No. While the mall is closed to the public there have been no demolition permits filed as of August 15th 2026. In the mean time there is still opportunity to find investors from both public and private entities to ensure we can keep Lloyd Center around!

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.

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. Approximately 1/16th of the site as a whole. Nordstrom was demolished to make way for a music venue by AEG/Monqui.

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 mall is slated to close on August 8th of this year (2026), but it’s important to not give up hope. The structure still stands and could be reopened with new vision or ownership.

Beginning in 2026, all tenants were placed on short term, month-to-month leases. The current owners are no longer leasing spaces, sadly. However we’d love to know if you were interested so that we can show investors this information! To do this, please fill out our survey found on the updates portion of this website.