1998 expansion
In 1998, following The Rouse Company's acquisition of Towson Town Center, the firm expanded Owings Mills Mall and dropped "Fashion" from the mall's name, due Rouse's strategically repositioning of the mall to serve as a general "middle-market" shopping center rather than a "fashion" destination. This was part of Rouse's plans to make its malls in Maryland more competitive to modern malls such as the then-under-construction Arundel Mills, and to avoid one of its properties from competing with another one Rouse also owns.[23] The 1998 renovation and expansion added Sears and Lord & Taylor, but they closed in 2001 and 2002, respectively.[9][7] Stix n' Stuff, a short-lived furniture retailer moved into the Sears building, but closed in 2004, and the building was subsequently demolished to make way for an adjacent residential development. IFL (International Furniture Liquidators) moved into the Lord & Taylor building, but was short-lived and closed soon after. The building remained vacant until demolition.
The Rouse Company, and subsequently General Growth Properties after a 2004 acquisition of Rouse's assets, have continued to promote Towson Town Center and The Mall in Columbia as premier malls, while leaving Owings Mills Mall stuck in the middle.
When Federated Department Stores acquired Hecht's in late 2006, Macy's moved into the former Hecht's building following the conversion of every Hecht's location to Macy's, and Boscov's moved in to the original Macy's building. However, Boscov's announced in 2008 that this location would close as part of a plan to close 10 locations due to the company filing for Chapter 11 Bankruptcy.[24] This left JCPenney and Macy's as the remaining anchors.
An October 2010 story on the mall in the Baltimore Sun stated that the mall was 22.6% vacant.[10] WBAL-TV reported on November 10, 2011, that Owings Mills Mall would be demolished in 2013, with a new "outdoor style" mall similar to the revamped Hunt Valley Towne Centre to be completed by 2014.[25] An October 2014 story in the Baltimore Business Journal stated that the mall was "about half vacant."[26]
In late September 2015, the interior of the mall was quietly closed, leaving only Macy's, JCPenney, out-parcel restaurants and the adjacent movie theater in operation.[27] Macy's closed in November 2015, and JCPenney announced on January 13, 2016, that it would close its Owings Mills location in the spring.
Fixtures from the mall were auctioned in March 2016.[28] Demolition of the mall commenced in August 2016, and was completed in March 2017.[29]