Overview

• A Walmart-linked LLC submitted a Redevelopment Assistance Capital Program application seeking $7.5 million to clear the aging mall and build a mixed-use destination with retail, restaurants, entertainment space, public areas and upgraded utilities.
• The application outlines full demolition of about 1.1 million square feet, with site work beginning as early as April 1, 2027, construction from December 2027 through December 2028 and a grand opening targeted for mid-2029.
• The filing lists an estimated $15 million project budget, with the state grant covering roughly half, and remains under state review with no final approvals publicly disclosed.
• Walmart bought the property in early 2025 for about $34 million through South Saturn Ridge LLC, acquiring the main mall, adjacent strip center, an entrance expansion and land parcels for Best Buy and Firestone.
• Current tenants report limited communication and uncertainty about relocation as a Walmart spokesperson says the company is very interested in redevelopment but is not sharing site plans at this time.