A Beverly Hills-based firm acquired MANCHESTER CENTER in 2011. They released details of a prospective renovation in May 2015.
Drawing from Omninet Properties

In said plan, an abandoned Gottschalks would be transformed into the Marketplace Food Court. This "artisan food community" would house over twelve restaurants and open onto an outdoor Events Plaza. The Upper Floor of the mall would be devoted to leased office suites and educational institutions.
Drawing from http://thenewmanchester.com

Eventually, the renovation fizzled out. The mall exterior was refurbished along with a portion of the shopping concourse. The redevelopment may have simply been too upscale. Given the state of the local economy, an elaborate -and expensive- "artisan food community" may not have gone over. In 2024, it was decided to reconfigure the interior of the mall with apartments (in green). Outward-facing retail will line the west and south sides of the complex.