Before it moved to its current site in 1928, the Bon Marche occupied two downtown buildings at different times. The first, at First and Cedar, survived until the 1980s. The second, at Second and Pike, became a J.C. Penney from 1930 to 1982 (for many of those years, it was the chain's largest store). Vacant almost a decade, the building was finally razed for a condo tower and indoor mall called Newmark (as in "New Market," implying that developers hoped to draw shoppers from nearby Pike Place Market). Newmark's stores and movie theaters failed; the space was turned into bank offices.