The mall, built by Charles N. Agree, opened in August 1976 with Sears and Gayfers as its anchor stores.[2][3]
An East Wing, and J.C. Penney anchor store, was completed in November 1982. The Gayfers store was rebranded by Dillard's in 1999.
Cost Plus World Market and Linens 'n Things were both added to the mall in the late 2000s, resulting in the relocation of existing stores.[4] Linens 'n Things became Bed Bath & Beyond, while Cost Plus World Market has since moved to Pier Park at Panama City Beach, Florida. Planet Fitness opened next to Dillard's
In 2015, Sears Holdings spun off 235 of its properties, including the Sears at Panama City Mall, into Seritage Growth Properties.[5]
On October 15, 2018, Sears announced that it will be closing its location at the mall in the future, after Sears declared Chapter 11 bankruptcy.[6]
On December 5, 2018 owner Hendon Properties announced the permanent closure of the mall, citing costs to rebuild as the primary factor after catastrophic damage from Hurricane Michael. Dillard's and JCPenney announced their locations would be repaired and reopened as stand-alone stores in 2019.[7] Dillard’s reopened in October 2018, with reduced store hours, and has since returned to normal hours. On August 30, 2019 J.C. Penney reopened for business, Bed Bath & Beyond has closed and consolidated to its Pier Park North location as of Spring 2019.[citation needed]
On July 31, 2020, JCPenney put 21 stores up for sale, this one included.[8]
As of Saturday December 17, 2022 Planet Fitness relocated next to Kohl’s near Target and Denny’s on Martin Luther King Jr. Boulevard
