Saks Fifth Avenue to close as part of redevelopment at The Fashion Mall at Keystone

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Saks Fifth Avenue to close as part of redevelopment at The Fashion Mall at Keystone
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SK Hynix is a South Korean company that makes microchips and now wants to make the packaging that goes around the chips in West Lafayette.

Retailers, dining and entertainment options will be added to the mall, along with an outdoor plaza and new office space, as part of a multi-story project.In this May 11, 2020 file photo, a Saks Fifth Avenue store remains closed on Worth Ave. during the new coronavirus pandemic in Palm Beach, Fla.

Real estate investment group Simon said the redevelopment"paves the way for the continued evolution" of the mall,"bringing more of the respected names in luxury retail and desirable dining and entertainment destinations to the Indianapolis property," which is located near North Keystone Avenue and East 86th Street.

Simon said retailers, dining and entertainment options will be added to the mall, along with an outdoor plaza and new office space, as part of a multi-story project on the southeastern section of the building. No specific new stores or restaurants have been announced. The current Saks Fifth Avenue location will close later this year as part of the plan, according to Simon, and the redevelopment will then begin.

"The redevelopment further solidifies The Fashion Mall at Keystone’s dedication to providing a stand-out retail, lifestyle and community focused destination for the region," Mark Silvestri, president of development at Simon, said in a statement.WTHR would like to send you push notifications about the latest news and weather.

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