[3] Anchor tenants include Hudson's Bay, Zehrs, Galaxy Cinemas, Winners, Sport Chek, Old Navy, and Shoppers Drug Mart .

[citation needed] In June 2023 Primaris REIT announced an intention to acquire the mall for $270 million from Ivanhoé Cambridge.

The traffic upgrades were paid for by Ivanhoé Cambridge as a condition of the City of Waterloo issuing a building permit for the expansion of the shopping centre.

The new prototype Bay at Conestoga Mall was the first "green" store in the company's portfolio - complete with environmentally-conscious measures such as solar panels, wind turbines, recycled carpet, and waterless urinals.

[11] Loblaw Companies, which operates the Zehrs chain of grocery stores, has owned a large parcel of land to the southwest of Conestoga Mall.

Despite much controversy with local citizens and the City of Waterloo, Loblaw planned to close the Conestoga Mall Zehrs and replace it with a much larger approximately 16,300-square-metre (175,000 sq ft) Real Canadian Superstore.