Retrofit Atlas

Malls · Washington

Lakewood Mall

Imported, unreviewedRedevelopedOperatingLakewood, WA

Closed 2001. Redeveloped in 2001.

Status nowOperatingextracted, unreviewed
documented
Lakewood Towne Center is a shopping center located in Lakewood, Washington

en.wikipedia.org

What it becamecivic, retail, entertainmentextracted, unreviewed reported
Retrofit year2001extracted, unreviewed reported
Walkability19 of 20 · 15-minute 6 of 6EPA, OpenStreetMap
Rail within 800 mNoOpenStreetMap, HUD
Claim this site Ask who owns this
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Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.

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Site profile16 elements · what this site is built with · tap a chip for the evidence

Finance and pipeline
On FacebookThis site: …https://www.facebook.com/435886253280621 overture · all sites with this
Place
15-minute neighbourhood (5+ of 6 daily needs within 800 m)This site: 6/6 openstreetmap · all sites with this
Bike network nearbyThis site: 27 ways openstreetmap · all sites with this
Grocery within 800 mThis site: 3 stores openstreetmap · all sites with this
High earthquake riskThis site: Very High fema-nri · all sites with this
High natural hazard risk (FEMA NRI)This site: Relatively High; earthquake fema-nri · all sites with this
High social vulnerability tract (SVI ≥ 0.75)This site: 0.77 cdc-svi · all sites with this
Renter-majority tractThis site: 53% census-acs · all sites with this
Tract house prices doubled in 10 yearsThis site: +130% fhfa · all sites with this
Tract income up 60%+ since 2013This site: +77% census-acs · all sites with this
Tract population up 25%+ since 2013This site: +26% census-acs · all sites with this
Walkable block group (EPA ≥ 12)This site: …index 19 epa-walkability · all sites with this
Strategy
RedevelopedThis site: Lakewood Towne Center was created when MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001, and turned the site into… extraction · all sites with this
New use
Civic and governmentThis site: …new_use field extraction · all sites with this
Entertainment and sportsThis site: …new_use field extraction · all sites with this
Retail (continued)This site: …new_use field extraction · all sites with this

All elements and lists · Trends

Now

StatusOperatingextracted, unreviewed
documented
Lakewood Towne Center is a shopping center located in Lakewood, Washington

en.wikipedia.org

StrategyRedevelopedextracted, unreviewed
documented
MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001, and turned the site into an open air destination

en.wikipedia.org

New usescivic, retail, entertainmentextracted, unreviewed reported
What is there nowLakewood Towne Center was created when MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001, and turned the site into an open air destination.extracted, unreviewed
documented
Lakewood Towne Center was created when MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001, and turned the site into an open air destination.

en.wikipedia.org

Retrofit year2001extracted, unreviewed reported
DeveloperMBK Northwestextracted, unreviewed

History and original facts

Closed2001extracted, unreviewed
documented
MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001

en.wikipedia.org

CountyPierce County
Census division9 · Pacific
NotesWikipedia categories: Demolished shopping malls in the United States

Not yet recorded: acres, GLA, year opened, original developer. Know it? Tell us.

Planning

No zoning change, subsidy or policy tool recorded for this site.

Deals and debt

DateEventPricePartiesSource
2001Sold—MBK NorthwestWikipedia

Securitised debt and public filers

Filings (2001 to date) that name “Lakewood Mall” and “Lakewood” (152 hits, first 100 sampled, 6 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2004-03-30 (a sample date, not the issuance date); candidate loan vintage 2003 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.

KindFilerFilingsDatesForms
CMBS trust (weak)GMAC COMMERCIAL MORTGAGE SECURITIES INC22004-03-31 to 2005-03-3010-K 2
CMBS trust (weak)COMMERCIAL MORTGAGE PASS-THROUGH CERT SERIES 2003-IQ522004-03-30 to 2004-03-3010-K 2
CMBS trust (weak)LB-UBS Commercial Mortgage Trust 2004-C822005-03-29 to 2005-03-3110-K/A 1, 10-K 1
CMBS trust (weak)J.P. Morgan Chase Commercial Mortgage Series 2004-LN212005-03-29 to 2005-03-2910-K 1
Public owner (strong)MACERICH CO (MAC)492001-03-29 to 2015-02-2310-K 23, 8-K 23, 10-Q 3
Public owner (weak)Inland American Real Estate Trust, Inc. (IVT)142006-01-13 to 2008-02-148-K/A 10, 8-K 4
Public owner (weak)INLAND WESTERN RETAIL REAL ESTATE TRUST INC12004-08-06 to 2004-08-0610-Q 1

Before and after

Before: the mall

Enclosedyesquote

After: the retrofit

Demolished2,001quote

Hover "quote" to see the sentence each value came from. Planned figures are labelled planned. Method.

