 On January 14, 2007, Coliseum Mall permanently closed its doors to prepare for demolition in late February 2007.The mall was redeveloped as an open-air center, anchored by the existing Macy's and J.C. Penney, along with a new Target store.On January 7, 2016; Macy's announced three Hampton Roads locations, including the one at Peninsula Town Center, would close as part of a series of 40 locations being closed in early 2016.