[2] The design of the plaza and its mixed use appeal to students, faculty, and surrounding residents, making it a popular community destination.

Residents of the Towers Community sign annual contracts to rent their apartments for a full academic year (fall, spring, and summer), whereas residents of all other standard housing communities on the main campus sign academic contracts to rent their rooms only for one or two semesters at a time.

[2] Residents of the Towers are provided a secure mail room, and entrance to the buildings and apartments are controlled via the students university identification badge.

Knights Plaza hosts hundreds of events throughout the year, ranging from football games that take over the entire UCF campus to block parties and bingo nights.

Knights Plaza and the adjacent Memory Mall are the prime tailgating location during home football games.

The CFE Arena has hosted many performances, such as comedians: Dave Chappelle, Carlos Mencia, Bob Saget and Bill Cosby; concerts by Paul Simon, Elton John, Reba McEntire, Nine Inch Nails; and other events such as the Harlem Globetrotters, Sesame Street Live, monster truck shows, rodeos, the circus, and a speech by former President Bill Clinton.

In order to combat this problem and increase retailer confidence, events are held frequently in the plaza and its venues; due to this, however, the students forced to deal with the additional traffic in order to reach the only study facility on-campus, "All Knight Study", which is located in the plaza also.

Knights Plaza was initially developed with plans to add additional retail space in two more phases over the coming years.