Provo Council Will Discuss Mall Redevelopment
The city will review a proposal to transform the Provo Towne Centre into a new multiuse residential community.
Updated on Oct. 5, 2026 in Commercial
Live Poll
Should local officials approve the redevelopment of shopping malls into high-density residential housing?
The Provo City Council will meet on October 6, 2026, to discuss a redevelopment plan for the Provo Towne Centre. The project aims to convert the property into an indoor-outdoor walkable space featuring 1,300 apartments and 80 townhomes.
Why it matters
The mall's ownership, Brixton Capital, is pursuing the transformation due to declining foot traffic and financial performance at the site. The project, a partnership with PEG Companies, seeks to revitalize the area through high-density housing and new infrastructure.
The mall's taxable value has fallen from $25 million in 2017 to under $10 million today. The developers plan to dedicate 12% of the new residential units to affordable housing.
The players
Brixton Capital
This private equity firm owns the Provo Towne Centre and is a partner in the redevelopment project.
PEG Companies
This real estate investment and development firm is partnering on the conversion of the mall into a residential-focused site.
Provo City Council
This governing body is responsible for reviewing development proposals and zoning amendments within the city.
The details
The project involves an indoor-outdoor walkable conversion and would utilize a Housing and Transit Reinvestment Zone for tax increment financing. Plans also address the relocation of residents at the Shady Acres Mobile Home Park, who are slated to receive at least 18 months of notice and financial assistance.
Timeline
2017: Mall parcel taxable value exceeded $25 million.
March 24, 2026: City Council work session occurred regarding relocation commitments.
October 1, 2026: Open house held for redevelopment plans.
October 6, 2026: Provo City Council work session discussion.
Roadmap
This project reflects a broader trend of repurposing struggling shopping malls into mixed-use residential hubs as retail patterns shift. By leveraging the Housing and Transit Reinvestment Zone, the developers are aligning with urban planning strategies that prioritize high-density development.
Residents of the Shady Acres Mobile Home Park are impacted by the construction plans and are entitled to 18 months of notice and $10,000 in relocation allowances. The broader community will see a significant shift in infrastructure and pedestrian access around the Provo Towne Centre site.
The takeaway
The redevelopment marks a major transition for the local property as it pivots from a struggling retail space to a residential-focused hub. Residents and business owners should monitor upcoming council sessions for final decisions regarding infrastructure and housing timelines.
Further reading
For additional context on local development projects, visit Provo Commercial.
Source note: This article includes information reported by Daily Herald.
Live Poll
Should local officials approve the redevelopment of shopping malls into high-density residential housing?
