On September 1, 2013 the mall went into foreclosure after then owner CBL & Associates Properties defaulted on mortgage payments, and it was purchased at auction by the lender in January 2014.

[2] The anchor stores are Target, Belk, Dillard's, Mixed Bag Productions, and Medical University of South Carolina.

[citation needed] At the time of its opening, Citadel Mall was anchored by Sears which relocated from a free-standing location in Downtown Charleston at Calhoun and St. Philip Streets.

The Richard E. Jacobs Group added a Food Court and completely remodeled the mall's interior in the early 2000s.

CBL added a sixth anchor store to the mix in 2005 - Dick's Sporting Goods on an outparcel next to the mall's freestanding six screen AMC Theatres.

On April 8, 2008, AMC Theatres announced that it was closing its Citadel Mall Cinema 6 after the final showing on Saturday, June 28, 2008.

The show pitted two couples against one another for the chance to win a lease of a vacant food court space at the mall for a year.

Citadel Mall is seen as a highly attractive property due to its central location and visibility at the convergence of two major highways and an interstate and the fact that it has 6 successful anchor tenants and a new state of the art IMAX cinema complex.

It was announced on February 24, 2017 that the mall was purchased for $17 million by TMP SRE 1, LLC, a limited-liability company of local business persons led by managing partner Richard C. Davis who is noted for developing and starring in the first season of A&E's "Flip This House" reality television series.

They stated that the acquisition of the Sears parcel was the final piece of a three-step process to transform the mall "into something more grand and consistent with the West Ashley revitalization plan.