I was able to attend since Collin County is still part of my beat. The plan calls for almost the entire mall area to be raised up to street level, with all the underground being parking. So the 2nd floor of the existing mall will be ground level, with the current first level underground. 3100 apartments will be built on the site, and approximately 1000 units of 3 story condo/townhouse/small lot single family. The office will be on the west side, sold to and built by whomever wants the opportunity.
The majority of the shops will not be straight rent, but rather percentage of sales, and I believe Centurion America (the developer) will own and operate the first 9 restaurants built.
The water level in the buried creek is too low to be useful, and they are unable to dam it to create deeper water so it will remain buried. They will build a shelf and a linear park to extend the biking trail which currently ends behind BigLots/Feeds/whatever else is on the corner over there.
There were a few hundred people there, and the median age was above 60, so it's easy to see why the mall failed. That is not the demographic for mall stores. You could probably have counted the number of younger families there on your fingers and toes.
However, that is not to say they were opposed to the development, at least not vocally at the meeting.
Also it was held in the long closed Dillards, which was like a super creepy time capsule to enter again. I'm sure this helped everyone there realize that mall is a goner. Also, I swear that the few hundred people at the meeting increased the number of total people in the mall tenfold.
And if everything gets approved in time, the mall will close in August-September-ish for construction.