area around the existing Barnes & Noble store. On August 23, 2011, Barnes & Noble and Starbucks both announced that they would be shuttering their stores for good by September 2, 2011. The owners of the Jantzen Beach SuperCenter, Jantzen Dynamic Corporation, also announced that a free-standing Target would be going in at the former Barnes & Noble site, and that the then-existing Target store and adjacent wing of the mall would be permanently demolished. In April 2012, center managers Edens & Avant Realty Inc. announced $50 million in renovations that would begin that month and finish by the middle of 2013. By the time of the 2012 renovations, the mall's name had changed back to Jantzen Beach Center. The new Target store opened in October 2012. The renovations were to include the vintage carousel, but by June 2015, long after completion of the work on the mall, the carousel had not been returned, but remains in storage in a building on the shopping center property. By 2017, the mall's owner was the State of Michigan Retirement System fund, but in July 2017 it was sold by that entity, being advised by Edens, to Kimco Realty, of New York. See also List of shopping malls in Oregon References External links Shopping centers in Portland, Oregon Shopping malls established in 1972 1972 establishments in Oregon