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More changes coming to Glendale Town Center

(rendering courtesy of Glendale Town Center) by: Alex Brown, Inside INdiana Business Posted: Feb 25, 2021 / 11:20 AM EST INDIANAPOLIS (Inside INdiana Business) The Glendale Town Center on the north side of Indianapolis will soon be seeing more changes. Indianapolis-based Kite Realty Group Trust (NYSE: KRG) has announced plans to redevelop a portion of the shopping center in addition to the $40 million apartment complex currently under construction. Kite says more than 50,000 square feet of the former Macy’s store will be redesigned to accommodate Ross Dress for Less, Old Navy, Five Below, and other retailers. Macy’s closed the Glendale Town Center location in 2019 and Kite says its Target, Lowe’s, and Staples stores will remain at the shopping center.

Kite Realty Group Trust (KRG) Q4 2020 Earnings Call Transcript

Operator Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter 2020 Kite Realty Group Trust Earnings Conference Call. [Operator Instructions] I d now like to hand the conference over to your host today, Mr. Bryan McCarthy, Senior Vice President, Marketing and Communications. Please go ahead. Bryan McCarthy Senior Vice President of Marketing and Communications Thank you, and good morning, everyone. Welcome to Kite Realty Group s fourth quarter earnings call. Some of today s comments contain forward-looking statements that are based on assumptions of future events and are subject to inherent risks and uncertainties. Actual results may differ materially from these statements. For more information about the factors that can adversely affect the company s results, please see our SEC filings, including our most recent 10-Q. Today s remarks also include certain non-GAAP financial measures. Please refer to yesterday s earnings press release available on o

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