. The planned RH complex, plotted as a retail, food, wine, art and design “experience,” would take up two buildings in Broadway Plaza, including 1401 Mount Diablo Boulevard. 

The RH Gallery resembles the RH dining complex at Stanford Mall in Palo Alto, which opened in 2024, according to the Mercury News. RH is leasing the closed Neiman Marcus site in Walnut Creek from Macerich, which owns Broadway Plaza.    

In total, the new RH complex is expected to encompass 50,000 square feet across two buildings at the former department store, Shelly Dress, general manager of Broadway Plaza, told the Mercury News. 

Macerich planned the forthcoming RH Gallery in downtown Walnut Creek as “an inspiring integration of food, wine, art and design with an immersive retail experience,” Douglas Healey, a Macerich senior executive vice president for leasing, said in December 2024 when Macerich first revealed its plans. He called it “another great example of transformational leasing and the repurposing of a vacant anchor store within our portfolio.” The complex is expected to include Mediterranean-style buildings with a “glass atrium garden restaurant surrounded by fireplaces, fountains and an outdoor wine experience.”

Downtown Walnut Creek’s Neiman Marcus store closed in 2021 after the luxury retail store chain filed for bankruptcy the year prior and has been empty for the past five years since then. The company has since been purchased by Saks Global, which itself filed for Chapter 11 bankruptcy earlier this month. Saks Global opted to sell the land beneath the Neiman Marcus store across the Bay in San Francisco’s Union Square earlier this month and did the same in Beverly Hills last month in apparent efforts to stop financial bleeding. 

Chris Malone Méndez

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