Turning the 1960s mall into a neighborhood by developing individual parcels across several phases could take a decade or more.
PORTLAND, Ore. — Near-silent since 2021, Lloyd Center owners Thursday unveiled a grand plan for the 29-acre property in which most, if not all, of the mall will disappear in a $1 billion-plus metamorphosis.
Where that money will come from, and who will pay it, are yet to be determined. Owners are filing designs with the city of Portland this week and believe first-phase homebuilding could start in two to three years.
Urban Renaissance Group and KKR Real Estate Finance Trust Inc.’s (NYSE: KREF)
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