> Circle Centre Mall tenants feel ‘pushed out’ ahead of redevelopment
Circle Centre Mall tenants feel ‘pushed out’ ahead of redevelopment
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Description
Tenants inside Circle Centre Mall say they are frustrated as they watch more businesses pack up and leave the downtown property.
For years, the mall has struggled with shuttered storefronts and slow foot traffic. This became a bigger challenge when big box stores like Nordstrom and Carson’s moved out.
“We have literally stopped hoping that we make money,” said Apollo Bean, the owner of Apollo’s Fine Fashion on the second floor. “This week I’ve done one transaction a day.”
In December 2023, Hendricks Commercial Properties announced a $600 million redevelopment project that would gut the inside of the mall and replace it with an outdoor concept. The Wisconsin-based company said it would be done in phases over the next decade.
MORE: https://www.wthr.com/article/news/local/circle-centre-mall-tenants-feel-pushed-out-ahead-of-redevelopment-indianapolis/531-edb5dd33-a18c-43ce-9840-5972853cb7fb