Is Washington Square Mall for sale? Here’s what the owner says.

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12 Comments

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    1. Yes, that seems as a perfect solution. Even with fencing around it, it would look so much better that the current look of the property.

    2. But that would not meet the city planners dream of transit corridor development, which remains a joke!

    3. Sure, Kevin. The Red Line and Purple Line have churned out hundreds of millions of dollars in development, new grocery stores, new banks, new apartments (one of which is called “Red Line Flats”) and developers outright stating that their siting choices are based on the presence of the BRT lines. There’s a rough estimated total of $1 billion of private sector activity kicked off by the construction of those two lines.

      Doesn’t sound like much of a joke to me. I think you’re just in a heap of denial and don’t want to admit that you’re wrong and have been wrong for years.

    4. As usual you missed the point again AR. We’re talking about East Washington Street, which is a suburban highway, not an urban street or highway. The red and purple are on urban streets and have performed somewhat as you say. This area is totally different and is a wide suburban highway from Shadeland to Cumberland.

  1. We have literally dozens and dozens of strip malls from the 1950’s to 1980’s that have failed and still occupy space with ridiculous attempts to milk some money out of them with less quality tenants and businesses. We also have the larger malls such as Eagledale, Eastgate, and Lafayette Square limping along as eyesores and attractions for derelict activities, dumping, crime, and negative property values.
    This mall needs some real attention with real solutions. The current owners sound like scavengers still trying to bite some meat off bones that have long since been scraped clean, and challenging the city that is trying to keep the place up to minimal code. We’ve seen this before at all the other malls. Time for a redevelopment that includes demolition of what’s currently there, and stop the degradation of the area that has been escalating for the last 15-20 years!

    1. What’s the Eagledale mall? Isn’t that Lafayette Square, and didn’t that close as the City got suckered into that obvious candy-colored boondoggle?

      And hasn’t Eastgate been closed and repurposed for like two decades?

      Not saying you’re wrong about strip malls, but I think the ones you’ve mentioned at least reflect some attempts at redev.

  2. Pipe Dreams I call them — both at Washington Square and whatever isn’t happening at Lafayette Square. Heck Lafayette Square has slapped ugly paint over huge expanses that remain empty and unused — what are they thinking? Lipstick on a pig. The real estate may be worth something at both locations, but not as shopping meccas mind you. Thousands of square feet of unusable and outdated retail space inside — surrounded by crumbling parking lots and dilapidated outbuildings outside. Tear it down, tear it all down (save for the Target at Washington Square) rip out those acres of crumbling asphalt. Yeah I know who’s going to pay for it, but it really IS a pipe dream to think these old supermalls with four or five former anchor stores and acres of aging pavement can be repurposed. Every time I hear of the latest plan to redo Lafayette Square I wish them well but think: who’s kidding who? Start over — clear the space — both of them!

    1. Honestly, there’s plenty of vacant storefronts along that area. Target could just easily move to one of those if they so choose.

      I think Lafayette Square, given its square footage and proximity to 65, could be a good Community West hospital site.

      Washington Square being a data center sounds better than any other proposition I’ve heard.

  3. The current owners sound like the corporate version of a slumlord. If they truly sank millions into the property they wouldn’t have non-functional furnaces and moisture issues. It probably functions as a convenient tax write off. The era of malls is largely over, dealing with their carcasses is a huge challenge seeing how many of them are still out there, even just in Indy.

  4. Washington Square is owned by a Vulture investor he will let it rot until the stink forces the city to buy him out for a huge profit to get rid of him .

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