Circle Center Mall Indianapolis
A time line of the development of the mall (1979-1995)
More than 15 years after it was first proposed, and six years after construction began, Circle Center Mall Indianapolis opened to the public on Sept. 8, 1995. Indianapolis mayors William Hudnut and Stephen Goldsmith shepherded the $300 million-plus project through battles with landowners, lawsuits and other delays. After construction began in 1989, and for the next few years, Downtown Indianapolis was a maze of massive holes and building facades held up by steel girders. When Circle Center Mall Indianapolis finally opened, it became the centerpiece of the revitalization of Downtown.
4/25/79 - Indianapolis officials and developer Melvin Simon & Associates announce the consulting firm of Hammer, Siler and George Associates have completed a study describing a proposed $100 million enclosed downtown shopping mall of two to three levels between Meridian Street and Capitol Avenue to connect L.S. Ayres & Co. and William H. Block Co. Negotiations are under way with additional stores, among them Lazarus, Neiman-Marcus, Saks Fifth Avenue and Lord and Taylor.
1/15/80 - Mayor William Hudnut, in his annual State of the City speech, urges the private sector to ``join hands'' with government to begin work on a Downtown shopping mall.
4/8/80 - U.S. Department of Housing and Urban Development awards Indianapolis a $12.8 million Urban Development Action Grant for the West Washington Street revitalization project, considered to be the first step toward development of a downtown shopping mall.
2/2/83 - Metropolitan Development Commission adopts a resolution designating a 10-block western section of the downtown business zone as a redevelopment district, which is required to allow use of tax increment bonds for financing towards a $100 million mall.
3/16/83 - Metropolitan Development Commission approves $2.8 million purchase of the Occidental Building at 41 W. Washington St., which houses L. Strauss & Co., as part of an agreement under which city received a $12.8 million grant for the West Washington Street Project - including the mall. Agreement calls for Strauss to move into the Granada Royale Hotel to be built at the northwest corner of Washington and Illinois streets. Cost of the mall now estimated at $125 million.
5/18/83 - Metropolitan Development Commission accepts Melvin Simon & Associates as developer of the mall.
1/4/84 - Simon & Associates selects Browning Day Mullins Dierdorf Inc. as coordinating architect for design of the mall and gives the project the working name of "Circle Center Mall Indianapolis.''
6/7/84 - Goodman Jewelers plans $9 million renovation of four buildings between 20 and 30 West Washington Street, to be called Goodman Quad and to consist of office and retail space and a restaurant, all in connection with the mall.
8/1/84 - Metropolitan Development Commission approves the city's use of up to $14 .4 million in federal loan funds to help finance public improvement and possible land purchases required for the mall.
1/3/85 - City officials and Simon & Associates announce Los Angeles based Jerde Partnership was selected as design architect for the mall.
2/12/85 - A Statehouse pedestrian tunnel beneath Capitol Avenue opens, linking the Statehouse basement to the One North Capitol office building. It will eventually connect to the former Wm. H. Block Co. garage, Indiana Theatre, Embassy Suites and Claypool Court, as well as to the mall.
3/1/85 - The Goodman family proposes, as part of the mall project, a 700- to 900-seat music hall to be located on the southwest quadrant of Monument Circle and called Court Street Music Hall.
9/26/85 - Grand opening and dedication of Claypool Court.
10/22/85 - Simon & Associates unveils model of mall.
4/28/86 - City of Indianapolis and the Goodman family agree to a settlement of their dispute, dating from 1978, over West Washington Street development. Goodman will develop its four buildings, but the city can use the first three floors as part of the mall.
11/19/86 - Metropolitan Development Commission approves a plan for a $5.8 million loan to the city to buy downtown property for the mall. The loan amount is based on the amount of federal Community Development Block Grant funds the city received in 1985 and 1986 from the U.S. Department of Housing and Urban Development.
12/17/86 - Metropolitan Development Commission approves hiring Robert A. Peck of the Washington D.C. Preservation League, who is to complete a review of the mall's impact on historic buildings.
12/17/86 - Metropolitan Development Commission gives preliminary approval to enlarge the mall area by adding 1 1/2 blocks - increasing the cost of the mall from $150-200 million to $400 million.
1/26/87 - Bill introduced in Indiana legislature to allow Indianapolis to use some state sales tax money to finance construction of the mall, using sales tax increment financing.
2/24/87 - Indianapolis Council votes to table a proposal to freeze local income tax rate at 0.4%, thus allowing the tax to increase to 0.5% July 1. It is believed the tax increase will benefit the mall project, showing that the city will pay its share to help get state funding from the legislature.
3/11/87 - Lawsuit filed against Indianapolis on behalf of the family of Mary Louise Schopp, owner of the Rost Building, 25 N. Illinois St. The suit claims the city has effectively taken property for the mall project without purchasing it, making it impossible to use, renovate, sell or lease.
3/30/87 - U.S. Department of Housing and Urban Development awards a $4.25 million grant to the city to renovate William H. Block Co. building, one of the anchors of the mall.
4/27/87 - Federated Department Stores Inc, which owns Lazarus, agrees to buy Wm. H. Block Co.
5/7/87 - Gov. Robert Orr signs two bills concerning the mall - one that authorizes a 12-year, $30 million state loan to help finance mall, and one that conditionally permits a Marion County sales tax at a rate of either one-half of one percent or one percent, beginning in 1988, to help pay for mall.
6/3/87 - Metropolitan Development Commission endorses a special sales tax district for the mall, then a city council committee votes to send it to full council with a do-pass recommendation.
6/8/87 - City-County Council approves boundaries for a special downtown district in which the city could divert some sales tax revenues to offset money borrowed for the mall.
6/17/87 - Metropolitan Development Commission sets a fair market value of $572,100 for the building owned by Goodman Family at 30 West Court St.
6/18/87 - Metropolitan Development Commission approves a swap of downtown property that the city owns near the canal, in exchange for the Mansur Development Corp.-owned Schnull building at 102 South Meridian, and a building at 23 West Maryland.
10/87 - The estimated cost of the mall rises to $500 million.
1/11/88 - Simon & Associates announces that Saks Fifth Avenue will be an anchor in the mall, with plans to erect a 90,000 square foot store on the northeast corner of Illinois and Washington streets, in the space occupied by the old Roosevelt Building.
1/88 - The estimated cost of the mall is now $560 million.
1/88 - Wm. H. Block Co. store changes its name to Lazarus.
3/88 - Estimated cost is now $650 million.
4/11/88 - City-County Council approves borrowing up to $100 million for the mall by selling a short-term note to be used for land acquisition and parking. Later this year the city will sell long-term property tax increment bonds to pay off the note. The bonds would be paid off with the expected increase in the property tax revenue generated by new development within a taxing district extending beyond downtown.
4/18/88 - Denison Parking Inc. files a lawsuit against the city to block development of the mall, claiming the city unconstitutionally is taking its property at 29 W. Maryland St., and plans to do the same with its other two properties, at 138 S. Illinois St. and 129 W. Maryland St.
4/20/88 - The Indianapolis Bond Bank approves the first step of mall financing - the borrowing of $50 million to begin acquiring properties.
4/21/88 - City and state officials, representatives of the city's preservation community, and Simon & Associates sign an agreement dictating how 43 buildings in the mall area will be handled. 17 buildings would be retained, eight facades-only would be saved and 18 buildings would be completely demolished - seven of them historic buildings. This agreement is vital to obtain federal funding, and will be sent for approval to National Advisory Council on Historic Preservation.
4/25/88 - Under the second part of a plan to finance the mall project, the City-County Council approves a plan allowing the city to borrow up to $130 million from the state, with the loans to be paid off in a combination of sales tax revenue and mall revenue, .
4/25/88 - The Indianapolis Taxpayers Association files three appeals to block the city from issuing up to $230 million in bonds.
4/25/88 - Mayor William Hudnut creates two committees to ensure minority participation and employment in the mall.
5/4/88 - The Metropolitan Development Commission authorizes the city to pay the law firm of Baker & Daniels up to $100,000 for legal work involved with mall.
5/18/88 - City officials filed a document with the Indiana Employment Development Commission giving a total price tag for both phases of the mall of $970,792,160, with the city paying $230 million and private developers paying $740 million.
5/18/88 - Metropolitan Development Commission agrees to pay DeMars Program Management Inc. up to $875,000 to be construction manager for the mall. Geupel DeMars Inc. already has been hired by Simon & Associates as construction manager.
