Fashion Mall redevelopment coming; Indianapolis Saks Fifth Avenue closing
INDIANAPOLIS – The Fashion Mall at Keystone will be getting a facelift soon, according to a Simon press release.
The real estate investment trust confirmed Thursday an evolutionary redevelopment is in the works — Saks Fifth Avenue will be closing at the mall in 2024 while the site looks to bring “more of the most respected names in luxury retail and desirable dining and entertainment destinations to the Indianapolis property.”
“Simon is leading the evolution of today’s retail landscape with the strategic transformation of key properties across the country into best-in-class lifestyle destinations,” Simon President of Development Mark Silvestri said in the release.
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“The redevelopment further solidifies The Fashion Mall at Keystone’s dedication to providing a stand-out retail, lifestyle and community focused destination for the region.”
Simon ownership focuses on premier shopping, dining, entertainment and mixed-use destinations.
The mall hopes the new options will position The Fashion Mall as “the market’s premier experiential shopping destination and a gathering place for the community to continue work, dine, play and shop.”
What will Simon’s The Fashion Mall at Keystone redevelopment include?
- A curated collection of highly sought-after retail brands.
- An engaging outdoor plaza.
- First-to-market dining and entertainment options.
- Innovative new office space.
Where will Simon’s The Fashion Mall at Keystone redevelopment take place in Indianapolis?
The multi-story project will encompass the southeastern section of the shopping center located at 8702 Keystone Crossing in Indianapolis, according to the release. This is where Saks Fifth Avenue currently sits on the property.
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Will Saks Fifth Avenue in Indianapolis close for Simon’s The Fashion Mall redevelopment?
Yes, Saks Fifth Avenue will close as part of the plan, according to the release. Saks Fifth Avenue’s closure was already planned for later this year.
“Saks Fifth Avenue has decided to close our store in Indianapolis, Indiana,” a Saks Fifth Avenue spokesperson said. “These decisions are never easy, but they are the right ones for the company. We are committed to treating every associate with respect and fairness throughout the process; all eligible associates will receive appropriate employment separation packages.”
When will Simon’s The Fashion Mall at Keystone redevelopment begin?
The redevelopment “progressive transformation” is expected to start after Saks Fifth Avenue officially closes its doors, according to the release.
What stores operate at The Fashion Mall at Keystone at the Crossing in Indianapolis?
The Fashion Mall is one of the country’s top 50 shopping malls for sales productivity with over 60 brands represented, according to the release. They include but are not limited to:
For a complete list of stores at The Fashion Mall at Keystone, visit simon.com.
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