Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
Brebeuf Jesuit Preparatory School broke ground this week on a new wellness center named for Mark G. Kite. The project,
shown here, results from the largest donation in the school's history.
Backers of a planned Indiana Museum of African American History are eyeing IUPUI-owned land along Indiana Avenue, as
the museum's option for a two-acre parcel in White River State Park is about to expire. The full story is here.
New York-based Kaplan College plans to open a new campus near Interstate 465 and U.S. 31 in Southern Plaza. The higher-ed
congolomerate plans to take about 20,000 square feet. The postsecondary facility is scheduled to open in late 2008, a spokeswoman
for Kaplan says. The college also has a campus near I-465 and West 71st Street.
A couple of national restaurants have filed plans to build at Hamilton Town Center in Noblesville. Olive Garden plans
to take 7,400 square feet along Tegler Drive near Campus Parkway. Red Robin Gourmet Burgers is planning a 6,000-square-foot
restaurant along Harrell Parkway.
kevin f and Indy: You're absolutely right that Simon promoted the mall as a larger, unscale version of Clay Terrace. Now the
developers of Saxony are promoting its retail area as more upscale than Hamilton Town Center. I'll believe it when I see it.
Once complete, Hamilton Town Center will be bigger than Clay Terrace and it already has higher end retailers open or scheduled
to open (i.e., Banana Republic, Chico's, Coldwater Creek). Granted, it does have the same old retailers too. Only time will
tell. Retailers right know are hesitant to commit to anything considering the current state of the economy.
Also, just for reference Olive Garden will be across the street from Hamilton Town Center. However, Red Robin will be
located on the Mall side.
I live close to the area and all I have to say is that it is super convenient.
I still don't understand Simon's logic of building another mall within 10 miles or less of 2 other malls that either provide
the same stores or better.......I would think at some point there would be some sort of cannibilization of sales....
Shane, of course it chips away at those malls (Castleton primarily is 9 miles away), but would you rather transfer sales to
yourself or to Gershman Brown & Assoc, who had the land first? That's what leads to the partnerships...Clay Terrace is
the same thing.
I also noticed a Public Hearing sign in front of the Athenaeum. It looks like they want to put in an outdoor cafe.
I also think the Indiana Avenue location makes a lot of sense for the proposed Museum. It gives another anchor to that
district other than the Madam Walker.
Saxony,
thats great but the retailers you named are already represented at the Fashion Mall and in my opinion, not all that high
end. Its great that Hamilton Town Center will be bigger than Clay Terrace but quite frankly, Clay Terrace is a disapointment
too.
Lets face it, the Fashion Mall is still the crown jewel of Indy metro area shopping. These other shopping centers are
not popping up to offer something unique to the area or high end, they are simply making it more convenient for the Hamilton
County folks who no longer want to drive to Castleton. So I wish the developers would stop all the pre-construction hype.
It only makes them look silly when the retail tenants are announced. At this point, I still have no reason to leave Marion
County.
Not to change the subject but whats going on with the Glendale Macys? It appears that its being expanded. Anyone know?
Saxony, Hamilton Town Center has higher end retailers than Clay Terrace? LOL, please. Clay Terrace has stores like Baker
Furniture, Yves Delorme, Z Gallerie, White House Black Market & Sur La Table.
I don't see the point of arguing which shopping center is more upscale. It is too obvious that Fashion Mall has the most
number of upscale retailers. As for Clay Terrace and other lifestyle centers, those are shopping areas offering mid-range
to upper mid-range retailers. So I don't see how some of you consider that upscale, because it is not. As far as Indiana
standards, then I can understand this, but as far as national standards, then that's a big joke.
kevin f, that's new space being built around Macy's north entrance. It's part of Kite's town center reconfiguration of Glendale...it
sure seems like a lot of space to fill, especially the upper level spaces.
I'm quite happy that some of these places are going in up there, because it will be more convenient and I won't have to go
to Castleton as often. It has started to decline in much the way Lafayette Square did 15 years ago, so I likely will go there
less. Distance-wise for me it's a draw, but I'll likely start patronizing HTC more often.
Castleton is declining? Thats news to me and everyone who is stuck in traffic at noon on Saturdays around the mall. But,
please, stay up in cookie cutter ville, it'll ease some of the congestion.
Regarding the African American museum, I would say that a prominent site in WRSP is probably the ideal spot. I'm not sure
why the rush to pick a different location just because the option expired. Is there another group that is planning to snap
up that land?
You may be interested in some of my thoughts on creating a Black Heritage Corridor along Martin Luther King St.
To me the interesting hole to fill is at 30th/I-65/MLK. Find a major cultural anchor for that spot, and you've probably
already got the institutions you need for this. Obviously that corridor requires significant other investment, however.
As part of my belief that cities need to have differentiated target markets, I've often said that Indianapolis should
target becoming one of America's great cities for blacks. It's clearly an underserved market nationally, and it has paid
huge dividends for Atlanta, for example.
It sounds like this museum has no financing, however, so is years away if at all. That's unfortunate.
Sophia, I didn't say that no one went there anymore, I meant that it is declining in some of the clientele that tend to frequent
the mall. Very reminiscent of Laf. Square about 15 years ago. And the amount of crime in the area is going up as well. And
if you are getting stuck in that much traffic around Castleton, you obviously haven't learned that in that area, the quickest
distance between two points is not always the shortest. Oh, and I don't live in a cookie-cutter house.
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Also, just for reference Olive Garden will be across the street from Hamilton Town Center. However, Red Robin will be located on the Mall side.
I live close to the area and all I have to say is that it is super convenient.
I also think the Indiana Avenue location makes a lot of sense for the proposed Museum. It gives another anchor to that district other than the Madam Walker.
thats great but the retailers you named are already represented at the Fashion Mall and in my opinion, not all that high end. Its great that Hamilton Town Center will be bigger than Clay Terrace but quite frankly, Clay Terrace is a disapointment too.
Lets face it, the Fashion Mall is still the crown jewel of Indy metro area shopping. These other shopping centers are not popping up to offer something unique to the area or high end, they are simply making it more convenient for the Hamilton County folks who no longer want to drive to Castleton. So I wish the developers would stop all the pre-construction hype. It only makes them look silly when the retail tenants are announced. At this point, I still have no reason to leave Marion County.
Not to change the subject but whats going on with the Glendale Macys? It appears that its being expanded. Anyone know?
You may be interested in some of my thoughts on creating a Black Heritage Corridor along Martin Luther King St.
http://theurbanophile.blogspot.com/2007/01/towards-new-vision-for-black.html
To me the interesting hole to fill is at 30th/I-65/MLK. Find a major cultural anchor for that spot, and you've probably already got the institutions you need for this. Obviously that corridor requires significant other investment, however.
As part of my belief that cities need to have differentiated target markets, I've often said that Indianapolis should target becoming one of America's great cities for blacks. It's clearly an underserved market nationally, and it has paid huge dividends for Atlanta, for example.
It sounds like this museum has no financing, however, so is years away if at all. That's unfortunate.