6/15/88 - The Hudnut administration says it will drop plans to use a funding mechanism known as sales tax increment financing to repay mall bonds for the city's share of mall financing.
6/29/88 - The State Board of Finance approves the city's application for a $30 million loan from the state's ``Rainy Day'' fund.
6/29/88 - Mayor William Hudnut names three mall committees: the Community Advisory Committee, the Employment Committee and the Entrepreneurial Committee.
7/6/88 - Metropolitan Development Commission approves a $36,000 contract with Earl C. Nowlen to provide consulting services for mall minority involvement .
8/11/88 - Indianapolis attorney Frederic C. Sipe files a class action lawsuit against the city in an attempt to stop it from acquiring land by eminent domain for the mall.
8/17/88 - The Metropolitan Development Commission approves paying Denison Parking Inc . $2,375,000 to cover losses for vacating two downtown sites for the mall. This is in addition to the purchase price of $2.3 million for property at 29-44 W. Maryland, and $2.1 million for property at 126-148 S. Illinois. The commission also approves a $451,000 settlement to Maud A. Harkness for property at 118 S. Meridian St.
8/25/88 - Frederic C. Sipe's lawsuit is dismissed pending further talks.
9/7/88 - The Metropolitan Development Commission approves purchase of 110-116 S. Meridian St. from LaScala Restaurant, for $1,430,000, and 25-31 W. Washington St. from Chung S. Choi and Kook Ja Choi, for $1,730,925.
9/9/88 - The Indianapolis Bond Bank approves the sale of $200 million in bonds for the mall - the largest sale of its kind in the United States.
10/19/88 - The Metropolitan Development Commission approves a settlement with Frederic C. Sipe to purchase a building at 38 W. Washington for $533,500.
11/2/88 - The Metropolitan Development Commission approves the purchase of a parking lot at 153 South Illinois St. from Severin Associates and Mansur Development Corp., for $850,000.
11/16/88 - The Metropoliton Development Commission awards a contract to Sear Corp. for $192,480, to remove asbestos at the Three Sisters and L. Strauss store buildings. They also authorize the city to begin eminent domain procedings against Arthur Realty Corp., for property at 33 West Washington - for which city has offered $496,000 and for which Arthur is asking $1.3 million; and against Sanford Rothschild at 122 South Meridian - for which city has offered $591,000 plus $400,000 relocation costs. Rothschild wants $800,000, plus relocation costs.
12/7/88 - The Metropolitan Development Commission agrees to purchase Rothschild building for $750,000 and authorizes the city to begin eminent domain procedings to acquire the Lerner Shop at 37 West Washington.
1/4/89 - The Metropolitan Development Commission agrees to pay $1.3 million to acquire the Equitable Life Assurance Building, which houses the Lerner Shop, at 37-39 West Washington Street.
1/18/89 - The Metropolitan Development Commission approves $1 million for a building at 33 West Washington Street, former home of the Shoe Works; approves $130,000 to demolish Levey Brothers & Co. building at 23 West Maryland Street; awards contract to R.H. Marlin Inc. to demolish one of the Berean buildings at 23 West Maryland and approves paying owners of Arthur Realty Corp. $1 million for the building at 33 West Washington Street.
2/15/89 - The Metropolitan Development Commission awards Ed Tiller & Sons a $218,000 contract for demolition of the Occidental Building at 41 West Washington, former home of L. Strauss, and four smaller buildings just to the east which housed Lerner Shops, Shoe Works, Jean Nicole and Shoe Secrets.
2/16/89 - Levey Brothers & Co. building and an adjoining annex are demolished by R.H. Marlin & Sons a month early due to accidental collapse of a portion of the Schnull Block Building which weakened the Levey Building
3/2/89 - Mayor William Hudnut pulls a lever activating a wrecking ball aimed at a building at 25 West Washington in a ceremony marking the official start of the mall.
3/15/89 - Metropolitan Development Commission gives the city authority to buy six downtown properties at a cost of $5.7 million: 25 North Illinois, for $289,250; 1 North Illinois, for $720,000; 34-36 West Washington, for $485,000; 21-23 West Washington, for $1.4 million; 25 West Maryland, for $1.5 million; and 102 South Meridian, for $1.2 million, from owners Si-Roose Inc, a subsidiary of Simon & Associates.
4/4/89 - The Metropolitan Development Commission gives permission to buy a warehouse at 30 West Court St. for $1,737,325, owned by Goodman family; authorizing the city to begin condemnation proceedings if the offer is rejected. This is the last property needed to start on mall.
4/7/89 - Nordstrom announces it will be the fourth retail anchor, with a store of 200,000 sq. ft. on three levels. This is too large for the Strauss space, so plans will have to be reconfigured.
4/19/89 - Goodman Jewelers and city agree to a price of $1.7 million for a warehouse owned by the Goodmans, which is the last property needed for the mall.
4/19/89 - The Metropolitan Development Commission sets a price for leasing land for the mall at a minimun of $1,972,400 annually for 394,479 sq. ft. of downtown real estate.
5/1/89 - The Equitable Life Assurance Building is demolished.
5/17/89 - Simon & Associates submits the only proposal to develop and lease nine downtown acres for the mall.
6/7/89 - The Metropolitan Development Commission accepts Simon's proposal as the city 's development partner. The mall will include four anchor stores, small shops, 8-12 movie theaters, a food court, office buildings and hotel, to be done in two phases, and setting a date of Aug. 7, 1989 for obtaining an interim agreement.
6/7/89 - The Metropolitan Development Commission awards a $872,000 contract to DeMars Program Management Inc. for the second phase of its work on the mall
7/19/89 - The Metropolitan Development Commission approves contracts for demolition of four buildings: $337,000 to Dorsey Paving Co. to demolish the Journal Building, 46-48 Monument Circle (but leaving the facade standing); and $362,000 to O'Rourke Construction Co. for three buildings: Three Sisters, 17 North Illinois; the building formerly housing Kentucky Fried Chicken, 21 North Illinois; and Rost Jewelry Co. Building, 25 North Illinois - leaving the facade.
10/6/89 - The Metropolitan Development Commission awards a $283,700 contract to Controlled Demolition and AAA Wrecking to demolish the Occidental Building.
10/20/89 - The building on West Washington, formerly housing Kresge's Store, is demolished.
10/27/89 - The Journal Building is being demolished, although facade is being saved.
11/1/89 - The Metropolitan Development Commission awards a $283,700 contract to O'Rourke Construction for demolition and clearance of Wayne Oil Building and L.S. Ayres Warehouse building on Maryland; and to M.K. Moore & Sons, a $49,888 contract for asbestos removal from Maryland Street Garage and the Gift Mart Building.
11/5/89 - Demolition by implosion of eight-story Occidental Building on southeast corner of Washington and Illinois.
2/7/90 - The Metropolitan Development Commission approves a resolution allowing the city to hire Center Venture, a joint venture of CSO Architects and Browning Day Mullins Dierdorf, to provide architectural services on the public portion of the mall. The commission also approves a demolition contract of $594,430 to Controlled Demolition Inc. and AAA Wrecking Co. for the Roosevelt, Ambrosia and Griffith buildings on the north side of Washington St., between Illinois and Meridian, over the objection of the Goodman Family.
2/26/90 - The City-County Council passes a resolution requiring the Metropolitan Development Commission to provide it with quarterly reports on mall progress.
3/21/90 - The Metropolitan Development Commision awards O'Rourke Construction $587,000 to demolish the Rink Building on Illinois.
3/28/90 - Expenses as of this date: city has spent $51,650,858, with $46,258,437 going to acquire and relocate 52 properties. Professional service contracts have totaled $2,169,616, of which $1,682,659 has gone to DeMars Program Management. The city has issued $230 million in bonds.
4/4/90 - The Metropolitan Development Commission awards an $847,062 contract to Beaty Construction Inc. for excavation work of the block bordered by Meridian, Illinois, Washington and Maryland streets for underground parking. They extended the deadline for an interim agreement between city and Circle Center Development Co., the Simons' limited partnership formed to build the mall, to April 30. Original deadline was Aug. 7, 1989.
4/13/90 - The City of Indianapolis and Simon & Associates sign an interim agreement to guarantee the developer will reimburse the city for some costs if the project isn't built. Simon must show proof by Dec. 1, 1990, that at least four anchor retail stores will locate in the mall and a final project agreement must be signed by that date.
5/2/90 - The Metropolitan Development Commission approves a $100,000 contract to the Commission for Downtown to help inform the public of street and sidewalk closings during construction.
