Bank leaving flagship corner

June 22, 2007
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Flagstar Bank will likely vacate one of downtown's highest visibility corners, at Meridian and Washington streets, later this year. FlagstarMidland Atlantic is marketing the 3,500-square-foot space in 2 N. Meridian St. as an "unmatched retail opportunity." The bank couldn't come to terms on a lease renewal with the building owners, which include local businessman John Goodman. Midland Atlantic is negotiating with a user that would be new to downtown but not to the market, said broker Nick Wright. He would not say whom. The new tenant could take possession by February 2008.
  • Looks like a good Starbucks location...
  • I know Starbucks isn't shy about locating many stores in close proximity, but they've already got one around the corner from this location on the circle and another about a block away at the Radisson.
  • new to downtown, but not to the market leads me to believe its another bank.
  • The broker says it probably will not be another bank. What would you like to see?
  • Well, it most likely won't be a dining/drinking establishment. The state keeps important records in the basement of that building.

    Indiana Bread Co. used to have a store there facing Washington Street. Years ago, constant floor leaks damaged thousands of documents. I'm pretty sure they'd like to avoid that situation again. But as we all know, time heals wounds, so maybe they'll give it a shot again.

    I'd like to see a hip shoe-store or fashion boutique located there.
  • Perfect spot for a Jamba Juice!!! :)
  • I agree with aberlock. I'd like to see some notable clothing retailer. Downtown needs more retail outside of the mall. Borders was a great start, but it really needs to expand.
  • I'm thinking an Apple Store. And I'm not talking about the fruit.
  • Apple Store would be monumental for downtown. It will be a cheesecake factory or some other worthless chain restaurant. Just what Indy loves!
  • I hope it's another steakhouse chain! ;)
  • My money is on Applebees or Olive Garden.
  • This would be a sweet location for an Apple Store!

    As much as I'd like one to go here, I wonder if there's enough of a market for one so close to the Keystone shop....
  • I'm not sure if there is anymore available space to add to this 3,500sqft. that will open up, but a home store of some sort would be great for downtown. Carson Pirie Scott could stand some competition with their new home department to open soon.
  • I sense a Panera Bread...great competition for Au Bon Pain.
  • I know it won't happen, but the building looks like the perfect location for a Tiffanys. A girl can dream, can't she?
  • I am pulling back on my comment about Panera going in bet is now on a Dunkin' Doughnuts. I just read that they are going to be opening up 80 stores in the metro over the next 6 years. DD can be found on just about every street corner in Chicago, Philly, NYC, etc. I suspect that our downtown will have its fair share. It will be nice to see some cometition for Starbucks.

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