Each of the 90,000SF floors at the old Dillard's will be converted into huge banquet and event spaces.
Several restaurants and local businesses of all types have already signed leases.
The out-of-state owner has partnered with a local group that is driving the leasing activity and organizing the cleanup needed after several years of complete closure.
The JC Penney building is still on track to becoming a large Asian food and restaurant supply store, along with a food court. Another large Chinese buffet is planned for inside the mall.
Sante Fe South schools own the buildings and operate facilities at the other two previous department stores: Wards and John A. Brown/Foley's/Macy's.
If all goes to plan, the mall should reopen its doors in August or September.