5/18/90 - Simon & Associates say the mall is running about 1 1/2 years behind schedule. It was originally due to be finished by fall 1992.
5/18/90 - A cartoon figure, Boomer Crane, in the shape of a construction hard hat, is introduced as the construction logo for the mall.
7/2/90 - A report to the City-County Council says that the city has spent $52,049,906 through May 31 on the mall, and that the first phase will not be completed until 1993.
7/5/90 - Due to poorer-than-expected finances, Saks Fifth Avenue's new owners, Investcorp International, announce they will not build any new stores for three years, including the one planned for Circle Center Mall Indianapolis.
7/5/90 - Simon & Associates sign an $847,000 excavation contract for the mall, guaranteeing the city will be reimbursed for the excavation expenses if the mall is not built.
8/1/90 - The Metropolitan Development Commission awards DeMars Program Management Inc. a contract as the city's construction manager for the mall and will pay them 10 percent of the city's estimated $79 million in construction costs.
8/7/90 - Owners of American United Life Insurance Co. file suit to stop the city from collecting 20 percent of the property taxes owed on the AUL Building, which is part of the city's mall financing plan.
8/9/90 - Restauranteur Rick Rising-Moore files suit asking that a court find unconstitutional the special downtown redevelopment district set up to generate tax revenue for the mall. The suit also challenges a provision in mall financing that prevents certain downtown property owners from receiving a 20 percent tax credit from state.
8/12/90 - The Roosevelt Building is demolished by implosion.
8/13/90 - Construction is not slated to start this year, jeopardizing chances that the mall will be open by Christmas 1993.
9/25/90 - While demolishing the Rothschild Building, 122 South Meridian, cracks are discovered in the historic facade, forcing it to be demolished as well.
10/24/90 - The Limited announces it will be the mall's fourth anchor, occupying 70,000 sq. ft., grouped in a collection called International Shops, which will include Victoria's Secret, Express, Lane Bryant, Lerner, The Limited, and Abercrombie & Fitch.
11/1/90 - The Indiana Supreme Court rules that the Indiana Tax Court has no jurisdiction to consider American United Life Insurance's request for an injunction prohibiting the collection of property taxes while the lawsuit is pending.
11/13/90 - AUL files new a suit opposing the city's use of tax increment financing for the mall, saying AUL has been overcharged by about $712,000 in property taxes since 1987.
11/29/90 - The parking garage on Maryland between Illinois and Meridian streets is torn down.
12/1/90 - Simon & Associates will not meet a Dec. 1 deadline to sign a permanent agreement, because they haven't sewn up financing yet.
12/24/90 - Indianapolis officials begin to seek bids on construction work for the mall.
1/3/91 - A quarterly report says contracts to minority-owned firms account for 15.97 percent, while firms owned by women account for one percent.
1/16/91 - The Metropolitan Development Commission approves a $434,500 contract to Baker Concrete Construction to build retaining walls, the first concrete will be poured, along the excavated portion of the block bounded by Washington, Meridian, Maryland and Illinois Streets - even though they don't have a pledge from Simon & Associates for reimbursement if the project falters.
2/6/91 - The Metropolitan Development Commission awards a $1.3 million contract to Richard Goettle Inc. for excavation of the block bounded by Maryland, Meridian, Georgia and Illinois.
2/20/91 - The Metropolitan Development Commission approves another $100,000 contract to the Commission for Downtown to coordinate an informational campaign on the mall.
3/13/91 - The Plat Review Committee has given the city approval to close off an alley behind the Rider Building, 133-135 S. Illinois, housing the St. Elmo Steakhouse and the China Gate restaurant, to make way for construction of mall parking garages.
3/20/91 - The Metropolitan Development Commission awards $529,000 to Hagerman Construction Corp. to build perimeter walls and footings for the underground mall garages, bringing to $2.2 million the amount of work authorized without a project agreement.
4/3/91 - Twelve local companies sign a preliminary agreement signaling their interest in investing $50 million in the mall project: American States Insurance Co.; Associated Insurance Cos. Inc.; Banc One, Indiana Corp.; Conseco Inc.; The Mars Corp.; Denison Inc.; Haka Inc.; NB Financial Corp.; Indiana Bell Telephone Co. Inc.; the Lilly Retirement Plan; Marsh Supermarkets; and Merchants National Corp.
4/4/91 - May Department Store, owner of L.S. Ayres, says that Ayres will not be an anchor in the mall.
4/29/91 - Simon & Associates presents the latest design for the mall to the City-County Council, from new architects Ehrenkrantz Eckstut & Whitelaw of NYC. The plan includes 110 stores, from a new Lazarus department store adjacent to Monument Circle to a Sheraton hotel on Georgia Street, a 4-story Nordstrom department store, multi-screen cinema, food court, a group of Limited Stores and a 900-foot, 3-level pedestrian walkway, running from Monument Circle to Maryland Street. The Goodman buildings, 20-30 West Washington, would need to be removed for the walkway.
6/25/91 - City officials present a new timetable for the mall, pushing opening back to at least mid-1994. The value of the project slipped from a $1 billion estimate to current projection of $500 to $750 million. Simon & Associates will cut its financial commitment to mall, with Circle Center Development Co. taking its place.
9/17/91 - A new design plan and models for the mall are unveiled at a meeting of the City-County Council's Metropolitan Development Committee. The plan includes a new glass-walled, circular, 3-story Wintergarden. It will span Washington Street, just east of Illinois, and take the place of the skywalk. It will be used for cultural events, with city, private developers and investors sharing in the expected $12 million cost.
9/18/91 - The Metropolitan Development Commission authorizes signing the project agreement for the mall, in which the city agrees to spend $150 million for land, site clearance, parking garages, skywalks, public areas, and foundations for the first two phases of the project by Oct. 31, 1992. They also agree to try to obtain the four Goodman buildings if Lazarus determines it needs more space in the mall. The development company agrees to finish the mall no more than 24 months after the city completes its portion of phase one.
9/25/91 - A signing ceremony of two documents takes place on Monument Circle. The project agreement is a contract between the city and Circle Center Development Co., setting out who is responsible for what. It sets a deadline of March 1 for the private half of the financing to be completed, in which the private investors agree to borrow up to $100 million for the first phase. A partnership agreement is also signed creating Circle Center Development Co., which is formed by the 12 local companies and the Circle Simon Development Co., a new subsidiary of Simon & Associates, which will serve as project developer. Simon & Associates will be managing general partner.
10/17/91 - Official beginning of mall construction on the northeast corner of Illinois and Washington streets, where crews are beginning to pour concrete footings for underground parking garages, though work has actually been going on for several days.
10/31/91 - May Department Store Co. proposes a plan by which they would swap the Ayres building for a building in St. Louis owned by Simon & Associates.
11/20/91 - The Metropolitan Development Commission votes to declare the mall district an economic revitalization area, a legal designation making it eligible for a 3-year tax abatement.
12/23/91 - The Metropolitan Development Commission issues a $861,900 contract to Weddle Brothers Construction Co. to build the concrete footings for a second square block of mall bordered by Meridian, Georgia, Illinois and Maryland streets.
1/20/92 - A surveyor for MSE Corp. is trapped for two hours in a cave-in while in a hole on the southwest quadrant of Monument Circle, where the dirt walls had not been shored up as required. He was uninjured.
2/19/92 - Mayor Stephen Goldsmith puts the city's participation in the mall on hold, thus delaying a $10 million garage construction contract, until financing and leasing issues are resolved.
3/3/92 - Nordstrom Inc. signs a lease for a 3-level, 200,000-sq. ft. store facing Meridian Street from Maryland to Georgia.
4/7/92 - State officials fine companies involved in the Jan. 20 cave-in $43,000 for violation of safety laws.
5/19-92 - The Metropolitan Board of Zoning Appeals approves allowing an entrance ramp to the underground garage off the first block of West Washington Street.
6/16/92 - Parisian Inc. announces it will build two stores in Indianapolis, one of them a 144,000 sq. ft. store in Circle Center Mall Indianapolis to open in the fall of 1994, perhaps in a portion of the Ayres building.
6/16/92 - Lazarus confirms it will close the downtown store at the end of January 1993, leaving open the possibility it may still be part of Circle Center Mall Indianapolis.
7/1/92 - The Metropolitan Development Commission approves a city offer of $2.4 million for the Ayres building, otherwise, the city will sue May Co. to condemn the building. The site was appraised at $5 million.
