Village of Martinsville
A shopping mall in Martinsville, Virginia, originally opened as Liberty Fair Mall and renamed the Village of Martinsville in 2014.
Last updated August 26, 2026
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Overview
Village of Martinsville is a shopping-center brand and retail property serving Martinsville and the surrounding Henry County area in southern Virginia. The property opened in 1989 as Liberty Fair Mall, establishing a modern enclosed retail destination for a regional market whose economy had historically been shaped by tobacco, textiles, furniture, and other manufacturing industries. In 2014, the mall was renamed the Village of Martinsville, reflecting a change in identity from a conventional enclosed mall toward a broader village-style retail and service destination. The center is located in Martinsville, an independent city near the Virginia–North Carolina border. Its trade area includes communities in Martinsville and Henry County and overlaps with the wider Martinsville micropolitan area. The property’s role is primarily local and regional rather than national: it provides retail space, services, and community-oriented commercial activity for residents who might otherwise travel to larger metropolitan shopping markets such as Greensboro, Winston-Salem, Danville, or Roanoke. The name change occurred during a period of significant economic transition for Martinsville. The city had once been known for large-scale textile and furniture production, but globalization and changing trade conditions in the late twentieth century led to factory closures and substantial job losses. The Village of Martinsville therefore operates in a market shaped by population decline, changing household economics, and competition from online commerce, discount retailers, and larger shopping destinations. The mall’s continued relevance depends on maintaining a useful mix of tenants and services for the local population while adapting its format to a smaller regional market. Available reference material identifies the property as a retail landmark rather than a manufacturing or consumer-products company. No reliable information in the supplied sources establishes its owner, operator, tenant roster, executive team, revenue, or current leasing profile. Consequently, those details are left unreported. The property should not be confused with the independent city of Martinsville itself, which is a separate encyclopedic subject.
History
The property now known as the Village of Martinsville opened in 1989 under the name Liberty Fair Mall. Its development created a significant organized retail destination for Martinsville and Henry County at a time when the area still carried the legacy of a strong industrial economy. Martinsville had long been associated with plug tobacco, furniture production, and textile manufacturing, but by the late twentieth century those sectors were facing structural pressure from consolidation, overseas production, and changing trade conditions. The mall’s location gave it a role in the commercial life of an independent city that functions as the principal urban center of a broader micropolitan area. It offered residents access to multiple retail categories in one destination and complemented smaller downtown and neighborhood businesses. As the local economy changed, the property operated within a retail environment affected by employment losses, demographic shifts, and competition from larger regional markets. In 2014, Liberty Fair Mall was renamed the Village of Martinsville. The new name differentiated the property from a traditional enclosed-mall identity and emphasized a village-style commercial destination associated with the city. The available source material does not provide a detailed account of the ownership, management, physical redevelopment, tenant changes, or financial performance associated with the renaming. The property remains a locally oriented retail asset rather than an internationally recognized consumer brand. Its significance is primarily geographic and civic: it represents one of Martinsville’s principal modern retail developments and reflects the city’s ongoing effort to sustain commercial activity while transitioning away from its former manufacturing base. Further reporting would be needed to document its current anchor tenants, ownership, operating company, later renovations, or present occupancy.
Products and positioning
A community-serving regional shopping center in Martinsville, Virginia, positioned as an accessible local retail and service destination.
Shopping center · 1989
Village of Martinsville retail center
The core offering is a physical retail and services destination serving Martinsville and nearby Henry County communities. The supplied references identify the property as a shopping mall but do not provide a complete tenant directory or confirm specific current stores. Its commercial role includes accommodating multiple retail categories and providing a centralized local destination for shopping and services.
Brand decisions
2014
Rebranding from Liberty Fair Mall to Village of MartinsvilleStrategyBackground
The property had operated since 1989 as Liberty Fair Mall in a regional market undergoing economic and retail change.
Action taken
The shopping center changed its public name to Village of Martinsville.
Aftermath
The new identity positioned the property as a locally connected village-style retail destination. The supplied sources do not document subsequent commercial results or tenant changes.
Sources2 sources
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