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Downtown mall stung by loss of Nordstrom

IBJ Staff
December 24, 2011
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The surprise departure of Circle Centre anchor store Nordstrom in July dealt a major blow to downtown.

Nordstrom, which opened with the mall in 1995, left a gaping 210,000-square-foot hole, a particularly tough space to fill since department stores have seen their market share decline more than half in 20 years and need less space.

Mall manager and part owner Simon Property Group Inc. has retrofitted vacated anchor stores in suburban malls including Greenwood Park and Washington Square, but Circle Centre’s urban format presents unique challenges.

The company’s preliminary plans for Circle Centre call for new street-level entries for the restaurants, along with a small first-floor space for a department store that would primarily occupy the building’s second and third floors, local brokers said.

Using most of the 70,000-square-foot first floor for restaurants would bring the remaining space closer to the ideal size for department stores, including Macy’s.

nordstrom Nordstrom’s sales at Circle Centre plummeted after the Seattle-based retailer opened a north-side store in 2008. (IBJ File Photo)

After Nordstrom announced it was leaving in May, confirming the news first reported by IBJ, the Simon-led Circle Centre Partnership said in a statement that it made every effort to retain the upscale department store, “to no avail.”

Sales for the downtown Nordstrom had fallen by roughly half since the chain opened its store at The Fashion Mall at Keystone in 2008. Nordstrom opened its off-price Nordstrom Rack store in September at the Rivers Edge shopping center at East 82nd Street and Dean Road.

Deputy Mayor Michael Huber, who receives regular updates from Simon on the Nordstrom space, said plenty of potential tenants have expressed interest. But he declined to elaborate.

“We’re trying to let Simon do what they do,” Huber said. “They’re the best in the world at running these malls.”•

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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