The outdoor mall is estimated to cost have $85 million[3] to be built by its developers, Cordish Company and Heritage Properties, Inc..[4] It was to be anchored by a 16-screen movie theater operated by Cinemark.

The developer intended to incorporate into a planned park an existing, an historic cemetery that borders on Shealy Avenue.

On Thursday, July 10, 2014, Cinemark officially opened its 15 screen movie theater at Towson Square as part of its 30-year anniversary celebrations.

It also features Cinemark's NextGen concept that has been described as offering "the latest technology and amenities under one roof.

In 2014 Towson Square was sold to Retail Properties of America Inc [9] for $40.5 million, thus allowing them to integrate the development adjacent into one entity called Circle East.