Five-o-clock, time for bar news

November 14, 2007
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MartiniAn upscale martini bar and restaurant has signed a deal to take the anchor retail space at 757 Mass Ave, the luxury condo building at the southwest corner of Massachusetts and College avenues. Bill Pritt, the owner of Blu Martini, plans to open a new concept called Forty Five Degrees. It will be a full-service restaurant with "a healthy and unique menu including sushi." Pritt has signed a five-year lease for 3,500-square-feet and hopes to open in January. The restaurant would be open for dinner seven days a week and lunch five days a week. In other bar news, downtown's Wild Beaver Saloon plans to open a second location at 723 Broad Ripple Ave., next to Hot Box Pizza, in the former home of Dick's Bodacious Bar-B-Q. The rock-and-roll sports bar's downtown location is at 20 E. Maryland St.
  • anyone else see the humor in the latter report? classic. great news about the new martini bar opening - local, and finally filling that space! probably not my personal style but love to have choices...
  • That's awesome Ryan. I must be slow today, I missed it on the first read. And I agree about 45 degrees: not my style, but options are good. Plus, it's good that they FINALLY got a tenant in there.
  • Great news! Although retail/restaurant leasing has seemed a bit slow with this project, i think their effort to lure upscale tenants is paying off. I checked out Tantrum (the neighboring high-end clothing boutique -- a couple of weeks ago and was really impressed.
  • For two years in a row, 757 Mass Ave was my favorite stop on the Indy condo tour. I think this restaurant will fit very nicely in this building.

    Funny thing about the Hot Box/Wild Beaver/Dick's item. A friend of mine from Chicago pointed out the humor about a month ago when we saw a sign that the Wild Beaver was coming soon. I'm glad that others picked up on it.
  • Can't go wrong with a Sapphire or Plymouth martini!
  • I always thought Broad Ripple could use another bar!
  • And who says sexual enuendos don't sell? LOL What a hoot!
  • I wonder how much money they are asking in rents for the 757 Building. I figured that space would have been scooped up well before now, but they may have been tripping with the price.

    The Blue Martini is a good place and I know that the owner runs a good operation. Hopefully he is successful on Mass Ave!
  • Regarding the 757 project, they were asking sky-high rents with no tenant improvement money and unfavorable terms for the tenant. It sat empty forever because the owners are difficult to deal with. Its a nice project and I hope Blu Martini does well.
  • Anyone else think January is an ambitious opening date? I'm always skeptical until I see the final executed product. But I hope they do well. Kind of an odd mix down there, but there seems to be no shortage of customers.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.