7/4/92 - The city has spent more than $3.5 million on the mall since Feb. 20, 1992.
8/4/92 - May Co. refuses the offer for Ayres.
8/5/92 - The Metropolitan Development Commission authorizes the city to begin a condemnation procedure against the Ayres building.
8/11/92 - The city files a lawsuit in Marion Circuit Court beginning eminent domain proceedings against the Ayres building.
8/27/92 - Mayor Goldsmith says the mall opening will not be until 1995.
10/1/92 - The Metropolitan Development Commission gives the city permission to refinance bonds, including about $230 million for the mall, to take advantage of lower interest rates.
10/12-92 - The mall's first phase will open in 1995. It will be entirely south of Washington Street, consisting of 675,000 sq. ft. of retail space on 3 1/2 blocks bounded by Market, Meridian, Georgia and Illinois, leaving the part abutting Monument Circle for future expansion.
10/16/92 - The city makes a deal with May Department Stores Co. to buy the Ayres building for $5.9 million.
11/4/92 - Financing is finalized with a group of European banks agreeing to grant a $72.5 million loan for the mall - with the city to commit $30 million more, offset by refinancing earlier bonds.
11/4/92 - The Wintergarden will be built over the intersection of Illinois and Washington streets.
11/12/92 - The city is successful in selling refinanced bonds.
11/16/92 - Work begins on the underground garage at southwest corner of Maryland and Illinois streets, after nearly a year of being idle.
12/16/92 - The Metropolitan Development Commission approves an $1,505,415 architectural contract for the design of the Wintergarden to Ehrenkrantz, Eckstut & Whitelaw.
1/7/93 - Goodman Jewelers files a lawsuit, saying Simon & Associates welshed on an agreement to pay $5,000 for a relocation study and $1,765 in attorney fees.
1/93 - Lazarus closes its downtown store
3/9/93 - L. Strauss files bankruptcy, saying delays in the mall development contributed to its financial difficulties.
4/7/93 - The Metropolitan Development Commission awards a $256,300 contract to Weddle Brothers Construction to fill up the hole at the northeast corner of Washington and Illinois streets.
4/21/93 - The Metropolitan Development Commission approves $4.48 million to go to Weddle Brothers Construction to begin work on a second underground garage in the block bounded by Meridian, Washington, Maryland and Illinois. The commission also approves Circle Center Development Company as the mall's developer and manager. Although they had the contract previously they had to re-bid as a formality because of significant changes in the scope of the project.
5/5/93 - The Metropolitan Development Commission approves a contract of $5.5 million to PKM Steel Service; the actual construction will be subcontracted to Mid-America Steel Erectors and Rodbusters.
6/2/93 - The Metropolitan Development Commission approves a $3.09 million contract to Montgomery Elevator Co. for installations of elevators and escalators in the mall.
7/6/93 - The proposed mall receives formal approval from the Indianapolis Historic Preservation Commission.
7/14/93 - Preliminary designs call for a landscaped plaza on the southwest quadrant of Monument Circle, where there is now a hole, by October.
8/4/93 - The final design of the Wintergarden is unveiled.
9/2/93 - Above-ground steel work construction begins.
12/1/93 - Maryland Street, between Illinois and Meridian streets, closes today for construction of an overhead walkway.
1/28/94 - Mayor Goldsmith announces an amended project agreement with the development group Circle Center Development Corp, giving safeguards.
3/2/94 - As of March 1, the city has spent $110 million of its $187 million in construction costs. Work on structural steel for Nordstrom began this week.
3/21/94 - The Indianapolis Arts Council announces that Lilly Endowment will donate $12 million to build the Wintergarden.
3/22/94 - Rehabilitation is under way for Parisian in the old Ayres building.
4/1/94 - Maryland Street reopens.
4/26/94 - Demolition begins on Illinois Self Park Garage. It will be replaced by a 1,500-space garage for the mall.
5/19/94 - A Topping off ceremony takes place with the last steel beam of the structure, which people in the community had been invited to sign, lifted four stories above the southeast corner of Washington and Illinois streets.
5/23/94 - A worker is injured in a fall.
5/31/94 - The mall is called $304 million project.
6/8/94 - About 80 percent of the 94 proposed stores and restaurants have lease committments.
6/20/94 - Engineers and architects present preliminary plans for a streetscape surrounding the mall.
7/30/94 - The Arts Council of Indianapolis launches a contest to name the Wintergarden.
8/24/94 - Negotiations are once again under way between Goodman and the city.
8/30/94 - The cast-iron facade from the former Vajen building along South Meridian is one of eight historic storefronts being preserved and incorporated into the exterior design of the mall.
9/13/94 - Central Newspapers Inc. approves investment of an undisclosed sum in the mall, joining 17 other investors.
9/14/94 - The grand opening of Circle Plaza, on the southwest quadrant of Monument Circle, is celebrated with a Pumpkin Fest and music by the Indianapolis Symphony Orchestra. It is a temporary park area, part of the original design of mall.
9/24/94 - Simon Property Group chooses Asher Agency to handle marketing and advertising for the mall.
10/5/94 - The Metropolitan Development Commission approves a $225,000 contract with Ratio Architects for design work on a $3 million pedestrian walkway between the mall and other buildings, including Union Station.
10/5/94 - Groundbreaking for the Artsgarden takes place, with the new name announced by actress Jane Alexander, chairman of the National Endowment for the Arts. The name, one of 500 entries, was submitted by Mary Longstreth, and chosen by a committee representing the Arts Council of Indianapolis, the Indianapolis arts community and the general public. The Artsgarden will resemble a glass-enclosed Ferris wheel and will be 12,500 sq. ft, 118 ft. diameter.
12/5/94 The intersection of Illinois and Washington streets closes for construction of the Artsgarden.
12/8/94 - A ceremony is held for the raising of the first beam of the Artsgarden, with the help of Indiana Pacer Rik Smits.
12/19/94 - Churchill Downs confirms it will build an off-track betting parlor on the second floor of the Block's building to be called Sports Spectrum. Simon Property Group will assume ownership of the building from the city as part of mall project. The OTB will open Aug 1.
12/21/94 - The Metropolitan Development Commission approves adding three of the Goodman buildings to the acquisition list if they can reach an agreement.
1/3/95 - As of Dec. 1, the city had paid out $152.4 million, with another $24 million worth of work underway on city's part of $87 million. A consortium of private companies are responsible for $70 million and three foreign banks are responsible for $45.5 million in loans. Since mall construction began in earnest at the beginning of 1993, the Metropolitan Development Commission has approved 63 change orders - all but three increases.
1/12/95 - United Artists announces it will open a nine-screen movie theater with 2,700 seats in the mall.
1/13/95 - Churchill Downs will shift their off-track betting site from the mall to Claypool Court's third floor.
1/16/95 - The intersection of Illinois and Washington streets reopens.
2/6/95 - The city announces a six-month long "Full Circle Celebration,'' Sept. 4 through February 1996. It will include festivals, activities and events to celebrate the mall's opening, with half the $1 million cost of the festival already raised from private sources.
3/14/95 - A deal is struck between the city and Goodman Jewelers ending a 15-year battle. The city will buy Two West Washington, then swap it for the Goodman buildings at 24, 26 and 30 West Washington Street, and will pay Goodman $1.2 million to cover moving and maintenance. Goodman will keep the building at 20 West Washington Street.
3/17/95 - Showscan Entertainment will open a 36-seat movie theater in the mall, in which the seats will move in synchronization with the film so that the viewer feels a part of the action.
4/7/95 - Herron School of Art junior N. Beth Line, 34, is chosen the winner of the mall rooftop mural competition. Her entry, ``Captivating Quilts,'' will be the world's largest mural at 276,000 sq. ft.
4/10/95 - The model for ``Captivating Quilts'' is unveiled.
4/17/95 - A time capsule is buried by Indianapolis Downtown Inc., five feet under the sidewalk on the west side of Meridian Street at the mall construction site.
4/19/95 - The Metropolitan Development Commission approves more change orders totaling nearly $2 million. The city is close to having everything contracted out.
4/28/95 - Joel Grynheim is named director in charge of arts programming and daily operations for the Artsgarden.
5/10/95 - USA Group buys the lease for Union Station and its parking garage at an open auction at a cost of $3.2 million. They will turn Union Station over to the city but keep the garage for employees with the hope of moving their headquarters downtown. From May through December the Indianapolis Police Department will have an increased number of officers downtown, with the addition of bike and foot patrols to the already present horse patrols, in an effort to increase safety and decrease crime in connection with mall construction.
