Oakwood Center is a major shopping mall owned by General Growth Properties in Terrytown, on the West Bank of the Mississippi River in the New Orleans metropolitan area. It was originally named "Oakwood Mall", and some signage and local usage continues to call it that. It is geographically in Terrytown, but the mailing address is in adjacent Gretna.
"Oakwood Mall" opened in 1966, taking advantage of the increased development on the West Bank following the opening of the Greater New Orleans Bridge. One of the former anchor stores was D. H. Holmes, which was converted to Dillard's. It was replaced by a new Dillard's store in 1992, with the old store becoming Marshalls.
Oakwood Center fell victim to significant damage in the aftermath of Hurricane Katrina. The mall was heavily looted and then set on fire on August 31, 2005. Nearly 80% of the stores experienced fire or water damage. The main shopping area was closed during demolition and construction. Two department stores, Sears and Dillard's, along with Dollar Tree, Foot Locker, and the Bank of Louisiana reopened before the entire mall. Oakwood Center completely reopened on October 19, 2007, except for the Mervyns wing. Forever 21 and Shoe Department Encore replaced the Marshalls. In 2013, it was confirmed that the Mervyns wing would be torn down for Dick's Sporting Goods.
Since completion of renovations, the center includes three sit-down restaurants; over 360,000 square feet (33,000 m2) of floor space boasting over 80 specialty shops (regional and national retailers); and a 20,000-square-foot (1,900 m2) food pavilion.
In March 2009, a group of lenders led by Citicorp North America, Inc. seized the property when the owner failed to pay a $95 million mortgage at maturity.