Independence Mall was developed by a partnership between Philadelphia-based Strouse, Greenberg & Co. and Wilmington-based The Oleander Co. It opened in 1979 with anchor stores Belk-Beery, JCPenney, and Sears. A notable feature of the mall was the mosaic murals depicting Wilmington landmarks and landscapes, designed by artist and retired savings-and-loan executive Samuel D. Bissette.
New owners and expansion
In 1997, the mall was sold to Westfield America, Inc., a precursor to Westfield Group, Westfield's management would oversee a major expansion, which would add a fourth arm to the mall, anchored by a new Dillard's store and including a 400-seat food court. The name of the mall was changed to Westfield Shoppingtown Independence in 1998. In 2005, the Shoppingtown name was dropped, however the signs still have the Shoppingtown name in it. In 2000, Independence Mall Cinemas, a three-screen theater complex operated byCarmike Cinemas, which opened in 1979, was demolished to make way for the new Dillard's wing, which the new store opened on March 16, 2001, while the new wing opened on March 21, 2001. On May 9, 2006, Westfield sold the mall to Centro Properties Group which its joint venture subsidiary Centro Watt managed the property, and then the name of the mall returned to Independence Mall. In 2012, It was announced that the carousel in the center court would be removed after eight years of operation.
Financial Issues and Redevelopment
In October 2014, a $110 million loan on Independence Mall went into default after payments were overdue for more than a month. As of July 2016, a foreclosure auction date had been set for later that month, however the date has continuously been moved in efforts to continue discussions with the loan borrower, Centro Independence LLC. A property appraisal done in December 2015 valued the mall at only $61 million. On June 27, 2017, Rouse Properties purchased the mall for $45 million and announced the redevelopment of the mall into a modern open-air shopping center and change the mall's name to The Collection at Independence. On April 6, 2018, it was announced that Sears would be closing as part of a plan to close 24 stores nationwide. The store closed inJune 2018. In August 2019, the final plans for the redevelopment of the mall has been approved by the city of Wilmington, and shortly after, the remaining tenants at the former Sears wing have been relocated to the 3 remaining anchor wings, and as a result, the Sears space along with a nearby mall entrance that also used to house Ruby Tuesday, Leland-based San FelipeMexican Restaurant, and Nikki's Sushi, has been blocked off to make way for the demolition and redevelopment. The current name of the mall will be retained.
