With the announcement that Nordstrom, the Circle Center Mall's anchor store, will soon shut it's doors, rampant speculation has taken place on both why it closed and what will take it's place. Everything from the crime in the area, to the sluggish state of the economy, has been suggested. My friends over at Urban Indy hit it a bit closer to the mark, that Nordstrom is just not attractive to the downtown residents and out-of-town guests that frequent Circle Center, but it's a comment in their comments section that really hits a home run.
The fact is, the shopping mall, as a concept is outdated. Only one enclosed mall has been built in the United States since 2006. The entire concept of malls that have either shut down, or lost their anchor store and will be shut down, has even spawned it's own term, a dead mall, and has an entire website dedicated to it. Add in that rowdy teenagers seem to be a permanent feature at Circle Center, and it makes it less of a destination for the average consumer, especially in the evening hours and summer months.
I think, unless the concept of the mall is revisited, Circle Center is doomed to become a dead mall. Not in the next few, but maybe 10-15.