French: 'Perfect Time' to Repurpose Circle Centre

Posted: Updated:
INDIANAPOLIS -

As some point to an uncertain future for Circle Centre mall, one retail expert says he is excited about what could be a new chapter for the downtown Indianapolis shopping center. "This is the time to repurpose and redevelop the mall," said Cushman & Wakefield Executive Director Bill French. "Downtown is on such a roll... perfect timing." The nearly 25-year-old center has been beset by store departures, most recently Carson's, which is closing its 145,000 square-foot Circle Centre store as part more than 40 chain-wide closings announced by parent Bon-Ton Stores Inc.

In an interview on Inside INdiana Business with Gerry Dick, French said there are multiple options when it comes to finding a new tenant mix for the mall.

February 19, Simon Property Group and the mall's ownership group announced plans for a multi-million dollar facelift, the largest in Circle Centre history. Simon described the upgrades as a "multi-year project" that will include:

  • A complete remodel of restrooms including bright new finishes, floors and fixtures
  • New lighting and way-finding signage in the mall and adjacent garages
  • New flooring in various areas, including: mall entrances and the south rotunda corridor
  • An upgrade to finishes in the new Georgia Street Court and a new connection to Meridian Street on the southeast side of the property
  • A modernization of the glass feature elevators on the north end of the property
  • The addition of a fresh, bright color scheme throughout the property
  • Additional soft seating areas with charging stations in convenient locations throughout the common areas
  • A "refresh" of the Arts Garden façade, including new lighting above the intersection of Washington and Illinois Streets
  • An improvement in Wi-Fi connectivity

John Talbott, Associate Director of the Center for Education and Research in Retailing at the Indiana University Kelley School of Business, said the Carson's exit presents a golden opportunity in a changing retail environment. "People's preferences are changing continuously," said Talbott. "Sometimes, things like this give us an opportunity to catch up to changes and preferences."

View the full interview:

  • Perspectives

    • Time Management: When and How to Work to Your Max Productivity

      Time is the one resource in your life that is neither replenishable nor renewable. Regardless of how you spin it, everyone starts each day on an equal playing field with 24 hours in the time bank. And while people often yearn for more time, what they really need is better time management. Understanding where your time goes, when you are most productive, and why you should protect yourself against distractions are the keys to achieving your max productivity.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Photo courtesy of MutualBank

      MutualBank President Dies

      The President and Chief Operating Officer of Muncie-based MutualBank Pat Botts has died. In a statement on Facebook posted Sunday, the company said the passing was unexpected.

    • (file photo courtesy of Radial)

      Radial to Hire 1,800 Seasonal Workers in Brownsburg

      Pennsylvania-based Radial Inc. has announced plans to grow its seasonal workforce in Brownsburg. The company, which opened its 700,000-square-foot fulfillment center in the Hendricks County city in June, says it will add 1,800 workers ahead of the holiday season. Radial is an e-commerce technology and operations company and says a dramatic increase in online spending will lead to higher demand for workers at the new facility this year. The jobs will mainly be...

    • Regal Beloit is closing in Valparaiso. (photo courtesy; The Times of Northwest Indiana)

      Valpo Bearings Plant to Close, Eliminating 160+ Jobs

      Wisconsin-based Regal Beloit Corp. and the union representing workers have reached an agreement about the closing of a helicopter bearing factory in Valparaiso. According to our partners at The Times of Northwest Indiana, the decision will cost between 160 to 170 workers their jobs. 

    • Artist rendering of proposed headquarters for Ruoff Home Mortgage in Fort Wayne.

      Ruoff to Build New HQ in Downtown Fort Wayne

      Fort Wayne-based Ruoff Home Mortgage has announced plans to build a $43 million corporate headquarters in downtown Fort Wayne. Plans call for a 110-thousand square foot, nine-story structure, at the corner of Ewing Street and Jefferson Boulevard. The building would include leasable office and retail space, as well as a parking garage. It would overlook Parkview Field, home of the Fort Wayne Tin Caps minor league baseball team. The company is currently located on...

    • Photo courtesy of Indiana Premium outlets

      Simon Announces New Name for Shopping Center

      Indianapolis-based Simon Property Group Inc. (NYSE: SPG) has announced Edinburgh Premium Outlets will become Indiana Premium Outlets. The company says extensive enhancements are currently underway to reflect the new name and are slated for completion by Holiday 2019.