In early 2015, Totem Lake Mall was sold to Village at Totem Lake LLC, a joint venture between CenterCal and PCCP, LLC. A $200 million, 12-month redevelopment of the mall was announced to begin in mid-2016, with the new mall opening in the summer of 2017. In March 2016, the mall's owner began demolishing the lower mall, with the exception of the former Ernst space which is now occupied by Car Toys and Ross; Trader Joe's took up the remaining space after construction was completed in December 2017. The upper mall and its former movie theater are next in line for demolition. The new complex, named The Village at Totem Lake, will include 400 residential units, office spaces, and entertainment venues in addition to retail space.