Nearly a decade after it was initia...

Nearly a decade after it was initially propos a major retail increase is nearing completion in downtown Indianapolis. In the intervening years, the shoot forward was stymied by turmoil in the retailing industry and financing vexed questions as banks turned away from real estate lending.

Circle middle point which is scheduled to unclose Sept. 8, will contain 800000 square feet of retail space, including about 100 specialty stores and a multiscreen cinema. Anchor tenants are Seattle-based Nordstrom Inc. and Birmingham, Ala.-based Parisian Inc.

The development's architect is of recent origin York City-based ...