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Absolutely agree and as you point out, there is no excuse given the consortium involved. The city and private business owns find many millions every year to support downtown sports arenas, etc, and need to realize that our continued convention traffic depends on some form of vibrant retail to keep the interest of visitors.
I live downtown and we completely stay away from this area. Until the city, Simon and all parties involved finally get off their backsides I fear it’s only going to get worse. I hope it doesn’t take a high profile and violent crime to occur for somebody to say enough is enough.
One of the biggest problems the mall had, from the beginning, was that it is completely inward facing. Why aren’t there store fronts or at least more window displays for stores to decorate. There is no enticement to go into the mall and shop, there is no reason to linger in front, no signs, no store directory, there is no outside interest or curiosity about what’s inside. Of course, this is assuming something interesting is inside for people to be curious about – it may be too late to try and entice anyone in.
Apparently the mall is asking for too high of a price on their space or else the apple stores and the target stores would be interested in the space that attaches to 6,100 hotel rooms. Greed will get you an empty mall. Let’s get smart and think long term. The Mall should be offering big time deals to these types of stores knowing that landing this type of store will solve there other smaller space issues. Once you land the big stores with great deals, the demand for the other space will increase and that’s when you can make your money. No big stores equals no people traffic and no demand for the other space. Lets get smart Indy!!!
You don’t think Simon is offering “big time deals” to potential anchor tenants? Simon built their empire years ago with this exact template. They know the formula. Your assumption that rent is “too high” couldn’t be further from the truth. Circle Centre offers better leasing rates than any other Simon or Washington Prime shopping center in the Indianapolis area. People are very unrealistic about the types of businesses that Circle Centre can lure to the mall. National tenants aren’t coming. Management knows this but unfortunately the general public has unreal expectations.
I’m 100% certain Simon is embarrassed by the current state of Circle Centre. With that being said, their specialty leasing staff in the Indianapolis area is fantastic but they are fighting an uphill battle. Theft, homelessness and unsupervised young people have taken over the hallways of Circle Centre and any retailer worth a darn knows to stay far away from Circle Centre. Holiday and 4th quarter sales are atrocious for any remaining stores and will continue to decline year over year. Tenants rely almost solely on the traffic flow driven by conventions and events. As national tenants continue to drop, local retailers that Fashion Mall, Castleton, Greenwood, Hamilton Town Center decline to let in their shopping centers will continue to find their way to Circle Centre. The occupancy rate may suffer but will remain relatively stable due to a strong restaurant scene.
Bottom line: Retailers on the level of Apple and Target aren’t making their way to Circle Centre.