Home Fashion Simon announces major expansion of Keystone Fashion Mall

Simon announces major expansion of Keystone Fashion Mall

Indianapolis, Indianapolis’ own Simon Property Group, the country’s largest owner, developer and manager of high quality retail real estate, announced today a major expansion of one of the country’s most productive and fashionable retail addresses, Fashion Mall at Keystone on Indianapolis’ northside. The Fashion Mall at Keystone will undergo a 150,000-square-foot expansion that will add retailers, move the food court and add parking decks.Approximately 20 unique tenants will continue the high-fashion trend that has seen an unequaled collection of retailers call Fashion Mall at Keystone home.      The Northeastside mall is a haven for upscale retailers and the expansion, which will start next year, will add to its reputation as a high-end shopping destination, said owner Simon Property Group. "We're taking a first-class retail project and taking it to the next level," Simon CEO David Simon said in a statement today. “This is a signature project for us and we’re thrilled to be creating this unparalleled retail environment in our hometown.” The project calls for adding 100,000 square feet on the second level on the mall's west end, where Nordstrom department store is moving into a 130,000 square foot store in the fall of 2008. The food court will be relocated to the new second-floor space. On the east side of the mall, another 50,000 square feet of space will be added. An additional 50,000 square feet will be added on the east side of Fashion Mall at Keystone where Indiana’s only Saks is currently located. New multi-level parking decks will be constructed to accommodate the additional shopper demand. Today’s announcement continues a gold rush of tenants eager to locate at Central Indiana’s premier retail address. Within the past 18 months, Tiffany & Company, Sony Style, Tommy Bahama and Lucky Brand Jeans have all opened doors at the Fashion Mall.

 

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