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.
Restaurants
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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.
IBJ’s top-clicked stories of 2020 focused on pandemic, restaurants
Stories with some connection to the pandemic dominated the list, but the top story was actually about Cracker Barrel’s move to open a “ghost kitchen” pilot in Indianapolis.
2020 YEAR IN REVIEW: Pandemic forces restaurants, bars to close across central Indiana
Dozens of central Indiana restaurants have closed since the pandemic hit in March—some almost right away, unable to weather the forced closure of their dining rooms. Others gave up the ghost later, after takeout or restricted indoor dining failed to keep them afloat.
Punch Bowl Social restaurant chain files for bankruptcy
The company, which opened a location in downtown Indianapolis in 2016, describes its business as being in a “mothballed period” and said that it anticipates reopening venues “once it is safe to do so.”
Indiana BBQ restaurant sues governor, state over mask mandate
The suit alleges the governor’s executive order is unconstitutional and caused “unjust injury to [the restaurant’s] fundamental civil rights, liberty interests and property rights.”
Fort Harrison’s last historic building up for grabs
The building, which formerly served as the post exchange for soldiers stationed at Fort Benjamin Harrison, was offered for sale by the Fort Harrison Reuse Authority this week. Also this week: Tru by Hilton, Culver’s and more.
Local chocolatier to open retail space, tasting room
SoChatti is adding the storefront to its production, research and warehouse facility in the Circle City Industrial Complex on the city’s near east side. Also this week: J’s Lobster & Fish Market, The Spice Box.
Restaurant closings top 110,000 with industry in ‘free fall’
The nationwide tally—representing one in six U.S. eateries—is among the findings of a survey released Monday by the National Restaurant Association.
Current, former owners of Moe & Johnny’s embroiled in dueling lawsuits
The longtime Meridian-Kessler sports bar and restaurant that announced last month it was closing “until further notice” is at the center of an ongoing legal dispute between the original owner and the new owner, who now wants out of the deal to buy the business.
Carmel may use waterways to land more liquor permits
Carmel is the latest Indiana community seeking to use its waterways as a means to offer businesses cheap and plentiful liquor licenses.
Upgrades planned at Mass Ave’s Davlan Park
The project, set for completion by next summer, will include additional outdoor seating for both Bru Burger and Starbucks. Also this week: 3 Days in Paris, The Tamale Place, Champp’s, Greeks Pizzeria
Entrepreneur plans restaurant, recreational project in Broad Ripple
A local entrepreneur plans to redevelop the former Broad Ripple Steakhouse restaurant site and an adjacent property into a multi-tenant dining concept and outdoor recreation area. The development would utilize numerous shipping containers in its design.
North-side mainstay Moe & Johnny’s closes as owners go back to drawing board
The sports bar and restaurant discontinued dine-in service on Oct. 30 because of the rise in COVID-19 cases. It announced Sunday that it had decided to close “until further notice.”