Eastgate Mall is up for sale, again

August 16, 2007
Back to TopCommentsE-mailPrintBookmark and Share
Eastgate Consumer MallThe owners of the eyesore formerly known as Eastgate Consumer Mall have put the property back on the market at an asking price of $3.5 million. Dallas-based JTL Capital LLC received two conditional offers on the property during a February auction, but both potential deals fell through, said Gordon J. Greene, a Cleveland broker who represents the owners. Greene said several potential buyers have looked at the 40-acre property and are weighing redevelopment uses ranging from retail to distribution or warehouse space. All of the potential plans would involve demolition of the 370,000-square-foot mall, which was built in 1957. The city repeatedly has offered to pitch in tax abatements to spur redevelopment of the languishing property. What would you like to see here?
ADVERTISEMENT
  • IKEA
  • how about a skatePark and a antique mall or a ice cream store or a Norsdstroms (the EastSide needs one) or maybe even a strip club?


    Just some ideas. :)
  • Move the big downtown post office mail-handling facility out there.
  • As a neighbor of the mall, I'll be glad to see it sold. JTL Capital has been a poor neighbor letting the site go to pot. I have nick-named it Beastgate because of all the feral cats and geese that make their homes there at times. JTL should have boarded it up a long time ago instead of letting vandals bust one window at a time and scrappers loot the place. It's better now but it was a death trap until I got up at the neighborhood association and gave a report which shocked some people into action.

    Last Saturday, a worker in charge of cleaning up the trash said nothing is happening there and that the whole place will be boarded up soon. There is a sign up that says it's for sale but it's been there for months. This worker said he hadn't heard anything from JTL either.

    My suggestion is that Symphony Motors buy it and create an assemply plant there for electric cars.
  • CDC Guy that truly has to be one of the best ideas I have heard for this property...it would be easy access to the interstate and would free up some very valuable land downtown....Great IDEA!!! but I have to say I could go for an IKEA to though.....
  • IKEA would be better served being closer to the Downtown if not in the downtown. I do like the idea for the Mail processing plant. We should all send letters to BART. That would then free up the space quicker to create the transportation HUB they want to create there.
  • well said, cdc guy...perfect spot. hey, maybe even the downtown ips bus facility/tragedy?? that may be too far east, though.
  • IPS Bus Barn or a casino
  • This is a perfect spot for an IKEA.. IKEA's aren't usually located in downtown areas.
  • Couple suggestions:

    Hooters

    Starbucks

    Condos

    Maybe a big, boxy hotel?
  • maybe a waterpark and a couple of hotels, the area could use a boost and some redevelopement.
  • I'm all about freeing up space downtown for a transportation hub and other uses, but I do admit I feel bad moving more dreary crap to the east side. Moving the mail facility or IPS bus facility would just replace eyesore with eyesore. But at least it might lead to some decent public transportation, which would benefit the east side in the long run.
  • We need a type of development that provides good paying jobs. Food places, hotels, big box retailers do not provide that!

    The Post Office idea is great, but a lot of mail goes by aircraft these days that I don't see the Post Office wanting to locate that far away from the airport.

    What about a new justice center? Not jails but Courts, IMPD command facility for the Northeast, East, and Southeast. Of course, temporary jail facilities would probably be part of the equation. Don't know the new jobs effect though.
  • No thanks to Hooters, Justice center, Casinos, or the like.

    Personally I'd like to see solar panel assembly plant, electric car, or high technology venture.
  • Jim, move the courts to Eastgate? Hhow many lawyers have offices downtown? OK, how many have office at just 500 North Shadeland! This will never happen.

    although, we could open up a Maricopa County type boot camp/prison camp/work camp out there! Have the inmates make car parts, wash cars, make license plates, or just sit there in the summer sweating to death.

    But I'll go with the great big whorehouse idea. The eastside could use one. :)
  • IKEA needs $$ to be built. The site is too far out of the way for too many people... they'd get business in the beginning but then it would taper off...
  • IKEA usually is right off an interstate - visible, at least. That location might be a stretch.
  • While we're at it...we should move Wheeler Mission out there too.
  • IKEA will likely end up at one of the mega-communities, either at Exit 10 or in Anson along I-65. Possibly along the new I-69 route to Bloomington someday.

    Post Office jobs are stable good-paying ones, as are FBI jobs. Highway access from Eastgate is better than downtown for semi-trailers, and there would be plenty of room there for a security perimeter for an FBI facility. Maybe both government uses would fit on the site. I'd guess land at Eastgate will be cheaper than land at 96th & Boondocks Rd., and I'd also guess Dunkin Donuts would be glad to put a store there for the FBI guys and the mail-truck drivers.
  • Considering there is so much retail space in use down the street, I think a logistics/distribution facility would do well there and provide much needed middle income jobs in the area.
  • The IKEA rumors for this site have been going on for years. AIN'T GONNA HAPPEN! As mentioned, IKEA locates on an interstate (even though Shadeland is limited access here) and they don't go into redevelopment areas. Granted, it would be a huge coup for the eastside, but the demographics of the area would be an even bigger hurdle. Obvioulsy IKEA's range is far reaching, they will go to a new, or higher-end area first.

