In February 2021, Richmond mayor Tom Butt announced that logistics company Prologis was buying most of the land with the intention to build a logistics center along with other developments, including housing. In April 2021, Prologis completed the acquisition of the site for $117 million; they announced plans to demolish the mall and reuse the site: "The purchase of the 78-acre site marks the beginning of Prologis' efforts to pursue a mixed-use development that includes residential and retail as well as the modern logistics facilities that are the company's specialty."
