Alan Wong, Emily Chen, and John Nguyen bought Vallco and began renovation of the mostly empty mall in 2005. By 2006, Vallco had the lowest occupancy rate of any mall in the area, at just 24 percent. One of the changes made to Vallco as part of these new renovations was to completely close the first of the mall's two levels in 2005 (with a handful of exceptions including Cupertino Ice Center, Strike! Bowling (later Bowlmor Lanes), and Dynasty Seafood Restaurant), leaving the focus on the second floor. From there, new tenants were pulled in over the next few years.