On June 27, 2017, Rouse Properties (now Brookfield Properties Retail Group) 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 in June 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 Felipe Mexican Restaurant, and Nikki's Sushi (relocating to Dillard's wing), has been blocked off to make way for the demolition and redevelopment. The current name of the mall will be retained.