Riverchase Galleria, Alabama’s largest mall, is for sale: ‘The catalyst Hoover has been waiting for’
The Galleria, which opened on Feb. 19, 1986, has seen a 33% decline in foot traffic since 2019.
Mason Reed 
Four decades after first opening its doors on Feb. 19, 1986, the Riverchase Galleria is officially heading to the real estate market. As Alabama’s largest mall, the Hoover landmark commands more than 1.4 million square feet of retail space and remains a pivotal piece of the region's economic landscape.
A New Chapter for Hoover
While the property has not yet been formally listed, the upcoming sale is being met with optimism from local leadership. Hoover Mayor Nick Derzis sees the move as a major turning point, calling the sale “the catalyst Hoover has been waiting for.”
Following his election last year, Derzis noted that any future plans for the site must consider the broader commercial corridor. “This opens the door for meaningful redevelopment not only of the Galleria itself, but throughout the surrounding commercial corridor,” Derzis said on Tuesday. “The City of Hoover intends to be a strong and active partner in the next phase of this property’s future.”
Changing Retail Dynamics
Once the state's premier tourist destination, the Galleria has faced significant headwinds. Since 2019, the mall has experienced a 33% decline in foot traffic. That downturn has significantly impacted municipal coffers, contributing to an estimated $75 million loss in related revenue for Hoover since 2007.
The mall has also struggled with its public image following high-profile tragedies, including the Thanksgiving 2018 shooting that resulted in the death of 21-year-old Emantic F. “EJ” Bradford, Jr., and a 2020 shootout that killed 8-year-old Royta Giles Jr.
Beyond security concerns, the facility is wrestling with the same shift affecting aging malls nationwide, as consumer habits trend toward online shopping and outdoor lifestyle centers. A 147-page study commissioned last year recommended a $240 million, two-phase transformation that would trade excessive retail square footage for apartments, green space, and a performing arts center.
Looking Ahead
Currently owned by Brookfield Properties and managed by General Growth Properties, the mall’s future under a special servicer has previously hindered long-term investment. Mayor Derzis believes the incoming transition will finally allow for a fresh vision.
“The forthcoming listing of the Galleria property represents a positive turning point, creating the opportunity to bring a new vision, new capital, and renewed energy to one of the most important commercial assets in our city,” said Derzis. “From the outset of my administration, I made it a priority to engage with current ownership and clearly communicate the City’s expectations, goals, and commitment to seeing the Galleria thrive again.”
Joseph Bryant contributed to this report for 205focus.com.
