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AMC, Borders To Open at Expanded Castleton

INDIANAPOLIS-A new lifestyle component scheduled to open later this year will add entertainment options to the mix at the 1.26-million-sf Castleton Square.

By Danielle Anderson | Updated on January 21, 2007

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

INDIANAPOLIS-Locally based Simon Property Group says that a multimillion-dollar expansion of Castleton Square should open in time for the 2007 holiday shopping season. Simon is adding a lifestyle component to the south end of its 1.26-million-sf super-regional mall here that will include a 14-screen movie theater, a Borders bookstore and a variety of small shops and restaurants.

A Simon spokesman says that the project is being constructed on the site of the former L.S. Ayres store, which the company acquired from Federated last spring. Borders will occupy 25,000 sf of the new lifestyle component, which also includes a 2,500-seat megaplex operated by AMC and 25,000 sf of multi-tenant retail. Company officials say that the addition of Borders and the AMC theater will help solidify the center’s role as both a shopping and entertainment destination.

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