Back to today’s briefing

Story perspectives

Lloyd Center to Close, Redevelopment Plans Unveiled

2/6/2026

50 7

Summary

Story summary

Lloyd Center in Northeast Portland will close by the end of 2026, confirmed by Urban Renaissance Group and KKR Real Estate Finance Trust.
Redevelopment plans include 14 parcels with mixed-use buildings, housing, and public spaces, plus a 2.3-acre urban park.
Despite efforts to save the mall, the owners plan to demolish it.
Local businesses and patrons fear losing a beloved community space.
A virtual design-review hearing is scheduled today.

1 of 1

Story summary

Lloyd Center in Northeast Portland will close by the end of 2026, confirmed by Urban Renaissance Group and KKR Real Estate Finance Trust.
Redevelopment plans include 14 parcels with mixed-use buildings, housing, and public spaces, plus a 2.3-acre urban park.
Despite efforts to save the mall, the owners plan to demolish it.
Local businesses and patrons fear losing a beloved community space.
A virtual design-review hearing is scheduled today.