Two Columbus, Ohio-based real estate firms, Don M. Casto Organization and Joseph Skilken Corporation, first announced plans for Scottsdale Mall in 1966.

This acreage was located on land which the Indiana Department of Transportation had owned with the intent of constructing a relocation of US 20 along the south side of town.

At the time, Casto representatives stated that they had considered withdrawing their proposal to build the mall after failing to acquire the extra land.

[6] Casto was able to alter the plans of the mall in such a way that it did not interfere with the proposed highway, and announced in July 1971 that construction would begin by year's end.

[7] Representatives of Montgomery Ward and L. S. Ayres were present at a groundbreaking ceremony held on October 28, 1971, as was South Bend's then-mayor Lloyd M.

In addition to the tenants already confirmed, the mall would also feature a community center and meeting room with a capacity of 300; fountains with seating areas; and spiral staircases and escalators connecting the property's two stories.

[12] Ayr-Way held a grand opening event between August 27 and September 3, 1973, which offered over $1,500 in prizes and gift certificates to store patrons.

[17] One year later, Casto invested $500,000 in renovating the mall to give it a brighter appearance than the earth tones which it featured originally.

This included repainting the ceilings, adding banners to the mall balconies, erecting new light fixtures that resembled umbrellas, and planting Ficus benjamina and philodendron.

Despite these increasing vacancies, the mall's then-manager stated that a number of new tenants had opened that year such as Pearle Vision, Payless ShoeSource, and KB Toys.

In response, Sebastian Holdings of Chicago assumed management of the mall and hired consulting firms to study the property for its viability.

[26][21][27] Mall ownership changed again between 1992 and 1993, going first to Dial Properties of Omaha, Nebraska, and then to Richard I. Rubin of Philadelphia, Pennsylvania, by year's end.

Renovation plans held by Rubin that year included the addition of skylights and new elevators, as well as a food court and comedy club.

[31] In March 2001, a retail analyst hired by MassMutual noted that a number of malls across the country had suffered from declining tenancy due to a closure of anchor stores, and had proposed subdividing the former Montgomery Ward and L. S. Ayres spaces into big box stores such as Stein Mart or Old Navy.

By March 2002, local real estate developer Donald Cressy had expressed interest in buying the mall.

[35] The sale to Kimco and Kite was completed in July 2003, by which point Schottenstein Realty had once again joined as a partner in the redevelopment.

The three companies then proposed the first step of renovation, which would involve demolishing the former Montgomery Ward for a relocation of Target; the rest of the mall would then stay open until 2004.

[37] By the end of 2003, Scottsdale Mall had approximately 40 tenants left including the theater, comedy club, and a number of local stores.

[42] In 2013, Ross Dress for Less opened in the former location of Circuit City, which had also been occupied by a party supply store called Lilly's in between.

The property was auctioned for $23,000,000 at a sheriff's sale and sold to Cotswold Group, a real estate company from New York.