Lloyd Center owners Urban Renaissance Group (URG) and KKR Real Estate Finance Trust have announced a new vision for Lloyd Center. As part of the master planning process of the 29.3 acre site, the owners have submitted conceptual designs to the City that seek to connect Lloyd Center to surrounding neighborhoods with housing and a vibrant mix of retail, entertainment, working, and community gathering space. From URG: 

The master plan envisions transforming the current inward-facing 1960’s era mall and surrounding parking lots into a mixed-use neighborhood that builds on Lloyd Center’s long history as an active, lifestyle-oriented regional destination. The reimagined layout will be opened up to the surrounding communities by connecting into Portland’s street grid with significantly improved transportation networks for bikes, pedestrians, and cars. 

The conceptual design contemplates thousands of new residences tailored toward a range of income levels, as well as an array of active and experiential retail uses, including restaurants and entertainment venues. The plan also envisions the opportunity for a large commercial office campus environment unmatched in the Central City, in addition to a significant amount of outdoor open/amenity space, parking for residents and visitors, and the continuing presence of an ice-skating rink, a long-time neighborhood favorite.

Read more about the announcement here.

In the months ahead, URG will continue their conversation with the community about how the site can evolve into a new vibrant part of the Lloyd neighborhood. In the meantime, the Lloyd Center will remain open for business during long-term, phased redevelopment and continue to serve as a hub for local retailers and community events.