6/7/95 - Simon Property Group releases a list of 59 stores to occupy retail space. 92 percent of the mall is leased, with about 42 percent of the stores new to the Indianapolis market.
6/8/95 - USA Group will buy the vacant Ayres building from the city for $50 and spend at least $14 million on renovations to make it its headquarters.
6/12/95 - Plans are announced for opening festivities on Sept. 8 opening, with pre-opening charity events on Sept. 6 and 7.
6/13/95 - A temporary restaurant called Plaza Cafe opens in the plaza on the southwest quadrant of Monument Circle. It will be run by Ritz Charles.
6/14/95 - Nordstrom and Parisian announce managers for mall stores.
7/10/95 to 7/12/95 - A three-day Circle of Opportunity Hiring Fair is held in the Indiana Roof Ballroom, sponsored by Simon Property Group, with 4,500 applicants applying for 2,000 openings.
9/8/95 Circle Center Mall Indianapolis officially opens to the public with four floors, 100 retail stores, 20 places to eat, 9 movie theater screens and 12,000 parking spaces within one block.
Real Estate; A new mall in downtown Indianapolis Real Estate; A new mall in downtown Indianapolis is a monument to public-private partnerships.
By Jennifer Kent
Published: Wednesday, November 9, 1994
PASSERS-BY could easily miss the $325 million Circle Center Mall Indianapolis in downtown Indianapolis. Halfway through construction, it looks more like a turn-of-the-century streetscape than the standard mall found in suburbia.
But more than an example of harmonious urban architecture, the center, which is scheduled to open next September, is a monument to public-private partnerships, which have had mixed results in this city.
Indianapolis spent $187 million and a coalition of 17 local businesses invested $70 million more to develop the center. The balance came from three European banks. Indianapolis-based companies formed the Circle Center Development Corporation and put up the money needed to secure the private bank loans for the development.
"It's the most significant public-private partnership ever for a regional project," said Mark Schoifet, spokesman for the International Council of Shopping Centers, a trade group. "It's unprecedented."
The just-completed shell of the Circle Center Mall Indianapolis looks like a post-Civil War block of individual brick buildings. The city refurbished eight old facades that were either on the site or were moved to it from nearby sites -- including one building 122 years old -- as part of the mall's exterior.
"The intent was to make it blend in so it didn't look like a box," said Greg Broady, vice president of a masonry contractor, the Broady-Campbell Company, which won a bid for the facade renovation.
The development of the 800,000-square-foot mall is widely credited for Fruehauf Trailer's decision in September to relocate from Detroit to downtown Indianapolis. Banc One Mortgage and the Disciples of Christ, a church group, also credit downtown renewal with their decisions to relocate and take a combined 170,000 square feet downtown.
"With the synergies created by the mall, we think a lot of good things will continue to happen in real estate," said Bill French, vice president and manager of the commercial division of the F. C. Tucker Company, a real estate brokerage. "Within three months we expect the vacancy rate will be down to 19 percent."
At the end of September, the office vacancy rate downtown was 22.6 percent, up from 20.7 percent a year earlier, according to Tucker.
The vacancy rate for class A, or prime, office space, however, is about 15 percent, compared with 20 percent in recent years.
The Simon Property Group, Circle Center Mall Indianapolis' developer, said it had obtained lease commitments for 85 percent of the mall space, including Nordstrom and Parisian, two national department-store chains, as anchors. The Limited Inc.'s stores will occupy 70,000 square feet.
An underground parking garage will have 1,200 spaces. Next door, an eight-level garage has 1,500 spaces. Parking will cost $1 for three hours to encourage shoppers and deter all-day commuter parkers, said Herman Renfro, vice president of development for Simon.
Construction began recently on the Artsgarden, a glass-enclosed performance center that will be suspended over the city's busiest intersection and connected to the mall. The 12,500-square-foot center was financed by the Lilly Endowment, the charitable arm of Eli Lilly & Company.
Stephen Goldsmith, the Indianapolis Mayor, said he was not counting on a huge profit anytime soon. Other Indianapolis projects done as public-private partnerships include the RCA Dome (formerly the Hoosier Dome) and Union Terminal, a train station renovated into a marketplace in 1989. They are among a half-dozen such projects losing millions of dollars a year.
The state will collect all the sales tax generated by Circle Center Mall Indianapolis.
"The state makes a substantial return on our investment," the Mayor said. "Our return is more problematic." The city will repay the $150 million bond issue with rental fees and with downtown real estate taxes collected in excess of where they were frozen in 1988 -- known as tax increment financing.
A version of this article appeared in print on Wednesday, November 9, 1994, on section D page 23 of the New York edition.
Adaptability Is Key In The Hardy Midwest
Sep 1, 1997 12:00 PM, Jenny King
Although retail demands shift as borders are crossed, opportunity is evident throughout the region.
There is a joke about a motorist who wants to know whether his turn signals are working properly. He enlists an aid, who stands behind the vehicle and responds, "They're working; they're not working; they're working; they're not working." Midwestern retail developments may be summed up the same way.
Big boxes are performing well in Springfield, Mo., while their twins are underperforming in Chicago. Regional malls are strong in Grand Rapids, Mich., but they are weaker in Cleveland. Even in a single metropolitan area -- Columbus, Ohio -- a power center is shining near a university, while others in the city are shadowed.
Only those shopping centers anchored by grocery and/or drug stores appear to be wired for regional success. They are working quite well everywhere.
Investors show renewed interest Unemployment is at a record low throughout the Midwest, including Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio and Wisconsin. "The Midwest reflects the country," says John Oharenko, vice president for GMAC Commercial Mortgage Corporation in Chicago. "All its states have healthy economies."
There are labor shortages for retail operations but no lack of investment money for building projects. Investors have money to spend, says Oharenko, and interest in real estate is equal to or greater than ever before. "Good real estate of all kinds, including retail, is at a premium," he notes.
Steve Livaditis, investment specialist for Cushman & Wakefield, Chicago, says the retail real estate market is "waking up" after a dormant period. "It's part of a natural cycle," he explains. "Investors are looking for good returns, and returns from shopping centers now are better than they were."
Retail investment is increasing as investors move their funds from other types of real estate, says Livaditis. Properties such as well-located, grocery-anchored shopping centers may produce initial yields as high as 10.5 percent, he reports.
Solid performance records and good sites are key to garnering funding for retail developments, notes Oharenko. "It's less important for a project to have the best credit than for it to be well-located and feature retailers with good sales histories," he says.
Encouraging incomes To an outsider, the Midwest has the demographics to support proven national retailers. According to New York-based Sales & Marketing Management (SMM) magazine, which publishes an annual five-year population and spending power projection for all U.S. counties, the Midwest is harboring a few financial strongholds.
According to the report, Illinois, Minnesota and Michigan lead their sister states in percentages of metropolitan county households having "effective buying incomes" of $50,000 or more per household. Nearly 36 percent of Illinois households meet the mark, followed by 32.0 percent in Minnesota and 31.0 percent in Michigan.
Comparing annual household incomes statewide (including major metropolitan and rural counties), Illinois again leads the Midwest pack. More than 33 percent of Illinois' households boast annual incomes greater than $50,000.
Similarly, throughout the region, a significant number of households report incomes exceeding $50,000 per year. According to SMM, Michigan ranks second (28.4 percent) behind Illinois, followed by Indiana (26.6 percent), Minnesota (26.5 percent), Ohio (26.2 percent), Wisconsin (25.9 percent), Missouri (23.4 percent) and Iowa (21.5 percent).
Based upon its analysis of area incomes and population changes, the magazine projects that, within the next two to three years, retail sales throughout the Midwest will rise. In Iowa, indicators show that, despite small population growth, retail sales for the period will grow 26.8 percent. Meanwhile, sales are projected to rise 25.6 percent in Indiana; 24.3 percent in Minnesota, 21.5 percent in Illinois; and 21.2 percent in Michigan.
Regionally, unemployment for the Midwest stands at 4.3 percent, according to the Bureau of Labor Statistics. Overall, population growth is expected to be moderate over the next few years.
Attention on business districts With stable economies and available funding ahead of them, developers are actively pursuing retail projects throughout the Midwest. However, demands are changing from border to border.
For example, in Chicago, developers and retailers are exhibiting increased interest in central business districts (CBDs). Downtown Chicago's prestigious Michigan Avenue (with a 1.4 percent overall vacancy rate) and bustling State Street (with a 1.6 percent overall vacancy rate) both are enjoying high occupancy.
