The Provo Towne Centre redevelopment proposal is scheduled to return to the Provo City Council for a work session on Tuesday, October 7, 2026, according to a October 5 report. Developers are seeking project approvals to move the plan forward and resolve outstanding issues to bring the item closer to a final vote.
Brixton Capital, the California-based real estate investment company that owns the mall, is partnering with Provo-based PEG Companies on the proposal. The plan aims to transform the existing mall into a walkable indoor-outdoor space containing 1,300 apartment homes and approximately 80 for-purchase townhomes. Target, J.C. Penney, and Cinemark would remain as anchor tenants.
Ownership stated the project intends to address community needs such as housing affordability and neighborhood investment in south Provo. The proposed development agreement includes the establishment of a Housing and Transit Reinvestment Zone (HTRZ) to facilitate tax increment financing for eligible project costs, which would require 12% of all residential units to be designated for affordable housing.
The project faces scrutiny regarding the fate of residents in the Shady Acres Mobile Home Park. Brixton Capital owns the land the park sits on and proposes to build townhomes on the property. While Brixton Capital stated it will provide residents with at least 18 months of notice before requiring relocation, specific provisions for a transition plan are not yet finalized.
During a March 24 City Council work session, Councilman Jeff Whitlock expressed concerns for the vulnerable residents, questioning if the developer would make a substantial commitment to assist in relocation. City Administrator Scott Henderson noted that Mayor Marsha Judkins proposed a $10,000 relocation allowance for mobile home residents.
The redevelopment comes as the mall faces declining foot traffic and financial returns. Utah County Assessor data from an open house held last Thursday night showed the mall parcel's taxable value plummeted from over $25 million in 2017 to less than $10 million.
Additionally, city staff has identified concerns regarding infrastructure impacts and pedestrian connectivity. The developer has previously adjusted the concept plan to address Planning Commission concerns that the design was too auto-oriented, adding features like a single-lane roundabout, bike lanes, and a community plaza.
During the upcoming work session on October 7, 2026, Brixton Capital anticipates discussing a revised concept plan and addressing concerns raised by the Council.
