Centennial, the real estate company that acquired The Shops at Willow Bend, confirmed that it plans to start demolishing a portion of the mall within a year. The demolition is part of a plan to redevelop Willow Bend into a mixed-use center with retail, restaurants, housing, office space and an on-site hotel.
The Shops at Willow Bend opened on August 3, 2001. In March 2020, Starwood Retail lost ownership of the mall due to its inability to refinance a $135.7 million loan. Centennial took over the troubled mall in 2022.
Once the demolition is complete, Centennial plans to start work on the residential and retail components of the development…