 In 2006, Prudential Real Estate sold Neonopolis to a development group led by Rohit Joshi for $25 million.Joshi undertook an abortive rebranding of the center as Fremont Square, but ultimately the Neonopolis name was retained.After temporarily closing in 2010 for redevelopment, Neonopolis underwent renovations in 2011 and reopened with new tenants.