At least one part of Town Centre Mall is reportedly up for sale, although it is not clear whether the entire mall is on the sale block. The northern and southern ends of the mall have separate owners. The total value for the whole mall is said to be an estimated $25 million.
Representatives for part-owner Brent Symonette told Guardian Business no comment could be given at the time.
Today, the mall stands almost completely empty with only two main stores pulling in the majority of revenue. Construction began on the mall in 1987, and in December 1988 the mall opened up with 22 stores. Only one of the original 22 remains. The 250,000-square-foot Town Centre Mall was built on 11 acres of land.

Answers needed
Sources close to the matter say heavy hitters are in the game to buy the mall, but they could not confirm who is in the lead. Guardian Business understands that the potential buyers for the mall are interested in converting it into offices for the government.
If that is true, the owners would ask for the few businesses at the mall to stop renewing licenses or to vacate.
Guardian Business was told the mall would be used to accommodate the temporary relocation of the Post Office.
The bubble of speculation has grown: it also appears the Independence Plaza may be in the process of being purchased. The buyers of the Independence Plaza are also looking to convert the closed City Markets into a temporary location for the Post Office Building located on East Street South.

Location, location, location
In the early days, the Mall at Marathon was not expected to perform as well as its western competition. However, some businesses in the Town Centre Mall have relocated to the Mall at Marathon and other plazas over the last two decades.
A major pull from the Town Centre Mall was Dairy Queen (DQ).
In 2009, co-owner Derek Osborne told Guardian Business, "Town Centre Mall has been losing tenants... and as far as (our) sales they were down."
He argued that location remains a key factor for his businesses. Osborne added that the inability to open on Sunday, given the mall's then Sunday closure policy compared to Marathon's more flexible one, was a concern for the co-owner because Sunday is considered a day for ice cream and family time.
Town Centre Mall has lost other major businesses, such as Lowe's Pharmacy, which is now in the Southwest Plaza; Brazitalia, Linen Explosion, Tuff's Boutique, Choozie Kids, Fashion Hall and Camp Beverly Hills.

Management
Town Centre Mall was developed by a group of partners: Brent Symonette, Stephen Smollet, Julian D'Arville and Tyrone D'Arville. It is understood that the D'Arvilles own the southern end of the mall, which includes the existing Furniture Plus. The northern end, which is owned by Brent Symonette, encompasses Cost Right and a few other retail stores.
The mall's general contractor was D'Arville Construction Company; the engineering was contracted to O'Brien's Engineering, and Smollett and Ken Swable did the conceptual and interior design.

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