Tenants that can find space are willing to pay dearly for it, says Bruce A. Kaplan, president of Chicago-based Northern Realty. He reports that monthly rents in the CBD can run as high as $60 sq. ft.
Throughout metro Chicago, many districts are witnessing a similar scramble for retail space. National clothing chains and booksellers are squeezing in, often using limited space in existing buildings.
The CBD surge is "kind of a regional mall backlash by consumers who dislike the size and complexity of malls," Kaplan says. The business districts attract shoppers who want to have a sandwich at a corner bakery, patronize an independent shopkeeper and enjoy the character of an urban neighborhood, he explains.
Eager to revamp their sagging downtowns, Chicago-area municipalities are supporting CBD activity, says Jeff Kuchman, vice president and tenant brokerage director for Mid-America Real Estate Corp., Oakbrook, Terrace, Ill. He reports that local governments are offering financial incentives to spark redevelopment projects.
Outside the business district, grocery stores are in high demand, Kuchman reports. "Chicago is in a back-to-basics mode," he says. "Grocery/drug store-anchored shopping center development isbooming." Jewel and Dominick's supermarkets have 40 projects either under construction or planned for the Chicago area, he adds.
Second- and third-tier retailers are dropping out of the market, causing a rise in vacancies for stores measuring 20,000 sq. ft. to 50,000 sq. ft. "A lot of that -- and it's approaching a total of 1 million sq. ft. -- is tired space whose time is past," Kuchman says. "We estimate 35--40 percent of the space should never be retail again."
Mid-America's 1997 shopping center report projects 5.5 million sq. ft. under development in Chicago this year. Thirty-five shopping centers should open in 1997, and 23 more are expanding. A big box vacancy check shows 175 spaces available, comprising 9.5 million sq. ft.
Projections for 1998 call for 6.3 million sq. ft. of development, according to Mid-America. The firm estimates that 30 new centers will open, and 11 will expand.
Project types vary Unlike Chicago, where power centers appear to be slowing in favor of neighborhood centers, St. Louis is exhibiting an upswing in big box demand. An influx of restaurants, particularly theme eateries, and intense competition among home decorating/improvement retailers are driving the search for good locations, says Scott Saunders, spokesman for Colliers Turley Martin in St. Louis.
"St. Louis is a hodgepodge of demographics, and many locations continue to be profitable," he says. "Right now, it's a sellers' market. There are many [parties] looking to buy and not too many selling. Property is at a fairly low cap rate."
Among existing retail properties, West County Mall is making news in St. Louis. Owned by Los Angeles-based Westfield, the center is slated for redevelopment and the eventual arrival of Missouri's first Nordstrom.
Redevelopment also is at the forefront of retail activity in Columbus, Ohio. Continental Real Estate, Columbus, recently converted a former Lennox heating and air-conditioning factory to a 450,000 sq. ft. power center. Located across the street from Ohio Stadium, Lennox Power Center features Target, Barnes & Noble, Old Navy Clothing Co. and AMC Theatres.
Similarly, a development in Detroit has industrial ties. Model T Plaza L.L.C., Highland Park, Mich., is developing a 110,000 sq. ft. shopping center at the site of a former automotive plant.
Ford Motor Co.'s Highland Park plant, where Henry Ford began building the Model T, is currently being used for warehousing and distribution. On the southwest corner of the 20-acre site, Model T Plaza, anchored by Farmer Jack supermarket, will open its doors this November.
Meanwhile, Detroit is poised for downtown retail development, as three proposed casinos, two new sports stadiums and a revitalized theater district boost demand for shops and restaurants.
Regional projects at a standstill In contrast to other types of retail projects, regional and superregional mall development appears dormant in the Midwest. Yet Grand Rapids, Mich., stands out as a city in need.
"We are truly under-malled in this area," says Bill Bussey, commercial properties specialist for Colliers Trerice Tosto Real Estate in Grand Rapids. "Our one mall is Woodland with 990,000 sq. ft. There is less than 1 sq. ft. of regional center space per capita here versus 6 sq. ft. to 12 sq. ft. elsewhere."
At least three centers are on tap for Grand Rapids. In nearby Hudsonville, Walker Towne Center (1.5 million sq. ft.) and Hudsonville Mall (1.25 million sq. ft.) have been proposed/planned by Robert Schout & Associates, Grand Rapids, Mich. Additionally, Chicago-based General Growth Properties Inc. is developing a 1.3 million sq. ft. regional center in Grandville.
A regional sweep Throughout the Midwest, key metropolitan markets are poised for renewed retail activity. CB Commercial Real Estate Group Inc., based in Los Angeles and with offices throughout the Midwest, provides an overview of the hot spots.
In greater Cincinnati, Montgomery Road is the newest prime location, and the community of Eastgate remains a strong draw. Power centers, department stores, grocery stores, restaurants, and automotive sales and service vendors represent the area's growth segments.
>From its Cleveland office, CB Commercial reports that specialty centers are in demand. The occupancy rate for specialty centers is 95.3 percent, followed by 92.5 percent for major neighborhood centers, 92.3 percent for community centers, 91.0 percent for regional scope centers, and 88.7 percent for regional malls.
Occupancy rates are likely to dip in Minneapolis-St. Paul, according to CB Commercial's Twin Cities office. At the same time, rental rates in "best class" properties may climb slightly, while net rental rates for regional properties are expected to decline. Furthermore, few big-box users are entering the Twin Cities market, and power center development has slowed.
Slowdowns of any sort are not apparent in Indianapolis. Circle Center Mall Indianapolis, which opened downtown in 1995, continues to exceed expectations in its ability to draw traffic and national retailers. The center is owned by Indianapolis-based Simon DeBartolo Group Inc.
Overall, the metropolitan area's retail vacancy rate was 8.2 percent in 1996, reports Dean Almas, sales and leasing specialist for F. C. Tucker Co., Indianapolis. Nevertheless, the north side of Indianapolis is booming with new retail construction and redevelopment. Outparcels on some northern corridors are priced at $1 million per acre, Almas says.
Restaurants, micro-breweries and bagel shops are growing in number throughout central Indiana, Almas reports. Movie theaters are increasing, but at a slower rate than expected, he adds. Almas predicts increased build-to-suit activity for grocery and drug stores, especially as the latter segment continues its move into freestanding locations.
Throughout the Midwest, developers are hearing rumblings of growth. Although population statistics are projected to remain fairly stable over the next few years, the states' stable economies make the region an attractive target for retailers. The Midwest appears to be ripe for a retail feast; from state to state, however, developers must be prepared for differing menus.
Jenny King is a Grosse Pointe, Mich.-based freelance writer.
Illinois * R.G.H. North Riverside L.L.C., Chicago, recently completed renovation of 30-year-old North Riverside Plaza in North Riverside. The 209,000 sq. ft. center received a new roof and facade, new storefront entrances, an HVAC system upgrade, and a new dock to accommodate Kohl's Department Store. Additional anchors are Best Buy and Burlington Coat Factory. Construction services for the project were supplied by Leopardo Cos. Inc., Glendale Heights, Ill.
* HSS Real Estate Inc., Chicago, recently opened Orchard Place, an 89,000 sq. ft. center in Skokie. The project is anchored by Linens 'N Things and Filene's Basement.
HSS also is renovating University Plaza in Peoria. In addition to resurfacing the parking lot and upgrading the landscaping (completed in June), HSS is demolishing a store formerly occupied by Burlington Coat Factory. In its place, a 46,520 sq. ft. "anchor building" will be added to the center to accommodate one or more major tenants. Construction on the new building is expected to begin this fall. University Plaza tenants include Thompson's Food Basket, Fabric Warehouse, Blockbuster Video and Subway.
* MCL Cos., Chicago, has begun construction on River East, a 13-acre, mixed-use community in Chicago. Located along the north bank of the Chicago River, the $750 million project will include a mix of residential, office and commercial space.
The project's retail component will be housed, along with hotel and additional commercial space, in River East Center. Located on Illinois Street (the east-west link between Michigan Avenue and Navy Pier), the planned center will provide approximately 300,000 sq. ft. for uses ranging from specialized home goods retailing and restaurants to a multi- screen cinema. Construction on River East Center is scheduled to begin early next year.
* Prudential Cullinan Properties Inc., Peoria, Ill., is developing River City Galleria Mall, a 975,000 sq. ft. retail and entertainment center in Peoria. Th e center will accommodate five department store anchors, including Von Maur. The project is scheduled to break ground next year.
