Changing economic conditions spurred by the closure of the nearby Charleston Naval Base prompted anchor JCPenney to relocate to the larger Northwoods Mall in the early 1990s followed by the exit of Service Merchandise. The mall never recovered from these moves and most specialty stores ultimately left the mall. Plans were announced in 1997 to raze the mall, with the exception of the still operating Montgomery Ward, and replace it with a number of big box retailers connected to the existing Montgomery Ward and surrounded by a few smaller shops. The mall was demolished and an 18-screen Regal Cinemas was added along with a Courtyard by Marriott hotel; however, plans for the big box retailers and other shops never materialized.
The subsequent bankruptcy of Montgomery Ward in 2000 also dealt the project a final blow. The store ultimately closed in 2001 and was later converted to office space, with Montgomery Ward's free-standing auto center converted to an art gallery that relocated from inside the mall and later would become a restaurant and daycare. The only remaining original tenant from its days as a mall, Piccadilly Cafeterias, which opened in 1976 with the mall and relocated to a newly constructed building on an outparcel at the mall after the mall was demolished, closed suddenly on July 22, 2012 and the building was sold to Cowboy Brazilian Steakhouse. The former mall site has been redeveloped as an office complex, with a Verizon Wireless call center operating in the former Ward's building and a new multi-story office tower near Piccadilly which houses the new City Hall for the City of North Charleston.
The main road where the mall was located is still is called Mall Drive.
The mall's large "town square" style clock was donated to the City of North Charleston upon the mall's closing and placed in storage. It was recently refurbished and added to the food court of the nearby newly opened Tanger Outlet Center.