Blackhawk Plaza

Investment Overview

SWH & CBRE are proud to offer the opportunity to acquire Blackhawk Plaza, an open air lifestyle center in Danville, California.

This distinctive development enjoyed substantial success pre-Covid and is now being marketed under the auspices of the United States Bankruptcy Court for the Central District of California. An opportunistic acquisition of this once-iconic asset will allow a prospective purchaser to undertake a re-leasing and repositioning strategy in the middle of high income, supply-constrained Danville, California.

Please note that the sale is subject to Bankruptcy Court approval and overbid. Please email the listing brokers for additional information regarding the sale process.

Blackhawk Plaza was one of the Bay Area’s most ambitious upscale retail developments. Opened in 1989 as part of the master-planned Blackhawk community, the center combined luxury shopping, resort-style landscaping, and cultural attractions in a setting unlike any other East Bay shopping center.

While retailers came and went over the decades, Blackhawk Plaza ultimately found its identity not as a traditional shopping mall, but as a destination centered on dining, entertainment, and cultural attractions.

Tenants in place represent a broad spectrum of service-oriented uses and many have demonstrated remarkable resilience in the face of the center’s post-Covid decline. The complex presently consists of 53 units of which 32 are rented, representing 45% of the Subject’s existing square footage.

Access to a Virtual Deal Room containing significant source documents compiled with this sale in mind, including a CBRE MAI appraisal from May of 2026, is available upon request.

The center is located at the northeast quadrant of Blackhawk Road and Camino Tassajara in the southern portion of the unincorporated community of Blackhawk, California just east of Interstate 680 and just north of Interstate 580.

Investment Highlights

• High-visibility open-air destination retail center with significant redevelopment potential
• Value-add retail asset with significant income in place
• ±231,073 square foot open-air lifestyle center on ±9.13 acres
• The opportunity lends itself to a refurbishment/re-leasing scenario or, in the alternative, a wholesale mixed-use redevelopment to take advance of Contra Costa County's zoning change from P-1 Planned Unit Development to MUM/Mixed-Use Medium Density or both.
• Superb location in the middle of one of Northern California's premier residential communities.
• Incredibly affluent surrounding demographic: One mile 2025 Average Household Income was $310,153, projected to rise to $338,960 by 2030.
• Daily Needs Center with Diverse Tenant Mix