Site context

FEMA flood zoneX · AREA OF MINIMAL FLOOD HAZARDFEMA NFHL
EPA-regulated facilities within 500 m7: CHEVRON USA INC SS 94347; LAKEWOOD CITY MUNI SW; LAKEWOOD TOWNE CENTER; PAYLESS 2552 LAKEWOOD MALL TACOMA; QUALEX INC TARGET 0349EPA FRS
Census tract 530530719016,117 people, 3,811 per sq mi; median household income $74,357; median gross rent $1,382; 53% renters; 1.0% vacant units; 2.0% commute by transitACS 2023 5-year
Walkability (EPA, block group)index 19 of 20; 161 intersections per sq mi; nearest transit stop 169 m; land-use mix 0.94; 62,453 jobs within 45 min by car, 28,087 by transit; 28% of households without a carEPA Smart Location
Within a 10–15 minute walk (800 m)6 of 6 daily needs: 3 grocers, 5 schools, 22 parks or playgrounds, 16 health, 9 civic, 48 food and drink; 27 cycleway segments, 44 sidewalk-tagged segmentsOpenStreetMap
Opportunity ZonenoHUD
Housing permits, Pierce County (WA), 20241,269 units in 5+ unit buildings, 207 in 2–4, 1,731 single-family; 2023: 1,246 in 5+Census BPS
Social vulnerability (CDC SVI 2022, tract)overall percentile 0.77; socioeconomic 0.71; housing and transport 0.85; 29% below 150% of poverty; 10% of households with no vehicleCDC/ATSDR
Overture Mapsplace Lakewood Mall Shopping Center (shopping_mall, confidence 0.53, from Overture, meta); building footprint 6,603 m², 8.4261474609375 mOverture (CDLA-Permissive 2.0)
Website and socialno website listed · social: facebookOverture / Internet Archive
Attention: Wikipedia page views42,915 since 2015; 1,379 in the last 12 months (-14% vs the prior 12); peak 2021-06 with 4,447Wikimedia
Tract change 2013–2023population +26% (4,862 → 6,117); median income +77% ($41,921 → $74,357); renters 53% → 54%; median home value +93% ($221,400 → $427,900)Census ACS 5-year
Natural hazard risk (FEMA National Risk Index, tract)relatively high overall (score 95.8); expected annual loss $4.6M; high: earthquake; community resilience relatively moderateFEMA NRI
Tax-credit housing within 1 km1 LIHTC properties, 168 units: Lakewood Meadows Apartments (168 units)HUD LIHTC
Retail trade in the county, 2025 (BLS QCEW)35,647 jobs in 1,963 establishments; average annual pay $51,562; employment location quotient 1.07; employment -1.1% on the yearBLS QCEW 2025, NAICS 44-45, private
Jobs located in the tract, 20225,716 jobs; 1,076 in retail trade, 825 in accommodation and food (workplace blocks summed to tract 53053071901)Census LEHD LODES8 WAC 2022
Upward mobility (Opportunity Atlas, 2010 tract)children of low-income (25th percentile) families reached the 39th income percentile as adults; 1.2% incarcerated at the 2010 count (428 children in the sample); born 1978–83, measured 2014–15Opportunity Insights
Food access (USDA FARA 2019, 2010 tract)low-income, low-access tract (1 mile urban / 10 miles rural); 14% of residents more than 1 mile from a supermarket; poverty rate 13.7%; median family income $66,788; 476 SNAP householdsUSDA ERS
SchoolsClover Park School District (PK-12); 8 public schools within 1 mile: Clover Park High School; Lakeview Hope Academy; Park Lodge Elementary School; Special Education Services/relifeNCES EDGE
Elevation253 ft above sea level at the site pointUSGS 3DEP
Storm events in the county, 2016-20252 county-logged events: 2 debris flow; no property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events
Homes for sale in ZIP 98499, 2026-09median list price $596,238 (-0.0% on the year); 60 active listings; median 82 days on market; 20% with a price cutRealtor.com Research
Retail trade in the county, 2012 to 20232,131 establishments (-1%); 39,264 jobs (+22%)Census CBP
Housing market in the countytypical home value $559,277 (+0% 1 yr, +10% 5 yr); typical rent $1,955/mo (+2% 1 yr), 2026-09Zillow Research
House price index, tract, 2025612 (2000 = 100); +3.3% 1 yr, +44% 5 yr, +130% 10 yrFHFA
Traffic on the busiest road within 600 m (2024)17,569 vehicles a day on Gravelly Lake Dr SW (principal arterial, 4 lanes); 1,476 trucks; 20 counted segmentsFHWA HPMS