    Finally, IKEA is U/C in Cincy right now and its is being built there due to the city's location between Indy, Louisville, Columbus, Dayton, and Lexington. Indy HAS BEEN IDENTIFIED as a site for a new store, just don't expect it until the new airport is complete and Ameriplex is further along. This is where I was told they had zeroed-in.
  • My next door neighbor, Bob Wilson, was the first 'president' of Eastgate. Our family loved Eastgate. I'm sure it would be warmly embraced once again. I regularly drive to Edinburg's Outlet Mall to purchase things I can't find here in Indy. Besides the locals, the location would lend itself to, I feel, a vibrant outlet mall retail success.
  • Off subject.. What is the status of the proposed new hotel connected to the new Indianapolis Airport Terminal?
  • According to a study done a few years back, Warren township households have a surprsing amount of disposable income and there is a demand for quality restaraunts and shopping. However, I don't think an IKEA store would go there-too pricey. Every store amanger that I have talked to says they are doing well and making good money. When K-Mart shuttered stores a few years back, the east washington store was never in danger because it was so profitable(so I was told).

    I have a friend who is a bank manager that worked many different branches all over town. According to his data, eastsiders typically have $100,000 homes and $20,000 in cash in the bank while northsiders typically have $200,000 home and $0 in the bank. It's about the lifestyle baby! Put the IKEA in Castleton and give us a high tech park. IUPUI research or bio-tech business incubator!

    Stop thinking 20th century, start thinking 21st!
  • PFFSSSTTT....Did someone say that IKEA is too pricey?!? LOL... excuse me while I pick myself up off the floor....
  • how about two guns stores and a liquor store...
  • Bass Pro Shop?
  • Hate to break it to you Eastsider, but there will not be bio-tech/high tech at the eastgate site...

    set your sites a little more realistically, please.
  • Small people dream small dreams.

    Think big.
  • Actually, I would love to see it reclaimed as green space. Indy needs more green space and bike friendliness like trails and such.
  • How about a Hedonist camp. Naked folk, guns, whorehouse, dunkin Donuts, Cops station, FBI, and a big bad hillbilly bar with guns allowed. and an IKEA. cause they got 20k in the bank n stuff.

    I need a drink. :)
  • outlet mall
  • IKEA is never going to happen in Indy. The demographics just aren't strong
    enough-not enough population base to support it, not enough higher incomes,
    and unfortunately Indiana is in a severe economic decline that will take a long
    while to correct. Don't think you're there yet...
  • Another Simon mall run into the ground. Eastgate, Washington Square, Lafayette Square...Which will be next, Circle Centre or Castleton?
  • the only reason that those 3 malls went down was not due to simon it was due to the change in demographics around them.

    I doubt that Ikea will build in indiana any time soon as they now have multiple stores in chicago and a new one in cinci, and these stores draw from a large radious so they are not going to intentionally position them to sabotage each others sales. also I they have specific populations guidelines that they go by i think i heard they want a city to have a minimum population of 1 million, and if and when they build a store it will be by and interestate by high income.

    Someone said anson, that would be a terrible location as that project isnt going anywhere fast, I would say it would be more suited to like the new 69 south area to avoid competion with the chicago store, or off of 69 north around the saxony project in fishers noblesville as that area has higher incomes.

    for the east gate site i would recommend a mixed use redevelopment with a combination of things such as what is being developed at the old fort harrison site in lawrence, eventhough i don't think right now is the right time to start any more of these projects as there is such a glut of new contruction of homes and condos on the market that even if there great it is difficult to sell them for a decent price.
  • Carmel needs a Hedonist camp. Naked folk, guns, whorehouse, dunkin Donuts, Cops station, FBI, and a big bad hillbilly bar. After all, why should Indy have all the fun? How about a communist re-education camp, a mad cow rehab facility, or Chinese toy company that uses lead based paint? Now that the malls been boarded up(FINALLY), use it to film low budget films like Mall of the Dead? ;)
  • I like the way you are thinking. Creatively.
  • The eastside has generally had the poorest sales in town relative to north, west or south. That is why there are fewer store choices east. JC. Penney, Kohls and other left the east side because of the poor sales. People from New Pal, Greenfield, etc. go to Castleton or Greenwood. This further hurts the eastside and is partially responsible for the poor quality offering/environment along east Washington St.
  • How about the Archdiocese buying the property and building a state-of-the-art high school out there to replace Scecina's current campus?
  • Repeat after me: JOBS will save/fix the Eastside. Not retail. Not schools. Good JOBS.
  • How about the new FBI center being built there. It would provide high paying professional jobs to the area. Keep for paving over more farmland and reuse a facility that desperately needs to be redeveloped.
  • Take that Eastgate haters!

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

ADVERTISEMENT