The property was foreclosed on in April 2009 and it fell under the ownership of the Federal Reserve Bank of New York due to the Bear Stearns bailout.

[4] According to Price Edwards & Co.’s 2010 Oklahoma City Mid-Year Retail Market Summary report, Crossroads Mall was 75 percent vacant.

[8] In April 2013, Raptor Properties announced plans to re-brand Crossroads Mall in a similar fashion to the revitalized La Gran Plaza in Fort Worth, Texas by attracting businesses that serve the local Hispanic community.

[9] On April 24, 2013, Raptor announced that the new name of the mall would be Plaza Mayor at the Crossroads with future renovations to include space for a grocery store, a nightclub and a rodeo arena seating 3,500 spectators.

The mall's entrances and bathrooms would have also been remodeled and the carousel moved to make way for a new stage and entertainment area[10] although these plans were never fully realized.

[citation needed][needs update] As of 2021, the mall is home to, in the former Montgomery Wards store, “Santa Fe South High School” for students and the former JCPenney is being used for a shop called “Crossroads Antiques & Collections” in the upper level portion while the lower level is used for miscellaneous events.

Brown, Sanger-Harris, Foley's, and Macy's spaces were Purchased by SFS DEVELOPMENT INC, to use as an automotive parts warehouse for a local dealership chain.