Summary, model-written

Lakewood Mall opened as a replacement for the outdoor Villa Plaza Shopping Center and operated as an enclosed mall until it began to fail. In 2001 MBK Northwest purchased the property, demolished the enclosed portion, and redeveloped the site into Lakewood Towne Center, an open‑air destination with a civic center, power center, entertainment center, and neighborhood center. The center has remained operating since its 2001 opening.

Why. The record notes that the mall was failing but does not specify the cause, such as anchor store loss, competition, or debt.

Where it stands. The site is currently operating as Lakewood Towne Center under the ownership of MBK Northwest, which has held the property since its 2001 purchase.

For a planner

  • Precedent: conversion of a failed enclosed mall into a mixed‑use open‑air destination with a civic component (city hall).
  • Policy tools used: redevelopment strategy, public‑private partnership for civic facilities, and demolition‑and‑rebuild approach.
  • Open questions: long‑term tenant stability, impact on surrounding land use, and whether any zoning or infrastructure upgrades were required.

For a developer

  • Site control: MBK Northwest has owned the parcel since 2001; no further ownership changes noted.
  • Entitlement stage: retrofit completed in 2001; the center is operating with civic, retail, and entertainment uses.
  • Market signals: opportunity score 0.0, with reasons noting the retrofit is already built, county population grew 7.5% (2018‑23), and median rent is $1,722.
  • Constraints: the record does not specify site size, floodplain, transit access, or environmental limitations.

What we do not know yet

  • Original opening year and initial anchor tenant mix are not provided.
  • Specific reasons for the mall’s failure (e.g., anchor loss, competition, debt) are not stated.
  • Detailed site dimensions, parcel boundaries, and current tenant roster are missing.
  • Information on flood risk, transit proximity, or environmental constraints is absent from the record.
  • The record is marked as "draft" verified status, indicating that some facts may be model‑extracted and unreviewed.

Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

  • South Sound Center, Lacey, WA · Malls · same strategy: redevelop; also in WA; 28 km away
  • Beloit Plaza, Beloit, WI · Malls · closed 2000; same strategy: redevelop
  • Camillus Plaza, Camillus, NY · Malls · closed 2003; same strategy: redevelop
  • Harundale Mall, Glen Burnie, MD · Malls · closed 1997; same strategy: redevelop

Elsewhere on the web

Pages with photos

Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar

Multifamily screen

  • retrofit already built
  • county grew 7.5% 2018–23
  • median rent $1,722

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

Background

Lakewood Towne Center is a shopping center located in Lakewood, Washington, a suburb of Tacoma. Lakewood Towne Center was created when MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001, and turned the site into an open air destination by creating four distinct components, including a civic center with a city hall as its centerpiece, a power center, entertainment center, and a neighborhood center. Lakewood Mall itself had been a replacement for the outdoor Villa Plaza Shopping Center.

Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.

Timeline

  1. 2001 Demolition of enclosed portion of Lakewood Mall
  2. 2001 Lakewood Towne Center opened as open air destination

Sources

  • Wikipedia: Lakewood Mall · supports: after notes, status, strategy, year closed
    6 quoted sentences
    MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001
    Lakewood Towne Center was created when MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001, and turned the site into an open air destination.
    Lakewood Towne Center is a shopping center located in Lakewood, Washington
    MBK Northwest bought and demolished the enclosed portion of the failing Lakewood Mall in 2001, and turned the site into an open air destination

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