page_title: Lloyd Center
section_title: 1988–present: Renovation and new look
hierarchical_section_title: Lloyd Center / History / 1988–present: Renovation and new look
caption_attribution_description: English: The exterior of the Sears store at the Lloyd Center mall in Portland, Oregon, from Holladay street, looking north.
context_page_description: Lloyd Center is a shopping mall in the Lloyd District of Portland, Oregon, United States, just northeast of downtown. It is owned by Arrow Retail of Dallas and anchored by Macy's. The mall features three floors of shopping with the third level serving mostly as professional office spaces, a food court, and U.S. Education Corporation's Carrington College.
context_section_description: By 1987, the mall was aging and enclosed malls were becoming the norm across the United States. Between 1988 and 1991 the mall was gradually renovated. Nordstrom ended up demolishing the Lipmans store and opening an entirely new location on its space in August 1990.  The former Nordstrom spaces had been gutted and refitted as inline stores, followed by a mall-wide renovation around late 1990-early 1991 which fully enclosed the mall and added a food court. The remodeled shopping hub was rededicated in August 1991. 
  Glimcher Realty Trust bought the center in 1998 for $167 million. 
  JCPenney closed in June 1998 and was replaced by Sears in November 1999. The Newberry's store closed in 2001, when the entire chain went out of business; it was the last Newberry's in Oregon.  Meier & Frank became Macy's in 2006. 
  Glimcher Realty Trust sold 60% of the center to Blackstone Real Estate Partners in 2010 after a deal to sell the entire mall fell through the year before. Lloyd Center was sold by Glimcher to Cypress Equities Real Estate Investment Management in June 2013.
  In February 2014, it was announced that Nordstrom would be closing its store at the mall; the store closed on January 10, 2015.
  An 18-month, $50 million renovation began in March 2015, alongside the closure of the Regal 8 cinema. Entrances to the mall will be made more pedestrian-friendly and the central space will be reconfigured with a spiral staircase. The changes are partially in response to the increasing population of the Lloyd District from newly constructed apartment buildings.
  In August 2016, Sears sold its 143,000-square-foot (13,300 m²) space to the mall's owners, who were reported to be planning a major remodeling of its upper floors, demolishing the fourth floor and expanding the third floor.  On January 4, 2018, Sears announced that its Lloyd Center store would be closing in early April 2018 as part of a plan to close 103 stores nationwide.
  On December 14, 2018, the TJX Companies announced that Marshalls would be closing in January 2019 which left Macy's as the only anchor left.
caption: The Sears store in 2017
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