No, in the sense that the plans have not yet been approved by the Design Commission and there is a required public hearing and write-in feedback opportunity (both will be announced in the months ahead) that are a part of the formal review process. In the meantime, you can contact your elected officials, Mayor Keith Wilson, your City Councilors, etc, to express your concerns, and do the same to local media. If many Portlander’s speak out loudly against the planned closure and demolition of Lloyd Center, it could effect the outcome.

Also, while the master plan put forth by Urban Renaissance Group is quite detailed, it still bills itself as a “conceptual site layout” and a “"flexible and inclusive urban design framework.” In this sense, it is expressly open to possibilities like finding new buyers for sections of the property, etc. The only way to save Lloyd Center from demolition is to be very vocal in the months ahead!

No. This is a misconception based on the demolition of the Nordstrom building that occurred over the summer (2025). Nordstrom was but a fraction of the footprint of the greater mall. Maybe 1/16th of the site as a whole. Nordstrom was demolished to make way for a music venue by AEG/Monqui.

You better believe the owners plan to demolish the mall - they said so in a tenant meeting on July 24, 2025. A glance at the newly available master plan shows no obvious indication of retaining the ice rink.

There is a new music venue by AEG/Monqui being built in the footprint of the recently demolished Nordstrom building. This ambitious new music venue will be large (4000 capacity) but it is still only a fraction of the mall as a whole. Look for the site of the music venue at the west end of the mall at the corner of NE 9th Ave. and NE Multnomah St.

The rumor dates a number of years back but no, there are no serious talks of a baseball stadium being built at the Lloyd Center site. The Portland Diamond Project seeks to secure a site for a major league baseball stadium and has ranked Lloyd Center as a possibility alongside other prospects like Zidell Yards.

This is the big question many tenants and community members are naturally curious about. The mall owners and management have signaled closure sometime in 2026, seemingly awaiting the approval of their recently submitted master plan.

The mall has leased spaces as recently as November 2025, although these are short-term leases. Beginning in 2026, all tenants are on short term, month-to-month leases.

The mall is joint owned by KKR and Urban Renaissance Group. KKR was the lender to the previous owner of the mall who borrowed $177 million in 2015 to finance significant renovations to Lloyd Center. When the previous owner couldn’t pay their debt, KKR foreclosed on the property and brought Urban Renaissance Group on as a managing partner. Urban Renaissance Group has been the public face of Lloyd Center’s redevelopment plans while the New York-based KKR remains the silent partner and majority share owner.