Search
 

Simon Plans 950,000-SF Midwest 'Main Street'

NOBLESVILLE, IN-Simon Property Group and Gershman Brown & Associates are gearing up to develop Hamilton Town Center, an open-air center here with a "Main Street" feel.

By Brian K. Miller | Updated on June 27, 2005

For more retail coverage, click GlobeSt.com/RETAIL.

NOBLESVILLE, IN-This city 30 miles north of Indianapolis will be gaining a 950,000-sf regional shopping center if plans by Simon Property Group Inc. come to fruition. The Indianapolis-based public company says it hopes to have Hamilton Town Center open for business in the fall of 2007. The 100-acre development site is situated adjacent to the City of Noblesville’s corporate campus, between the north side of Interstate 69′s Exit 10 interchange and a soon-to-be realigned and widened 146th Street. If all goes as planned, the center will be filled with local and nationally recognized retailers and restaurants in an open-air “Main Street” environment.A source at Simon tells GlobeSt.com that although it has no firm tenant commitments for the property, “our developers talked about this project [at the International Council of Shopping Centers conference] in Las Vegas and the reception was really strong. I would anticipate that in the next several months we will have some nice names to announce.”Simon plans to develop Hamilton Town Center in partnership with Gershman Brown & Associates, an Indianapolis-area developer that includes former Simon employees. Gershman Brown COO Tom Crowley says the development is an opportunity to turn the City of Noblesville and Hamilton County into an upscale retail destination while serving a large portion of the Indianapolis metropolitan market. Simon owns 30 retail developments in its home state, including 16 community/lifestyle centers, 12 regional malls and two outlet centers. Nationally, it owns or has an interest in 295 properties. Simon also holds interests in 52 shopping centers in France, Italy, Poland and Portugal as well as five Premium Outlet centers in Japan, another in Mexico and one shopping center in Canada.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.