Kite Realty eyes sale of Glendale Town Center
Indianapolis-based Kite Realty Group has owned Glendale Town Center since it acquired the shopping center then known as Glendale Mall for $20 million in 1999.
Shopping Centers
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Is Washington Square Mall for sale? Here’s what the owner says.
Vijay Kumar Vemulapalli, principal of Washington Square owner Durga Property Holdings, said he thinks the city of Indianapolis is issuing code violations in an attempt to force him to sell the property.
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Herbert Simon retires from role on Simon Property Group board
Herbert Simon, 90, partnered with his brother, Melvin Simon, in 1960 to launch real estate company Melvin Simon & Associates.
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Simon reports eight-year high in shopping mall occupancy rates
Indianapolis-based Simon Property Group Inc., the largest owner of malls in the United States, said it signed a record number of leases in 2024.
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Simon purchases Italian outlet malls from Gucci’s parent company
Indianapolis-based Simon is the new owner of two Italian luxury outlet malls where the roster of shops includes Armani, Balenciaga, Gucci and Versace.
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Articles
Simon Property Group’s investments pay off
The real estate investment trust bettered Wall Street expectations in 2025, thanks to increases in the rent it charges retailers and the increasing numbers of shoppers and higher sales figures across its 254 properties.
Lauth Group, Schmidt Associates to study redevelopment possibilities for Washington Square Mall
Developers and architects are teaming with the town of Cumberland and Indianapolis City-County Councilor Michael-Paul Hart for a study into the deteriorating retail center’s potential, the parties announced Wednesday.
Insurance companies sue Indy shopping center owner in dispute over environmental site cleanup
Travelers and St. Paul Fire and Marine filed a lawsuit against Washington Shoppes on Nov. 26 in Marion Superior Court.
Shoppers spend billions online on Black Friday, despite wider economic uncertainty
Consumers have turned to online deals to make post-Thanksgiving purchases from the comfort of their own homes—or opt to stretch out spending across longer promotions now offered by retailers.
Simon Property Group acquires remaining stake in Taubman Realty Group
Taubman, headquartered in Bloomfields Hills, Michigan, was founded in 1950 and grew into one of the largest owners of high-end shopping centers in the United States.
OpenAI partners with Walmart to let users buy products in ChatGPT, furthering chatbot shopping push
The retailer’s products will be available through instant checkout in ChatGPT—allowing users to buy anything from meal ingredients or household items, to other goods they might be discussing with the chatbot.
Can a new push save Washington Square Mall?
Competing visions—from the mall’s current majority owner and a local politician—aim to revamp the entire 1.1-million-square-foot shopping center.
Devington Plaza task force unveils ideas as residents, developer look for path forward
The neighborhood proposal comes as the group pushes New York-based Skysoar Capital Partners to reconsider its plan for the nearly abandoned site.
Developer considering apartments at Irvington Plaza, but community leaders want ‘clarity’ on plans
California-based Tallen Capital Partners LLC, which has the property in the 6200 block of East Washington Street under contract for an undisclosed price, hopes to rezone nearly 7 acres for mixed-use development.
David Yurman, Marc Jacobs stores to open at Fashion Mall
Over the next month, the Fashion Mall at Keystone will welcome three stores that are new to Indiana.
Kite Realty gives new life to 65-year-old Nora Plaza
Five years after Indianapolis-based Kite bought the shopping center, the developer has invested in utilities, signage and infrastructure and is adding eye-catching tenants West Elm, Williams Sonoma and Bluemercury.
Starbucks, Panda Express planned at Glendale Town Center
Orange chicken and Frappuccinos will be sold from standalone locations near the intersection of North Keystone Avenue and East 62nd Street.
UPDATE: Express files for bankruptcy, announces store closures, possible sale
A consortium that includes Indianapolis-based Simon Property Group has offered a non-binding letter of intent to potentially purchase the majority of its stores and operations. Four Indiana stores are slated for closure, according to bankruptcy papers.
UPDATE: Macy’s to close 150 stores over 3 years as it fights takeover bid
Macy’s Inc., which did not release a list of stores it will shutter, also said it will expand its higher end Bloomingdale’s and Bluemercury chains.
Merchants’ Square shopping center in Carmel sold to North Carolina-based firm
The sale of Merchants’ Square to Big V Property Group from Jericho, New York-based Kimco Realty closed Monday for an undisclosed amount.
Victim lawsuit alleges Greenwood mall owner, security could have stopped fatal shootings
Victims of the July 2022 shooting at the Greenwood Park Mall are suing Simon Property Group and its security company, alleging that the shooting that left three people dead and others injured was foreseeable and could have been prevented.
Nordstrom Rack store planned at Noblesville’s Hamilton Town Center
Nordstrom Rack is the off-price retail division of Nordstrom, and carries merchandise from Nordstrom stores and Nordstrom.com at discounted prices.
Alabama firm buys Keystone, Greenwood shopping centers for $27.5M, seeks more upscale targets
The company’s primary investment focus is unanchored shopping centers located in more affluent areas of major cities. Its founder sees Indianapolis “as one of the most attractive cities in the Midwest.”
Macy’s planning to add 30 small-format stores in strip centers
The department store chain said Tuesday that it aims to add the new small-format locations through the fall of 2025, bringing the total number of such stores to roughly 42.