A $50 million shopping center could be open by fall 2018 in fast-growing Whitestown.
RealtyLink LLC, based in Greenville, South Carolina, recently filed plans with town officials for The Shoppes at Whitestown, which would be located on 33 acres currently undeveloped within the Anson development. It would be north of Perry Worth Road and south of Central Boulevard, to the west of Main Street.
The project would include about 275,000 square feet of retail space split between two buildings along Central Boulevard. Plans show space for a total of 19 tenants ranging in size from 2,500 square feet to 55,000 square feet.
In addition, seven outlots are planned along Perry Worth Road, and parking would be located throughout the center of the property.
Andy Dettro, principal of RealtyLink, said the firm wants the development to be a full-service shopping center with a mix of retailers in apparel, home goods and pets, along with a variety of sit-down and fast-casual restaurants.
According to a RealtyLink document from November, tenants could include Hobby Lobby, Burlington Coat Factory, Five Below, Maurices, Shoe Dept. Encore, T.J. Maxx, Ulta, Kirkland’s, Ross Dress for Less, Rue21, Sally Beauty and Petco.
Dettro described the document as outdated.
“There are a bunch of tenants on there that we are doing deals with, … but the reality is there are a bunch of guys in there that are not moving forward,” Dettro said.
He declined to comment specifically on prospective tenants, but said “a large portion of the shopping center has tenant-approved deals.”
The national retail market is in the midst of a major shakeup, with several major chains declaring backruptcy or large-scale store closures. Dettro said RealtyLink is looking for tenants with “good financial sheets” that would be signing 10- or 15-year leases.
“The idea is we work with tenants who are surviving and thriving,” Dettro said. “We work with those tenants that are fashion-oriented where people want to shop the rack. They don’t want to shop online.”
He said finding users for the outlots is the second priority.
“We’re not in a rush to go sign with anybody,” Dettro said. “We’re waiting for the right opportunities, and we want to make sure we’re delivering for Whitestown.”
The Shoppes at Whitestown would be RealtyLink’s largest project yet in the Indianapolis area. The company has completed smaller developments in Plainfield, Greenfield and Franklin.
Dettro said the firm hopes to break ground in August and open by fall 2018.
Whitestown officials have scheduled a public meeting for residents to discuss the project at 7 p.m. May 3 at the Whitestown Municipal Complex.
The Whitestown Plan Commission is expected to discuss the project at its meeting May 8.