Sears announced that their Charlestowne location would close before April 3, 2011 after negotiations between the new mall management company and Sears officials broke down. The store closed on March 20. After two years of no contact with the mall's ownership, city officials stated a plan in 2012 to spend $35,000 on a study to determine the best options for the mall site. No results came from the study. In mid-August the mall was put under contract to be sold by Mark Goodman & Associates. They hoped to close on the property as soon as mid-September, according to the Daily Herald. 2013present: Closure and abandonment On November 14, 2013, The Krausz Companies acquired the mall property and planned to rename it as The Quad St. Charles. The new owners planned to demolish the Sears wing of the mall and completely remodel the interior and exterior. Construction was expected to start in April 2014 and completed by late 2015. However, no demolition work began. The mall's carousel was also put up for sale due to there being no room for it in the mall's new floor plan. The Kohl's store at Charlestowne Mall was one of eighteen closed that year by the chain due to unprofitability. In mid-2017, the east wing of the mall, spanning the center court to Carson's, was closed; its mall entrances permanently locked, and a large wall was constructed on both floors near the center court. The rest of the mall interior, originally announced to close on October 31, 2017, finally closed December 1. with the exception of Carson's, Von Maur, and Classic Cinemas. On April 18, 2018, Carson's parent company The Bon-Ton filed for bankruptcy and announced the closure of all chains under its ownership, including Carson's. Although redevelopment was to begin in 2019 or 2020, plans were stalled by the COVID-19 pandemic. In 2021, the partnership of Lormax Stern and S. R. Jacobson bought the mall from Krausz and announced further plans for redevelopment. These called for the demolition of most of the property except for Von Maur and the movie theater, with construction to include townhouses and a hotel. At the time of this announcement, local developers expressed concerns that too much housing was being built in the area. In 2022, Toyota filmed a commercial inside and outside the abandoned mall promoting the new 2022 Toyota GR86 Sports Car showing off its capabilities. The