Independence Mall will soon be rebranded.

What happened: After months of delayed foreclosure sells, Independence Mall, excluding anchor stores Dillard's and Belk, was sold to the New York City-based Rouse Properties for $45 million in July 2017.

What's new: Rouse Properties has spoken in recent weeks about a major renovation to the mall as it looks to revitalize it as a retail destination. As of now, however, the company is focused on determining the best course of action for the future.

What's next: Rouse has announced that Independence Mall will soon be rebranded as The Collection at Independence and could undergo a major reconstruction, including the removal of several sections of the interior to allow for exterior retailer entrances and the construction of a restaurant streetscape that would attract high-volume eateries and new-to-the-area restaurants. The intention, according to Rouse's initial plans, is to transition the mall from a completely enclosed shopping experience to a more modern, open-air design. A grocery store is also being eyed for the site, but no timeline has been announced for the redesign plans.