A new plan for redeveloping the Rhode Island Mall has emerged.
The two companies describe their vision for the Outlets at Rhode Island in an online brochure.
They say the 160,000-square-foot shopping center will feature top manufacturers and retail outlets. The brochure shows Sears, Kohl's and Walmart remaining as anchors.
The nearest outlet malls to Rhode Island are in Dartmouth and Wrentham, Massachusetts.
Winstanley bought the Rhode Island Mall in 2012 for $38 million and had plans to turn the space into a "power center" featuring three to six big-box stores with separate entrances and no interior mall.
Rhode Island Mall opened in 1967 as the Midland Mall. The interior portion closed in 2011, leaving just the three anchor stores.
The companies said the Outlets at Rhode Island Mall would open in fall 2015.