[3][4] The Factory Outlet Centre was expanded several times in its early years; by 1990, the mall had 117 stores totaling over 400,000 square feet.
[10] By late 2003, occupancy had slipped to 61%, and in January 2004 lenders GMAC Commercial Mortgage Corp and LaSalle National Bank moved to sue the owners, claiming the owners had defaulted on a $20 million loan, and demanded the mall be sold at sheriff's auction.
[12] The mall was later acquired in December 2004 by American Realty Advisors, in a joint venture with the Tucker Development Corporation.
Plans called to continue operating the site as an outlet mall in the near future, but to later redevelop the property into a 300,000 square foot community shopping center.
[14] By August, demolition of the mall had been finished, with construction of an Ashley HomeStore on the grounds already in progress.