[7] Madison Marquette announced plans to improve lighting, the parking lots, and sidewalks as well as to fill vacancies.

[8] On September 23, 2013, the Granite Run Mall was sold to BET Investments, a real estate development firm owned by Bruce Toll and Michael Markman, at a cost of $24 million.

[9] BET Investments intends to convert the mall into a mixed-use development consisting of residential, retail, and entertainment.

[9][10] The initial plans for the redevelopment project would keep the three anchor stores but would demolish the remainder of the mall and replace it with an outdoor shopping and dining area.

[12] The three department stores would remain, with the upper level of JCPenney becoming a movie theater, while the interior of the mall will be demolished and turned into an outdoor shopping and dining area with upscale establishments.

As a result, the mall announced plans to demolish the former JCPenney and replace it with new retail space and a movie theater.

[19] Currently, the mall sees major traffic from nearby Penncrest High School, which is located across from Pennsylvania Route 352.