I think decoupling from the time era constraints and opening the shops and atmosphere to prequel and original trilogy arcana would be wonderful in the meantime.
Yeah, I have trouble imagining this area not just becoming the all-purpose 'Star Wars' land as time goes on. It's probably not a coincidence the land is styled in with the dusty, rocky style that is kinda the default for Star Wars instead of one of the more specific and arguably 'cooler' other places.
Somewhat ironically, Star Wars has always been somewhat 'immune' to continuity compared to other franchises. For most folks, the actual plot has always been secondary to the iconic scenes, beloved characters, etc. You could plop down Han Solo and the Mandalorian right next to each other and it wouldn't trigger most fans in the way Picard having drinks with Kirk or the current X-men wandering around with the Avengers would.