
The empty big-box Builder's Square near Lafayette Square Mall finally has a new tenant after sitting
vacant more than 10 years. Garden Ridge, a Texas-based home-decor chain, plans to take the 110,000-square-foot space and open
its first location in Indiana. The company hopes to open in February 2008, around the time a new Wal-Mart Supercenter opens
nearby. The deal is a strong sign that the Wal-Mart is driving new retail interest in an area that has struggled for years.
Garden Ridge has more than 35 stores in 14 states. Wayne O’Hara of Sitehawk Retail Real Estate represented Garden Ridge
and Home Depot, which owns the old Builder's Square. The building is at the northeast corner of 46th Street and Lafayette
Road.
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This is good for the LS area and look for continued development off of 65/Laf Rd. There are some good ethnic restaurants there also. Maybe one of these days Simon will get around to tearing down the mall and bringing in some big time retailers.
Nice to see a good reuse of that building!