Macerich Co. has refinanced $61.2 million of debt on Crossroads Mall with a 10-year, fixed-rate loan, said Mark McGovern of CB Richard Ellis-Melody Capital Markets in San Diego, who arranged the financing through Bear Stearns. Crossroads Mall, built in 1974, has 1.1 million square feet of rentable space with tenants including American Eagle Outfitters, Victoria's Secret and anchors J.C. Penney Co. Inc., Foley's and Dillard's.

Maybe they have something planned for Crossroads if they are refinancing debt. Such as renovating or better yet tearing down and rebuilding.

They demolished the Boulder, Colorado Crossroads Mall and they are building this.

http://www.twentyninth.com/about/index.jsp

The 240/I-35 interchange reconstruction is not to far down the road. From what I understand construction is expected to begin in 2007.