Keystone Fashion Mall redevelopments beginning soon

INDIANAPOLIS — The Fashion Mall at Keystone is in for a major transformation in the coming weeks.

Saks Fifth Avenue is closing its doors at the end of the month to make way for improvements at the Fashion Mall.

“We have sort of a concept of live, work, dine, play shop, you know, it’s sort of this all-inclusive experience for individuals,” said John Rulli, chief administrative officer for Simon Property Group.

The 150,000-square-foot redevelopment project hopes to build off this idea by including office space and storefronts for several more fashion brands.

“We’re going to have a large 22,000 square foot high-end furniture user,” said Rulli. “A very, very nice expansive dining and entertainment complex, adjacent to the office complex, that’s going to be pretty special.”

The expansion will also go outside, beyond the footprint of just Saks to create a plaza.

“You incorporate green space, and outdoor facing shops, and a real sense of place, it takes on a whole different dynamic,” he said.

Simon Property Group said they’ve seen the success of this kind of transformation at other malls of theirs and believe this is the perfect place for it.

“It just will continue to improve the whole shopping experience here and give our shoppers and the demographic here a lot more from which to choose,” said Rulli.

All other stores will remain open during these improvements when construction begins in August.

“We’re constantly tinkering with certain parts of the center to make it better — to make it shop better, to make it flow better, to make the traffic patterns better for the customer,” he said. “That’s happened here on a pretty continuous basis, but nothing like the order of magnitude that we’re about to do.”

The redevelopments are expected to be complete at the end of 2026.