Circle Centre losing three tenants, including two originals
Gap and Gap Kids, which opened along with Circle Centre in 1995, plan to close Jan. 26. Also on the third floor, the American Greetings card shop is shutting down at the end of next month.
Circle Centre
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Simon proposing major Circle Centre revamp
Simon Property Group Inc. is proposing an estimated $20 million in improvements to Circle Centre mall, which spurred a downtown renaissance when it opened 20 years ago this month but now is showing signs of struggle.
Circle Centre promises prompt repairs to Artsgarden leak
A chunk of plaster fell Wednesday afternoon from the iconic walkway onto the intersection of Washington and Illinois streets, due to a water main break.
Circle Centre reports mixed bag of operating results
Non-anchor retail occupancy for the mall declined from 90.5 percent in 2013 to 89.5 percent last year, while profit and revenue climbed, Simon Property Group Inc. said in an annual operating report to the city.
DINING: Beer-driven newbie Yard House lacks identity, embraces variety
You might have already dined at Yard House on a business trip to California, its home base, where it has 20 locations. Or Las Vegas, where its three outposts include the Red Rock Casino.
As Circle Centre turns 20, declining performance, anchor woes spur worry
Sales per square foot are down, the building itself is aging, and persuading the lone anchor, Carson Pirie Scott, to stay another three years required generous incentives.
Colts pick Lids in new merchandise management deal
Lids replaces Indianapolis-based MainGate Inc., which has been with the team since it moved into Lucas Oil Stadium. The Colts store at Circle Centre mall has closed, but at least one new store is in the works.
Three Indy-area Wet Seal stores part of mass closings
The Circle Centre and Hamilton Town Center locations of struggling teen clothing retailer Wet Seal are among 338 stores that closed as of Wednesday.
Two Delia’s stores to close in Indy as chain folds
The teen-fashion retailer has filed for bankruptcy and started close-out sales at all of its 92 locations, including in Carmel and downtown Indianapolis.
Tech-savvy millennials still making malls social destinations
The future of malls looks quite bright despite the rise of online shopping.
City, Simon strike deal to keep Circle Centre anchor
Under terms of the deal, Carson Pirie Scott will save $300,000 annually through the next three years under a rent reduction at the downtown store.
Circle Centre bulking up street-side dining
Two more restaurants are set to join Yard House in vacant Circle Centre mall space along Maryland Street.
Renovation with recliners coming to Circle Centre movie theater
Regal Entertainment Group, the operator of the nine theaters on the mall’s fourth floor, is ripping out the seats and replacing them with reclining chairs in hopes of increasing attendance.
Simon sues insurance companies over fatal escalator accident
The mall manager has filed a lawsuit against two insurance companies claiming they should have covered its loss stemming from a teenager’s escalator fall in 2009.
Circle Centre reports higher occupancy, lower revenue
New tenants including Granite City Food and Brewery and Firehouse Subs helped boost Circle Centre mall’s occupancy to nearly 90 percent in 2013, but sales per square foot and revenue slipped.
Circle Centre nears deals for Burger Palace, Yard House, LA Fitness
Three prominent restaurant chains, including one developed by Bobby Flay, and a health club franchise are eying the vacant space formerly occupied by Nordstrom in Circle Centre.
Other 2013 news of note: From Pacers to panhandling
A look at some of the runner-up top Indianapolis business stories from 2013.
Simon’s decision to open malls on Thanksgiving draws criticism
An online petition drive launched by employees of stores in Simon properties urges the company to rethink a decision to open its malls at 8 p.m. on Thanksgiving. One petition so far has gathered nearly 18,000 signatures.
DINING: Circle Centre’s new ‘rock’
Considering Granite City. Third in a month-long series of new mall restaurant reviews.
Circle Centre hanging in despite anchor vacancy
The downtown mall last year saw its sales per square foot increase to $354, a 5.3-percent increase from 2011, according to an annual operating report it provides to the city. But non-anchor occupancy slipped below 90 percent.