The mall closed with 3 business still operating, City Trends, World Diamond Center, and a church.

[2] The mall was developed by the Edward J. DeBartolo Corporation (now known as Simon Property Group)[3] as one of the first two malls in the Memphis area, it featured four major anchor stores: national chains JC Penney and Sears, as well as local chains Lowenstein's (which was sold to Dillard's in 1982) and Goldsmith's.

These plans would call for the demolition of the former JC Penney space, as well as the mall's movie theater, to make way for the Supercenter.

However, these plans never materialized, and Wal-Mart signaled its intentions of staying at its current location when it started renovating it in early 2010.

In November 2016, the City of Memphis officially purchased the Raleigh Springs Mall property, making way for a complete demolition and re-development of the space into a civic center.

[8] The City of Memphis plans to spend approximately $32 million in capital to create a civic plaza on the space once occupied by the Raleigh Springs Mall.

The City of Memphis started breaking ground of the new Raleigh Springs Civic Center on December 2, 2017 and groundbreaking was held November 19, 2020.