* Developers Diversified Realty Corp. (DDR), Moreland Hills, Ohio, is renovating Times Square Mall in Mount Vernon. In addition to remodeling, DDR is installing the center's fourth anchor -- Sears (82,325 sq. ft.) -- thereby bringing the center's total size to 265,986 sq. ft. Scheduled to open this fall, Sears joins existing anchors JCPenney, Stage Department Store and Country Fresh Market. The full renovation will be complete by spring 1998.
DDR is expanding Woodfield Village Green, a 515,819 sq. ft. center in Schaumburg. The addition of Price Costco by next fall will add more than 130,000 sq. ft. to the center. Current anchors include Builder's Square, Service Merchandise, Sports Authority, Marshalls, Circuit City and OfficeMax.
* Chicago-based Landau & Heyman has two Illinois projects under way. In Chicago, the firm is redeveloping a 65,000 sq. ft. atrium located on the bottom two floors of Citicorp Center. The atrium, which contains retail shops and a food court, will be updated in two phases. During the first phase, scheduled for completion this December, the food court will be expanded 40 percent. New tenants include Pacific Rim Express, Seattle's Best Coffee, Auntie Anne's Pretzels and Sweet Factory. Phase II, slated for completion early next year, incorporates common areas, lighting and new signage. Citicorp Center is owned by General Electric Pension Trust, Stanford, Conn.; it is managed by Chicago-based LaSalle Partners.
In Pekin, Landau & Heyman is demalling Pekin Mall, owned by Chicago-based Tazewell Investment Fund. The 490,000 sq. ft. mall will re-open in 1998 as a 350,000 sq. ft., open-air center. The front of the existing center, as well as the common areas, will be demolished. Applebee's Neighborhood Bar & Grill, and First National Bank will join the center, which is anchored by Bergner's and JCPenney.
* Chicago-based Urban Retail Properties Co. has completed renovation of Louis Joliet Mall in Joliet. The project encompassed 84,000 sq. ft. and included new porcelain ceramic tile; interior graphics and planters; interior paint and design; lighting; and interior and exterior entrances. The center is anchored by Carson Pirie Scott, Marshall Field's, JCPenney and Sears. Construction services for the $2.2 million project were supplied by Leopardo Cos. Inc., Glendale Heights, Ill.
* Indianapolis-based Simon DeBartolo Group Inc. is renovating Alton Square, a 629,194 sq. ft. regional center in Alton. Sears recently opened a new store to coincide with the center's rejuvenation; it joins anchors Famous-Barr and JCPenney. Remodeling is scheduled for completion next month.
* Concordia Realty Corp., Westchester, Ill., recently completed renovation of Cermak Plaza in Berwyn. The 40-year-old center, measuring 300,000 sq. ft., received storefront renovations, architectural updates (e.g., ceramic columns, alum- inum copings and canopies) and a new facade. The center is anchored by Marshalls, Service Merchandise and Circuit City. Construction services were supplied by Leopardo Cos. Inc., Glendale Heights, Ill.
Indiana * Muskegon, Mich.-based Horizon Group Inc. recently opened phase VI of Lighthouse Place, a value retail center in Michigan City. The expansion added 57,500 sq. ft. to the center, bringing its total GLA to more than 490,000 sq. ft. Ten retailers, including Claire's Accessories and The Gap, have opened in this latest phase.
* Beachwood, Ohio-based Chase Properties, manager for Pilgrim Place in Plymouth, has announced the completion of an anchor expansion at the center. Last month, JCPenney added more than 8,500 sq. ft. to its existing store. At 183,643 sq. ft., Pilgrim Place includes additional anchors Kmart and Joann Fabrics. It is owned by Plymouth Center L.P., Beachwood.
* Indianapolis-based Simon DeBartolo Group Inc. will renovate Castleton Square, a 1.4 million sq. ft. superregional mall inIndianapolis. To make room for a food court and an 80,000 sq. ft. prototype Galyan's, plans call for the demolition of space formerly occupied by Kohl's. The project also will include new flooring, the addition of skylights and pop-out storefronts, and enhanced interior and exterior landscaping. Construction is scheduled to begin this winter and to be completed by fall 1998. Castleton Square is anchored by JCPenney, Lazarus, L.S. Ayres, Montgomery Ward and Sears.
* Chicago-based Landau & Heyman is redeveloping Glenbrook Square, a 1.4 million sq. ft. superregional mall in Fort Wayne. The 31-year-old center, owned by Northwestern Mutual, Milwaukee, is anchored by Sears, JCPenney, Famous Barr's, L.S. Ayres and Marshall Field's. The project includes the expansion of JCPenney and renovation of the center's food court. It is scheduled for completion early next year.
* Indianapolis-based Gershman Brown & Associates Inc. has completed Lloyd Crossing, a 540,000 sq. ft., superregional power center in Evansville. The $40-million project, which opened in May, is anchored by Wal-Mart Supercenter, Home Depot, Kohl's, Circuit City, PetsMart and Staples.
* Equity Investment Group, Fort Wayne, Ind., has opened Elkhart Market West in Elkhart. The 81,651 sq. ft. center is anchored by Martin's Supermarket and Revco.
Iowa * Noddle Development Co., Omaha, Neb., is renovating 82,000 sq. ft. Atlantic Plaza in Atlantic. Anchored by Hy-Vee (which is adding 13,000 sq. ft. to its store) and Alco Discount, the center is receiving new exterior facias, and new parking lot surfacing, lighting and signage. The project is scheduled for completion this December.
* Chicago-based General Growth Properties Inc. is developing Coral Ridge Mall in Coralville. The 1.1 million sq. ft. center, due for completion next July, will feature Dillard's, JCPenney, Sears, Target and Younkers. In Council Bluffs, General Growth is adding an 80,200 sq. ft. Sears store to Mall of the Bluffs. Existing anchors for the 692,230 sq. ft. center include Dillard's, JCPenney and Target. Sears is scheduled to open next October.
As manager of Lindale Mall in Cedar Rapids, General Growth has announced the completion of the center's expansion and renovation. More than 55,000 sq. ft., including a new food court, was recently added to the center. Anchored by Sears, Von Maur and Younkers, the mall totals 822,139 sq. ft. It is owned by Equitable Life Insurance Co., Atlanta.
Michigan * Malan Realty Investors Inc., Birmingham, Mich., is planning two retail developments: an open-air shopping center in Grandville, and a masterplanned project in Farmington Hills. Construction for the 400,000 sq. ft. Grandville center (as yet unnamed) is planned to begin next spring. Tenants will consist primarily of big-box national and regional retailers. The project is slated to open next fall.
In Farmington, a project comprising 43 acres of commercial development and 33 acres of multi-family residential development is planned. The commercial component will include a 300,000 sq. ft. "lifestyle" center and a 185,000 sq. ft., freestanding Kmart store. The shopping center is being designed to emphasize individual store fronts in a main street setting. Construction dates for the project have not been disclosed.
* Developers Diversified Realty Corp., Moreland Hills, Ohio, is expanding Cascade Crossing in Sault Ste. Marie. Scheduled for completion this December, the project will add OfficeMax (23,000 sq. ft.) to the center's existing anchors: Wal-Mart, Glen's Country Market and JCPenney. The expansion will bring the center's total size to 262,267 sq. ft.
* Southland Acquisitions Ltd. L.L.C., an entity of Meyer C. Weiner Co., Portage, Mich., is developing Southland Shopping Center in Portage. The 51,568 sq. ft. center is scheduled for completion next month. Anchor Circuit City opened in May and will be joined in November by Old Navy Clothing Co. Tenants for the center's small store space have yet to be announced.
* Beachwood, Ohio-based Chase Properties, manager for Saginaw Square in Saginaw, has added a newanchor to the 309,147 sq. ft. center. Joann Etc. (45,000 sq. ft.) opens this month, joining existing anchors Target, Circuit City, Media Play and Staples. The center is owned by Saginaw Center L.P., Beachwood.
* Chicago-based General Growth Properties Inc. is breaking ground this year on RiverTown Crossings, a 1.3 million sq. ft. center in Grandville. Scheduled to open in fall 1999, the center will be anchored by Hudson's, Sears and three additional department stores. In Port Huron, General Growth's Birchwood Mall opened a 100,000 sq. ft. Hudson's department store last month. The 733,485 sq. ft. center features additional anchors Younkers, JCPenney, Sears and Target.
