Closing: Flower Factory, Frankey's, McVan's

June 21, 2011
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closed signLet's kick off the latest retail real estate roundup with a few notable departures:

  • Flower Factory is closing its massive store in the Greenwood Place Shopping Center along Shelby Street at U.S. 31 in Indianapolis. The chain also has three stores in its headquarters state of Ohio. A going-out-of-business sale has begun, but no word yet on the final day.
  • Frankey's, the Broad Ripple women's specialty boutique, is closing after eight years. The final day for the shop on 912 E. Westfield Boulevard is June 30.
  • McVan's Video Games also is closing its store in Broad Ripple. The small chain based in Fort Wayne opened the shop in early 2009. A closing sale is underway.
  • Square Rootz Deli in Fountain Square has closed. The restaurant opened last summer along Prospect Street across from the Fountain Square Theater.

In more encouraging news:

  • Tiki Bob's Cantina has a new group of owners with plans for a renovation including patio seating and a façade that opens up to Meridian Street. Also planned are a new VIP area and a sports bar for the second floor, said Jason Amonett, who bought the nightspot in March with two partners. The trio also own the martini and cigar bar Subterra Lounge across the street, and are negotiating to replace another nightspot in the neighborhood. The new Tiki Bob's should be ready by mid-July.
  • Charming Charlie, the affordable women's fashion accessories shop, is planning a second central Indiana location, at Hamilton Town Center. The privately held Houston-based chain, which launched in 2004, also has a store at Clay Terrace in Carmel.
  • CVS is planning a new store at the southeast corner of Washington Street and Mitthoeffer Road, across the street from Washington Square Mall. And Chuck E. Cheese's is moving to the strip center on the same corner from a spot along Washington Street just east of Interstate 465.

Elsewhere from IBJ:

And finally:

  • The city is accepting bids for the "beautification" of four downtown railroad underpasses. The work, estimated to cost between $1 million and $2.5 million, would involve the underpasses for Capitol Avenue, Illinois Street, Meridian Street and Pennsylvania Avenue. Bids are due July 12. The bid request does not specify how the underpasses would be improved. Any ideas?
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  • Simple, really
    The railroad underpasses need 4 things: Lighting, moisture control, paint and rust-proofing. If the bidders can handle that, then we will all benefit, including Super Bowl attendees.
  • Landscape Design
    A cool video for inspiring the underpass beautification project: http://vimeo.com/25031134
  • Skateboard parks
    Many cities have turned areas under bridges and overpasses into skateparks (at least, those without traffic). Indianapolis is somewhat hostile to skaters, operating only the Major Taylor skatepark and nonsensically trying to keep skaters out of places like White River State Park and off the Cultural Trail. (How different can skate wheels be than wheelchairs and inline skates, etc.? It's the skaters they don't like.) As skaters say, If your city doesn't have skateparks, your city becomes the skatepark.
  • Facia Art
    While the tunnels need paint the face needs some real help. Ask Herron students to create art.
  • skate parks
    Skate parks are not a bad idea at all. And I am hardly anti-skater at all, but anyone who has seen a concrete platform at between knee and shoulder height has seen the black scuff marks. Wheelchairs and inline skates don't cause that. Skaters unambiguously damage public infrastructure, which is why skate parks are such a smart idea.
  • Uderpasses
    It would be cool if they could involve vegetation underneath the bridges. It would be like walking into a secret garden. I realize there is little natural light, but some plants can take it.
  • Skateboard Parks
    First, each of these underpasses is heavily trafficked, so a skate park is impossible. Second, Liz, roller-bladers and wheelchair users don't slide down or across surfaces the same way skateboarders do. Sassafras correctly points out the widespread damage done by skateboarders to concrete edges of planters, stairs, etc. Those other wheeled users typically don't do "tricks" that cause such damage.

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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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