Upscale steakhouse coming to Maryland Street building

Another upscale steakhouse is coming to downtown Indianapolis.

Cleveland-based Red, The Steakhouse has agreed to occupy the ground floor of the four-story historic building at 14 W. Maryland St., several real estate sources say, across from where Yard House opened in March.
    
Red is operated by Red Restaurant Group and has two locations in Cleveland and one in swanky Miami Beach, Florida. Another, in Boca Rotan, Florida, closed in 2014 after a two-year run.

In Indianapolis, Red will join an increasingly crowded downtown steakhouse market.

Late last month, Keystone Realty Group announced that Hyde Park Prime Steakhouse, also of Cleveland, will occupy 8,000 square feet in the Illinois Building. It should open early next year.

Hyde Park and Red will join existing downtown steak restaurants St. Elmo Steak House, Ruth’s Chris Steak House, Shula’s Steak House, Morton’s The Steakhouse, Harry & Izzy’s, Mo’s … A Place for Steaks, Prime 47, Fogo De Chao Brazilian Steakhouse and The Capital Grille.

The building that Red will occupy was purchased in late 2013 by Jeff Laskowski, former CEO of Wood-Mizer Products Inc. on the west side.

Constructed in 1876, the distinctive building with arched window openings was known as Elliott’s Block and was home to Indiana News Co. after serving as a warehouse annex for L.S. Ayres Co.

An extensive renovation in 1999 transformed the space into an upscale restaurant known as Malibu on Maryland with hotel suites. It last operated as 14 West Restaurant and Suites, closing at the end of 2012.