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City Market tenant agrees to move to alternate space

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The Indianapolis City Market has dropped its attempt to evict a Greek restaurant after the tenant agreed to move to another location in the historic building.

A settlement between the market and Grecian Garden also calls for the market to pay $5,000 toward the eatery’s legal bills, said the tenant's attorney, Cliff Rubenstein.

“We believe that [the settlement is] an acknowledgment by the market that the case was without merit,” he said.

Market officials on Sept. 1 filed to evict Grecian Garden on grounds the 10-year tenant had paid its rent late for several months. A hearing on the charge, set for Friday, was postponed after the two sides reached their agreement.

Under the settlement, which is expected to be finalized this week, the Grecian Garden will move to a location in the southwest quadrant near the front entrance of City Market off Market Street

Paying Grecian Garden's legal bills was the most inexpensive way to get the restaurant to comply with its lease agreeement, said Bryce Bennett, an attorney for City Market.

"We're disappointed that Grecian Garden made the renovation project more difficult by taking an unreasonable position," he said. "But we're pleased to have resolved the situation under the most cost-effective manner as possible under the circumstances."

As IBJ reported last Thursday, market officials and Grecian Garden owner John Mavrikis were at odds over the restaurant's preferred new location in the historic marketplace.

Rubenstein, of Maurer Rifkin & Hill PC, said the attempt to evict his client stemmed from a past legal dispute between Mavrikis and market management, not because of late rent payments.


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  • Apparently Nasty People Too
    I have been sorely disappointed by GG on multiple occasions. It is sad that they are getting any kind of preferential treatment just for being old. I thought that the only up side to having a bunch of craze hands off free marketeers in Indiana was that businesses actually had to compete. All of the cushy government contracts and back room deals don't really seem to be letting the "free market" be at all free. But don't tell the fat old men running things, they get grumpy easily... especially if their blood sugar is low.
  • Too late and a dollar short
    Had Ballard and his cronies been fair and open, then the city would not have had to pay all the needed expenses associated with this move. Ballard was caught is a I gotch ya deal that backfired in his face. The Greek resturaunt deserves everything it got and probably some more.

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  1. The lack of street-level retail in this part of the Block 400 development is a huge oversight and somewhat perplexing given the high quality of recent city-backed developments downtown. This portion of an otherwise stellar development is going to have an extremely negative impact on the aesthetics, urban environment, walkability, and livability of the NW quad.

    I'm not sure why One America would oppose including retail. And I find it very hard to believe that the thousands of office workers literally footsteps away wouldn't be able to support new lunchtime destinations and other businesses along Illinois and Vermont. We've got to reconnect the disjointed segments of our blossoming downtown, not create yet another lifeless dead zone that no one wants to walk through. Sadly, that is exactly what this massive ugly single-use structure will accomplish.

    Why not follow the precedent set by the proposed garage in Broad Ripple and create an attractive mixed-use structure? Why does the city get it there but not downtown?

  2. Bear mind that DS is just not another lazy, rich kid. He attended Columbia grad school and was in investment banking for 4 or 5 years before joining his dad's company. An annual grant of stock options at market price would be the correct pay-for-performance program then no one could argue with it.

  3. This comes from an executive who gave his wife a Bentley as a wedding present. He is heir to billions of dollars. He should be working for a dollar a year and stock options only. Seems like a conflict of interest, time to bring in a non-relative as CEO. Haven't met him, but have heard his arrogance is legendary.

  4. If the property is improved, property taxes increase - more revenue. If AUL's employment grows, more income taxes - more revenue. If more people move and/or work downtown, it means more demand for goods and services, more employment, more taxes - more revenue, etc., etc. It's not just the city throwing money at big companies. There's much, much more. Yes, the project has private backing, but apparently not enough to make the deal work and therefore they don't have it covered. And while Marsh is a nice anchor, they are no credit tenant like a Kroger or somebody. And if the police department has a major shortfall, they need to reduce the force. This city has way too many policemen.

  5. It's hard to defend billionaires, but David Simon has created a tremendous amount of value for shareholders since joining the company. He is widely regarded as one of the best CEOs in America. The company is growing and making good strategic decisions. And Indy is fortunate to have SPG HQ'd here. Now, does that merit $120 million (about 15 mil over 8 years or so)? Maybe. But this family and David have truly built a business. Should Zuckerberg be worth $20 bil? Who knows. Hopefully David will be supportive of Hoosier charities like his family has.

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