Downtown office market set to shift as firms rethink space
A Salesforce decision to permit employees to work remotely even once the pandemic subsides could have long-lasting effects on the downtown office market.
Restaurants
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Indiana should see some economic recovery this year, economist says
Indiana’s economy should start to recover this year from the damage of COVID-19, but the economy likely won’t fully rebound until late 2022 or early 2023, a Ball State University economist says.
BoomBozz owner suing former pizzeria franchisees over new restaurant
The company behind the BoomBozz pizzeria chain is suing the its former franchisees in Carmel and Fishers for allegedly using the company’s recipes and other trade secrets to open Crafters Pizza and Draft House in Carmel.
Report: Steak n Shake might file bankruptcy as early as next week
The struggling Indianapolis-based company lacks the cash to pay off a $153 million loan that comes due March 19. It also has been exploring out-of-court solutions.
Claddagh Irish Pub closes permanently downtown after exit of Plainfield restaurant
The downtown Claddagh opened in 2000 and was the first location in a chain that at one time numbered as many as 17 locations around the Midwest. Most if not all of its locations have since closed.
New restaurant, Block Bistro and Grill, opening downtown
Local restaurateur Terry Anthony said his goal is lure people back downtown and attract repeat customers. The Block opens Sunday in the historic Block Building.
Longtime friends to debut House of Soul Cafe on south side
Indianapolis-based owners David Brown, a chef, and Adam Belt, a commercial pilot, are gearing up to open their fast-casual soul food concept in a space that formerly housed a Dunkin’ Donuts.
Green District planning restaurant on Monument Circle
Green District plans to take over the space on the southwest corner of Monument Circle that was previously occupied by Au Bon Pain.
Q&A with Nicole Ulrich, who manages the food hall at Bottleworks
The massive hall, known as The Garage, currently features 10 dining and drink options and three retail spaces and opened early this month to much fanfare. Another five dining selections are on their way.
Report: Steak n Shake hires adviser to help it navigate debt morass
FTI Consulting will work with the Indianapolis-based company as it explores a possible out-of-court restructuring of its debt and lease obligations or a bankruptcy filing, The Wall Street Journal reported.
16 Tech announces first round of food, retail vendors
The seven vendors, which include restaurants, a space for food entrepreneurs and a barber shop, will occupy 16 Tech’s 40,000-square-foot food and retail hall.
Airport’s retail-refresh timeline shifts with pandemic
Even amid dramatically reduced foot traffic, the facility’s work to refresh its slate of restaurants and shops is progressing—albeit more slowly than initially expected.
Steak n Shake in tight spot as key debt deadline looms
The chain nearly broke even in the latest quarter it reported, no small feat after losing a combined $29 million in 2018 and 2019.
Chicago-style pizza chain Lou Malnati’s confirms 86th Street location
The 86th Street location, the chain’s second Indianapolis-area store, is set to open this spring. Lou Malnati’s confirmed the location last year but until now had not specified when it planned to open.
Real Estate Weekly: News Notes 01/12/20
These news notes appeared in Real Estate Weekly on Jan. 12, 2020:
Once again, job losses fall unequally across U.S. economy
The latest layoffs have been heavily concentrated in the industries that have suffered most because they involve face-to-face contact: Restaurants, bars and hotels, theaters, sports arenas and concert halls.
Culver’s franchisee plans up to 10 more restaurants, new Noblesville HQ
Jeff Meyer is turning the former Boys & Girls Club at 1700 Conner St. into his company’s headquarters. And he plans to keep things rolling by opening another eight to 10 stores by the end of 2023.
Health department unsure of restaurant restrictions for NCAA tournament
Dr. Virginia Caine said the decision on further opening restaurants will be dictated by positivity rates, vaccine distribution and case counts much closer to the tournament.
Shake Shack to move into former Tesla spot at Fashion Mall
This will be the fourth Indianapolis-area location for the fast-casual burger chain, though none have yet opened.
Sahm’s to reopen 96th Street restaurant with new concept
Sahm’s Bar & Grill, which has been closed since March due to the pandemic, is reopening as Hoss Bar & Grill, a modern highway diner concept offering burgers, sandwiches, salads, a dinner menu, beer and cocktails.