Plans for Lakeside Marketplace were announced by Glen Investors, a subsidiary of McArthurGlen Group based in Washington, D.C., in January 1988.

Lakeside Marketplace was then considered complete, with a total of 76 stores and restaurants in 269,300 square feet of space.

[8] Before construction on the mall was complete, McArthurGlen offered to sell an ownership stake in the property as the developer tried to raise funds for future projects.

[12] Horizon sold 22 of its outlet malls, including Lakeside Marketplace, to Prime Retail LP on June 15, 1998.

At the center of the mall area, The Eatery Dining Pavilion was added, with a prominent clock tower.

[17] Many of the tenants in the new addition came from Bristol's outlet mall, which was demolished the same year after a long decline in sales.