[4] At the time it was built, its location was unusual as it was one of only a few malls in the Houston area not near a highway.

In 2015 the mall was purchased by Guardian Equity, which planned to remodel the common spaces.

[12][13] In mid-2018, its name was again changed to Macroplaza Mall, to allude to it being a gathering place like the plaza of the same name to the south in Monterrey, Mexico, and to emphasize a new focus on the area's Mexican American community.

Palais Royal closed in 2020 when its parent company Stage Stores filed for bankruptcy.

[14] On November 9, 2020, it was announced that Sears would close on January 24, 2021, as part of a plan to close seven Sears stores nationwide, leaving the mall with no anchor stores.