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The reasons for the long vacancy were the lack of financial interest in condos and vacant office space downtown in the 1990s, combined with a complex ownership situation in which the bank owned part of the land and several heirs to an earlier property owner owned the rest. It took lengthy negotiation to get the land ownership resolved.
The new property owner began neglecting not only the property taxes on Washington Square Mall but also the upkeep of the mall as well. [7] Management had trouble keeping up with garbage collection, maintenance, and other basic needs of the mall when Kohan stopped payments to Washington Square.
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties [3] as of 2021.
The Indianapolis City-County Council will propose levying a new fee on downtown property owners to pay for public safety and clean-up efforts.
David E. Simon (born 1961/1962) is an American billionaire real estate developer, chairman and chief executive officer (CEO) of Indianapolis-based Simon Property Group, an S&P 100 company and the largest U.S. publicly traded commercial real estate company.
Riley Towers Riley Towers I and II in 2011 Former names James Whitcomb Riley Center, Towers at Riley Center General information Status Completed Type Residential apartments Location 225 E. North St. (Tower I) 600 N. Alabama St. (Tower II) 700 N. Alabama St. (Tower III) Indianapolis, Indiana 46204 Coordinates 39°46′30.5″N 86°9′10.2″W / 39.775139°N 86.152833°W / 39.775139 ...