In 1991, Dayton's announced plans to construct a significantly larger store directly north of their current location. These plans included the demolition of the original Dayton's store to be replaced with more stores, plus a larger "garden court", and the construction of various multi-level parking garages; these plans were eventually constructed and finalized in the early 1990s. On June 30, 1997, Southdale Center was sold to the O'Connor Group, a New York-based real estate company for $125 million. Around this time, Southdale converted their basement into a singular anchor store, which became Marshalls; surrounding the new anchor were several specialty shops and mall management offices. Dayton's acquired Marshall Field's and rebranded with the Marshall Field's nameplate in 2001.