Merry Hill Shopping Centre had agreed to become tenants of a new department store in the final phase of the shopping complex. It opened on 23 October 1990, replacing the recently closed stores in nearby towns West Bromwich and Dudley; the retailer had hoped that its Merry Hill store could co-exist with the West Bromwich and Dudley stores, but the onset of the recession and a general downturn in trade in these towns led to the closure of both stores on 25 August 1990. On 24 December 1990, the shopping centre was sold to Mountleigh. Development of the steelworks site did not commence until
Merry Hill Shopping Centre autumn 1989, when construction began on The Waterfront development, which consisted of Phases 6-8. Phase 6 saw the construction of of offices (the first of which were occupied in December 1990), Phase 7 saw the construction of of restaurants and bars and Phase 8 saw the addition of a business park, which was completed in 1995. Waterfront Way was opened in early-December 1990 to serve the new complex and provide a road link to the shopping centre and also to the main A461 road. The Waterfront development created some 4,000 jobs, but the onset of the recession in 2008 saw