The mall developed by
Simon Property Group and
Homart Development Company opened in 1988, with anchor stores
Dillard's and
Sears, in a remote location surrounded mostly by farmland on the Northeast side of the city. As a result of miscalculated growth projections in the area and a less than ideal location the mall initially struggled. A 6-screen movie theater operated by
Act III Theaters under the
Santikos Entertainment brand opened in 1991, and a
Beall's in 1995. The theater and Beall's closed in 2001. The theater space eventually became a skate park and is now an Inflatable Wonderland. The Beall's space reopened as an
H&M outlet in 2017. In 1992 the mall expanded its retail area with a new wing and added a third anchor,
Foley's (rebranded as
Macy's in 2006). As the city grew to meet the mall, Rolling Oaks has repositioned itself and is a stable retail center. Additionally,
JCPenney opened a new store at the mall in 2004. The original site plan was designed to accommodate 5 anchor stores and one minor anchor store. On January 6, 2021, it was announced that
Macy's would be closing in April 2021 as part of a plan to close 46 stores nationwide. The store closed in April 2021. The mall was purchased by the
Kohan Retail Investment Group in September 2022. In 2024, the former Macy’s at Rolling Oaks Mall was bought by an entity linked with the local outlet of the Family Leisure furniture store. The company that bought it had plans to open a Family Leisure furniture store in the space of the former Macy’s. The store eventually opened later in 2024, utilizing the entire former Macy’s space.
2017 shooting On January 22, 2017, Jonathan Murphy, 42 was killed and two others were injured after two men robbed a jewelry store in the mall. Police Chief William McManus released in a statement that after the two suspects fled the store on Sunday, they were accosted by a pair of "good Samaritans", at least one of whom was armed using a
concealed carry permit. One suspect was injured in a successful attempt to stop him; however, Murphy, who was among the pair of Samaritans, was shot and killed in the process. The other suspect fled the mall, firing his weapon and injuring others. He was eventually caught and arrested by
Converse police later that day after crashing a stolen getaway car. The two suspects, Jose Luis Rojas and Jason Prieto were later charged with capital murder. In 2018, Rojas was sentenced to life after pleading guilty to the reduced charged of murder plus 20 years. Later that year, Prieto was convicted of murder instead of capital murder and was sentenced to 40 years. ==Major anchors==