Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
The Piano Merchant is closing after almost 22 years in
business at the corner of 54th Street and College Avenue. One of the three partners is ill and another is ready to retire,
said Doug Lawson, the store's general manager and a third partner. The group closed its Carmel store in 2006 and plans to
close the Indianapolis location by the year's end. The owners plan to continue to service the hundreds of pianos they have
sold over the years. Partners Brian Spears and Bill Scharbrough own the building and expect they won't have any trouble leasing
the Piano Merchant space. Both Yats and Jazz Kitchen are eager for more space, and a new Fresh Market is under construction
just to the north.
Yats has really helped that corner, as the space it took had been a bit cursed, and now it's a hotspot. Thanks be to Yats.
That said, its small space is one of its charms. However, I can't fault them for wanting to expand. Maybe they'll use real
silverware.
I'm a bit surprised the Jazz Kitchen wants more space. They just expanded a few years ago.
While we're making suggestions for something to go there, I'm gonna throw this out: a bookstore like Big Hat Books.
I'd like to see a nice breakfast-and-lunch spot. Oh wait--there's already Northside News Cafe at 54th and Taste Cafe at 52nd.
How about an independent record store? Oh yeah--Luna's at 52nd now.
Flower shop? Yep--Bokay and Posh Petals.
I know! A specialty pet store! Oh, that's right--City Dogs is at 49th and College.
I'm sad to see the Piano Merchant go just as College Ave. is undergoing a retail resurgence. They've been great for the
neighborhood, even through the tough times. It'll be exciting to see what comes next, though. How about a jewelry/gift shop,
a la Silver/Home in the City, or Turandot?
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I'm a bit surprised the Jazz Kitchen wants more space. They just expanded a few years ago.
While we're making suggestions for something to go there, I'm gonna throw this out: a bookstore like Big Hat Books.
How about an independent record store? Oh yeah--Luna's at 52nd now.
Flower shop? Yep--Bokay and Posh Petals.
I know! A specialty pet store! Oh, that's right--City Dogs is at 49th and College.
I'm sad to see the Piano Merchant go just as College Ave. is undergoing a retail resurgence. They've been great for the neighborhood, even through the tough times. It'll be exciting to see what comes next, though. How about a jewelry/gift shop, a la Silver/Home in the City, or Turandot?
Just kidding...I'd vote for expanding Yats. I love that place, but it's hard to find a seat.