The mall first opened in 1987, anchored by Lechmere and Marshalls stores.[1][2]TJ Maxx 'N More was later added in the late 1990s and it later became a TJ Maxx and HomeGoods combo store. Lechmere closed in 1997 and later became Best Buy. Marshalls closed in 2007 and became Big Lots in 2010.[3]
Simon Property Group purchased the mall in 1999. The company stopped paying the debt on the mall in October 2015 and the noteholder took ownership of the Mall.[4] At the time of the takeover by the note holder, the mall was performing very poorly. In November 2015, the mall was appraised at $14.7 million but had a loan value of $45 million.[4]
In June 2016, the mall was sold at auction to Chicago law firm Seyfarth Shaw LLP for $11.8 million, the mortgage holder of the property, after no other bids were received.[5] In September 2016, Burlington-based KeyPoint Partners, the company representing the new owners and managing the building, announced that Worcester's only enclosed shopping mall would remain open.[6]
On December 19, 2018, it was announced that Big Lots would be closing in January 2019.[7]
On September 9, 2019, it was announced that Best Buy would also be closing in November 2019.[8]
On December 16, 2019 a Boston developer bought the rundown Greendale Mall in Worcester and the new owner plans to demolish the 33-year-old shopping center and replace it with a mix of retail, apartments, and office space.[9] Plans were later changed and the mall will now be demolished and replaced with an Amazon distribution center. The mall closed permanently in 2020.[10]
On October 23, 2020, it was announced that TJ Maxx/HomeGoods would be relocating to Lincoln Plaza on April 24, 2021 leaving the mall entirely vacant and officially closed for good. It was demolished in Summer 2021.[11][12]
