Lloyd Center Redevelopment Underway
Northeast Portland’s Lloyd Center Mall recently began a multi-million dollar renovation that will include a reconfigured southern entrance, repositioning of the southwest anchor space, and a remodeled northeast entrance.
Lloyd Center Mall opened in 1960 to acclaim and rave reviews as an open-air center featuring over 100 stores. The mall brought in public art displays including sculptures and fountains, as well as an impressive freestanding spiral staircase.
The mall was designed by John Graham, the architect of Seattle’s Space Needle, and at the time of opening was the largest mall in the United States. The mall was also the first in the nation to feature an ice skating rink. Today, the now-enclosed Lloyd Center Mall is 1,280,053 square feet and is anchored by Macy’s, Ross Dress for Less, Barnes & Noble, and Sears, with 150 additional shops and restaurants.
The Lloyd District has seen a recent demographic shift including a 51.34% increase in average household income since 2000 within one mile with corresponding population growth of 10.52%. The local labor force has also grown, with 366,773 employees working at 28,385 businesses in Lloyd Center’s trade area.
Area attractions include the Moda Center with annual attendance of over 1.1 million and the Oregon Convention Center with annual attendance of 530,000 and $500 million in generated spending. Several residential, office, and hotel developments are also currently underway in the Lloyd District.
There are anchor, shop, and restaurant spaces now available at Lloyd Center Mall.
For more information on this project, please contact New & Neville Real Estate Services.