The stables still exist, connected by a small pedestrian/horsecart bridge over Route 9, but they can only be accessed via mall entrance road.

In preparation for the mall's opening, the Freehold Circle was eliminated and rebuilt into an at-grade intersection with traffic lights and jughandles.

[citation needed] The mall officially opened on August 1, 1990; the public opening was preceded by a private "preview" gala and fundraiser for CentraState Medical Center which included papier-mâché racehorse centerpieces and a fabric replica of the food court's carousel, which had not yet arrived from Italy.

[6] The mall originally had two anchors: Sears and Lord & Taylor, with construction already underway on JCPenney which later opened in 1991 as well as Nordstrom which inaugurated in 1992.

[9] New additions include single- and two-story retail spaces, and two new parking lots which were built on site to replace those that were lost.

[citation needed] On July 18, 2011, Borders Books & Music announced that they will be liquidating all of their stores, including their Freehold location.

They hosted a grand opening festival including giveaways, contests, and also a Birds of Prey exhibit as well.

In May 2020, Nordstrom, which also maintains several outposts nearby, announced plans to shutter along with several additional locations as a direct result of pulling back due to the COVID-19 pandemic.

[14] In August 2020, it was announced that specialty department store retailer Lord & Taylor would shutter its traditional brick and mortar format as a direct result of the COVID-19 pandemic.

As of 2023, a new Lidl occupies an outparcel space while a new Bob's Stores opened as an attached fixture at the mall next to Primark.

[23] The expansion of zoning allowances grants the owners of the mall the ability to include more commercial amenities, such as; movie theaters, performing arts venues, indoor amusement parks, roller rinks and other assortment of recreational activities.