Lafayette Square

Marion County, Simon tangle over value of malls

October 29, 2013
Indiana Lawyer Staff, Dave Stafford
A years-long fight between Marion County and mall developer Simon Property Group Inc. has moved to the Indiana Tax Court as a judge weighs vastly different estimates of the values of Lafayette Square Mall and Washington Square Mall.

Tax bills slashed for pair of ailing mallsRestricted Content

October 20, 2012
Kathleen McLaughlin
Marion County is granting Simon Property Group Inc. a $2.4 million refund, after a tax review board cut the value of Lafayette Square Mall and Washington Square Mall roughly in half.

LEADING QUESTIONS: Big Car director helps drive growth

June 27, 2012
Mason King
LQ_Walker_WatchVideoThe Big Car arts collective is shifting into a higher gear, with a budget this year of $250,000, a new westside events hub, and a paid staff that no longer fits into a sedan. Executive Director Jim Walker provides a front-seat view.

Lafayette Square amusement center closes

March 29, 2012
Scott Olson
America's Incredible Pizza Co. shut down on Sunday, leaving a 75,000-square-foot vacancy in the struggling shopping center on Indianapolis' west side.

Police called to control rowdy shoe shoppers

December 23, 2011
Local police were called to two Indianapolis malls to control crowds waiting to purchase the newest generation of Air Jordan basketball shoe. Similar incidents have been reported nationwide.

Lafayette Square coalition names executive directorRestricted Content

September 24, 2011
 IBJ Staff
Mary Chalmers, a neighborhood liaison for the city, will leave that post to lead the effort to improve the area near 38th Street and Lafayette Road.

DINING: Salivating over Salvadoran cuisine on the westside

March 12, 2011
Lou Harry
Second in a month-long series of numeric restaurant reviews. This week: 3 in 1 Restaurant on the west side.

Indoor amusement center could have new owner

June 9, 2010
Springfield, Mo.-based America's Incredible Pizza Company is negotiating to purchase Xscape and could have a deal finalized as soon as Wednesday.

Road upgrade kicks off improvements in Lafayette Square area

June 1, 2010
Tom Harton
A $20 million improvement of West 38th Street between Guion and High School roads that is set to begin next month is the first in a series of initiatives that stakeholders hope will revive the real estate fortunes of the area anchored by Lafayette Square Mall.

UPDATE: Macy's closing wounds ailing mall

January 8, 2009
Scott Olson
Macy's decision to close its store at Lafayette Square could deal a devastating blow to a mall already reeling from the loss of other major tenants.

Exit of anchor complicates Lafayette Square overhaulRestricted Content

December 1, 2008
Chip Cutter
The demise of apparel retailer Steve and Barry's University Sportswear deals another blow to efforts to turn around the ailing Lafayette Square Mall.

New Lafayette Square owner pitching major expansionRestricted Content

May 26, 2008
Cory Schouten
Lafayette Square Mall could look a lot like the revitalized Glendale Town Center in a few years if the mall's new owners get their way. A proposed site plan shows that New York-based Ashkenazy Acquisition Corp. doesn't intend to settle for filling the mall's ample vacant space.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.