In November 2019, Transformco announced the closing of 45 Kmart and 51 Sears stores including the Concord location. The store closed in February 2020. The mall landed  a few non-retail tenants to fill its many vacancies in recent years. In February 2022, it was announced that all remaining stores without exterior entrances had to leave within 30 days. Mall owners apparently have plans to redevelop the mall from within.

In October 2023, a redevelopment plan was submitted and proposed to demolish most of the mall structure. This would leave the JCPenney Building and another section. The rest would be replaced with a new Costco store and 625 apartment units . The adjacent Cinema would become home to a Whole Foods Market. The project could be called Steeplegate Crossing. 

As of summer 2024, the demolition was ok'd and is about to start. In December 2024, the developer bought the lot where a TD Bank currently sits to end a lawsuit and carry on with the project. In April 2025, another lawsuit stalled the project. This time JCPenney claims the owners violated the terms of their lease, which has been in enacted in 1989, by failing to work with JCPenney on the plans. In 2023, the store extended its lease until July 2030.