[4] The rest of the mall opened in phases between 1991 and 1992, by which point Kohl's had been added as a fourth anchor store.

This mall was entirely vacated in 1995 after its anchor stores Kmart and Joseph Spiess Company had closed and was demolished in 2002.

In addition, Carson's submitted plans to expand its store in order to include more departments not already present, such as housewares and men's shoes.

[9] Nine business owners within the mall attempted to file a lawsuit against Wilmorite in 1997, claiming fraud and misrepresentation of contract.

John Anderson, then the chief executive officer of Wilmorite, said at the time that the addition of Von Maur had the potential to bring more "upscale" stores to the mall.

[14] As a condition of opening Von Maur, Wilmorite received a $9 million sales tax rebate from the city of St. Charles.

As a result of this acquisition, Classic Cinemas owned all three movie theaters serving the city of St. Charles at the time.

In addition, American Eagle Outfitters expanded its store, and Claire's relocated to the former location of Afterthoughts, which it acquired that year.

[20] Wilmorite sold most of its shopping malls to Macerich in December 2004 in order to put a greater focus on properties in the Rochester, New York area.

Sue Klinkhamer, then the mayor of St. Charles, told the Arlington Heights Daily Herald at the time of the sale that she thought that Wilmorite did not market the mall successfully, due to its distance from the company's headquarters in New York state.

Among the closures were Sam Goody and Casual Corner, both of which went out of business entirely, and Lane Bryant, which was one of several stores to relocate to Geneva Commons.

John Melaniphy of the Chicago-based retail analyst firm Melaniphy and Associates Inc., also attributed the mall's decline to it being too big for the market, as well as its distance from major freeways in the area and increased competition from big-box stores that had opened throughout St. Charles in the interim.

[25] No further change was made on the mall property under McKinley's ownership, thus creating a further decline in tenancy.

[27][28][29] After over a year, there had been no indications of communication between mall ownership and the city in terms of beginning construction for these projects,[30] On January 4, 2011, Sears announced that their Charlestowne location would close before April 3, 2011 after negotiations between the new mall management company and Sears officials broke down.

[33] On November 14, 2013, The Krausz Companies acquired the mall property and planned to rename it as The Quad St. Charles.

The new owners planned to demolish the Sears wing of the mall and completely remodel the interior and exterior.

The Kohl's store at Charlestowne Mall was one of eighteen closed that year by the chain due to unprofitability.

[40] In 2021, the partnership of Lormax Stern and S. R. Jacobson bought the mall from Krausz and announced further plans for redevelopment.

These called for the demolition of most of the property except for Von Maur and the movie theater, with construction to include townhouses and a hotel.