Sizzling malls add more new stores

July 19, 2007
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Shop till you dropNorth-siders are set to get even more shopping and dining options in the coming months. Several new retailers have filed plans to open new stores in the Fashion Mall at Keystone and Castleton Square Mall. Among them:
  • White House Black Market plans to open a 2,800-square-foot store in the Fashion Mall. The Florida-based women's fashion outfit has a location in Clay Terrace.
  • Anthropologie, a South Carolina-based hip clothing store by Urban Outfitters, is taking roughly 10,000 square feet in the Fashion Mall for its first store in Indiana.
  • Moochie & Co., an Ohio-based pet gifts retailer, has plans for a 1,200-square-foot store, set to open Nov. 8 in Castleton Square.
  • Tumi, a New York-based purveyor of luggage and handbags, is taking 832 square feet in the Fashion Mall.
  • Johnny Rockets, a retro burger diner with a Circle Centre restaurant, plans to open in Castleton Square. The California-based chain also is planning a restaurant at Greenwood Park Mall.

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    • More cute girls wearing Anthropologie clothing is welcomed by my eyes..
    • Anthropologie and Tumi are two great additions to the Indy market. Thanks Simon! How about Louis Vuitton next?
    • I also heard that Keystone is getting a Victor's Secret. Not sure it is my cup of tea, but I guess there is a market for men's lingerie.
    • Granted, I haven't been to the Fashion Mall in a while, but the last time I was there they were pretty full. So, what went out to make room for these stores?
    • Yay for Anthropologie and White House Black Market! It's about time for Indiana to get its own Anthropologie!
    • You made my wife's day Corey. She's been asking me every day for the last few months if that property blog knows when an Anthropologie will be opening.
    • Actually they're just remodeling Victoria's Secret and it is due to reopen soon......Victor's Secret is a sex toy shop...not exactly the kind of thing Simon would normally have in one of their malls!
    • I really wish they would have brought in a Neiman Marcus instead of a Nordstom at the Fashion Mall.
    • i agree Neiman Marcus sould have gone in instead of nordstroms
    • Does anyone know what is being built at Keystone at the Crossing right next to I465?
    • Yeah a Neiman Marcus should have been considered, rather than Nordstrom. Indy should have more varieties... expand its options for different shoppers. Then again, if a Neiman Marcus was impossible at the time, a Bloomingdale's would have been an even better store than just another Nordstrom as well. Whatever...
    • The building under construction is new office space, which will include local headquarters for Star Financial Bank.
    • if blomingdales was to come to indy it would have gone in where LS Ayres was at castleton or greenwood
    • Daniel, you would see George W Bush win the Nobel Prize for Physics before you would ever see a Bloomies in Greenwood. Castleton probably would be out of the question too just due to the existing tenant mix.
    • Bloomingdale's is owned by Federated Department Stores, which is based in Cincinnati. If Cincy can't convince its own hometown company to open a Bloomingdales store there, it seems unlikely that one would come to Indy, which is a smaller metro area.
    • i didnt realize Bloomingdale’s had so few locations till i looked at there map
    • cschouten, do you know how tall the new office building will be? wasn't there supposed to be a 14 story building built at the same site?
    • Yes I agree, Neiman Marcus would certainly have been nice. I'd prefer that to another Nordstrom. Maybe N-M can go in the new development across Keystone, south of 86th St. Neiman-Marcus and a Ritz-Carlton hotel would be great there. Wishful thinking?? Maybe not.
    • Again, who is going to shop at Neiman-Marcus in Indy? There does not seem to be any type of a culture of high end consumption in Indianapolis. I'm not saying that's a bad thing by any means, but it bodes ill for a store like Neimans. Even the Saks store carries a lower end of merchandise that Saks stores elsewhere.

      The best suit brand Saks is carrying last I checked was Canali, which I is a nice, fully canvased suit that retails around $1800. At Neimans, that's the entry level. How many people in Indy are going to upgrade to $3400 for Oxxford or $5000 for Kiton? For that matter, how many people have heard of Kiton in Indy? Or John Lobb Paris shoes (upwards of $1000), or Borelli or Fray shirts (at $500 a piece)? I just don't see it happening.

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    1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

    2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

    3. 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.

    4. If you only knew....

    5. 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.

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