The store closed on September 21, 2008 and remained vacant until it was occupied temporarily by The Community Food Bank of New Jersey in 2011-2012 while their permanent location was torn down and reconstructed.

Construction began in 2010 on a Golden Corral restaurant near the main entrance to the mall (where the former Dairy Queen stood, before moving into the outer building where the AT&T store and Wells Fargo bank are located) and opened in 2011.

It also includes $23 million for transportation upgrades such as a reconfiguration of Exit 36 of the Garden State Parkway, an intersection between West Jersey Avenue and the Black Horse Pike, and a boulevard style road network.

[3][4] In July 2012, Cedar Realty Trust announced plans to raze 1/3 (over 250,000 square feet) of the mall including the former Value City location, forcing tenants to relocate.

After demolition, Cedar Realty Trust planned to do some improvements to the location such as a new south entrance to what is remained of the main shopping center, new landscaping, parking lot improvements, and fencing off the excess land in the rear part of the property to put up for sale as vacant commercial land unless phases of new development occur under the owner.

[5] On January 28, 2013, the Steinbach Time Capsule was dug up in a small ceremony due to demolition process needing it to be moved.

The plaque and contents of the capsule were given to the Egg Harbor Township Historical Society who will create a display in remembrance of the mall at their location.

[9] In February 2017, the Carrabba's was closed abruptly along with 13 others due to under performance,[10] in Fall 2019, Burlington Coat Factory moved to Consumer Square in Mays Landing.