Minnesota * General Growth Properties Inc., Chicago, is expanding Eden Prairie Center, a 984,320 sq. ft. center in Eden Prairie. Anchored by Sears, Target, Kohl's and Mervyn's, the center is adding a 225,000 sq. ft. Dayton's department store and a 75,000 sq. ft. theater. The project is scheduled for completion in 1999.
* Developers Diversified Realty Corp., Moreland Hills, Ohio, reports that Kmart is adding more than 27,000 sq. ft. to its existing store at Paul Bunyan Mall in Bemidji. Due for completion by next spring, the project will bring Kmart's size to 95,205 sq. ft. and the center's size to 285,166 sq. ft. JCPenney and Herbergers are the center's additional anchors.
Missouri * Renovation was recently completed on Central Plaza Shopping Center in Ballwin. Owned by an affiliate of St. Louis-based Pace Properties Inc., the 180,000 sq. ft. center received a new facade and parking lot surfacing. The center is anchored by Walgreens, T J Maxx, Bed Bath & Beyond, and Borders Books & Music.
* ORIX Sansone L.L.C., a joint venture between Chicago-based ORIX Real Estate Equities Inc. and St. Louis-based Sansone Group Inc., broke ground this year on Promenade at Brentwood, a 299,000 sq. ft. power center in Brentwood. The center will be anchored by Target, HomePlace and PetsMart. The first occupancy is slated for March 1998.
Additionally, Baltimore-based Prime Retail Inc. has signed a "memo of understanding" with Sansone to develop a 700,000 sq. ft. value retail/entertainment center in Eureka. The enclosed mall will feature outlet stores, big-box retailers, and entertainment and restaurant venues. It is projected to open in early 1999.
* St. Louis-based Midland Group is developing Dietrich Meadows Shopping Center, a 77,625 sq. ft. project to open this fall. The center is anchored by Designer Shoe Warehouse, Computer City, Party City and Hollywood Video.
* Indianapolis-based Simon DeBartolo Group Inc. plans to renovate and expand Independence Center, a 903,805 sq. ft. superregional center in Independence. Anchored by Dillard's, The Jones Store Co. and Sears, the center will receive a new food court in addition to an updated tenant mix. Project dates are undisclosed.
* Developers Diversified Realty Corp., Moreland Hills, Ohio, has completed renovation of Fenton Plaza, a 100,548 sq. ft. center in Fenton. (Fenton Plaza is featured as Shopping Center World's Renovation Case Study in this issue.)
Ohio * Bloomfield Hills, Mich.-based The Taubman Realty Group recently opened The Mall at Tuttle Crossing, a 980,000 sq. ft. superregional center in Columbus. Anchored by Marshall Fields, Lazarus, JCPenney and Sears, the center comprises more than 120 retailers, services and restaurants. It is managed by The Taubman Co., Bloomfield Hills.
* Cleveland-based JND Properties Inc. is repositioning 180,000 sq. ft. Hillsdale Shopping Center in Canton. The center will be remodeled, and planned tenant turnover will result in 20,000 sq. ft. to 30,000 sq. ft. of space for an additional anchor and smaller shops. Current anchors include Acme Foods (which is converting to a Fresh Market concept), Litehouse Pools, Goodwill and National Bedrooms. The project is scheduled for completion next year.
* In partnership with RG Properties, Dayton, Ohio, St. Louis-based Midland Group is developing Colerain Square in Cincinnati. The 275,000 sq. ft. center, due for completion in October 1998,will be anchored by Target and Lowe's. Last November, Midland opened Windmiller Square in Pickerington. The 125,457 sq. ft. center is anchored by Kroger and Sears Hardware.
* Columbus, Ohio-based Glimcher Realty Trust is developing phase I of Meadowview Square, a 151,000 sq. ft. center in Kent/Ravenna. Wal-Mart opened earlier this year, and smaller shop spaces are due to open by year's end. In Newark/Heath, Glimcher is expanding 421,153 sq. ft. Indian Mound Mall. A 92,000 sq. ft. Sears and 6,000 sq. ft. of specialty shop space are due to open this month. In addition, the center's current six-screen theater is expanding to 11 screens, due for completion before 1998. Indian Mound Mall is anchored by Elder-Beerman, Hills, Lazarus and JCPenney, in addition to Sears.
* Developers Diversified Realty Corp. (DDR), Moreland Hills, Ohio, will break ground this year on Uptown Solon, a 210,000 sq. ft. center in Solon. Scheduled for completion in fall 1998, the center will be anchored by HomePlace.
In North Olmsted, DDR is expanding The Plaza at Great Northern, bringing the center's size to 597,497 sq. ft. The project adds HomePlace (49,733 sq. ft.) to the center's current anchors: Best Buy, Regal Cinemas, Marshalls, CompUSA, PetsMart, Kids "R" Us and Marc's Discount. It is scheduled for completion this month.
Cinemark Theatre is joining the tenant roster at DDR's Macedonia Commons in Macedonia. Due for completion next spring, the 53,933 sq. ft. addition will bring the center's size to 387,642 sq. ft. Macedonia Commons is anchored by Wal-Mart, Kohl's, Finast Supermarket and Koenig Sporting Goods.
* Oberer Holdings II Ltd., Dayton, is expanding Centerville Place in Centerville. By the end of this year, up to 40,000 sq. ft. will be added to the 325,000 sq. ft. center. Anchors include Kroger, Elder Beerman and Rite Aid.
Oberer Development Co., also of Dayton, is developing Shoppes at Valle Greene North as part of a mixed-use development in Fairborn. The 288,000 sq. ft. center, scheduled for completion in spring 1999, will be anchored by Kroger. Both projects are managed by Gold Key Realty, Dayton.
* Southland Stores Co., Cleveland, is renovating Southland Shopping Center in Middleburg Heights. The $4 million project, due for completion in fall 1998, will include a complete remodeling, and an expanded blend of national and local retailers. At 880,000 sq. ft., Southland Shopping Center features Sears, Burlington Coat Factory, T J Maxx, Dick's Sporting Goods, Old Navy Clothing Co., Rini Rego Marketplace, Marc's and Family Toy Warehouse. The center is managed by Cleveland-based Visconsi Cos. Ltd.
* The Learwood Square Co., Avon Lake, Ohio, is expanding and renovating Learwood Square Shopping Center in Avon Lake. Currently totaling 105,000 sq. ft. of GLA, the center is getting a fourth outparcel building (9,000 sq. ft.), which is scheduled for completion this fall. New tenants for the addition include Bruegger's Bagels, Pizza Hut and Arabica Coffeehouse. The property is managed by JND Properties Inc., Cleveland.
* Indianapolis-based Simon DeBartolo Group Inc. is expanding and renovating Southern Park Mall in Youngstown. In addition to a boost in GLA, improvements include new fountains, ceiling treatments, skylights and floor coverings. At 1.2 million sq. ft., the superregional center is anchored by Dillard's, JCPenney, Kaufmann's and Sears. The expansion will be completed this November.
* The Georgetown Co., New York, along with Miami-based Steiner + Associates, will break ground this year on Easton Town Center in Columbus. In addition to residential and hotel/conference components, the 560,000 sq. ft., mixed-use project will comprise: specialty retail (125,000 sq. ft.), destination retail (70,000 sq. ft.), restaurants (60,000 sq. ft.) and entertainment (100,000 sq. ft.). It is due for completion by spring 1999.
Wisconsin * General Growth Properties Inc., Chicago, is expanding and renovating Fox River Mall in Appleton. In addition to a 35,000 sq. ft. expansion to the food court, the center is receiving updated interior lighting and finishings. The food court expansion is due for completion this November, and remaining renovations will be completed by next February. Meas-uring more than 1.2 million sq. ft., Fox River Mall is anchored by Dayton's, Younkers, JCPenney, Target and Sears (which added 30,000 sq. ft. to its store in May).
In Eau Claire, General Growth is expanding 869,031 sq. ft. Oakwood Mall, where a 23,000 sq. ft. theater complex is scheduled to open next month. The center is anchored by Dayton's, JCPenney, Target, Sears and Scheel's All Sport.
* Indianapolis-based Simon DeBartolo Group Inc. has begun renovation of Forest Mall, a 481,581 sq. ft. regional center in Fond du Lac. The project includes a new floor, ceiling and skylights, as well as entrance and common area upgrades. The center is anchored by JCPenney, Kohl's, Sears and Younkers. Project completion is set for May 1998.