Roundup: Half Price Books, GFS, Mr. Dan's, Granite City

July 2, 2012
Back to TopCommentsE-mailPrintBookmark and Share

Half Price Books IndianapolisThe popular secondhand bookstore chain Half Price Books plans to move its Castleton location several blocks west to a shopping center across the street from Rivers Edge. The chain will join DSW in the Broadbent-owned Clearwater Village Shopping Center just east of Kite's Rivers Edge at 82nd Street and Dean Road. Half Price Books plans to take 8,800 square feet and has set a target opening date of Aug. 23. The Dallas-based chain, which also has stores in Avon, Greenwood and at 86th Street and Ditch Road in Indianapolis, will close its store in Castleton Commons behind Castleton Square Mall a few weeks before it reopens at Clearwater Village.

One other retail note:

  • GFS Marketplace has filed plans to open a store in the current home of a Salvation Army Thrift Store along Michigan Road just north of 86th Street. The plans call for a remodel of the 16,195-square-foot space at 3620 Bethany Road. The foodservice distributor also has locations at 2370 N. Shadeland Ave., 4574 Lafayette Road., and 9540 Masters Road. The thrift store remains open.

New restaurants:

  • Mr. Dan's Hamburgers plans to open a new restaurant, its seventh, at the corner of 10th Street and Lynhurst Drive near the Indianapolis Motor Speedway. The chain is taking 1,950 square feet within smelling distance of the legendary Mug'n Bun Drive In.
  • Chicago Hot Dog Company plans to take 1,485 square feet in a retail strip along Michigan Road south of 86th Street. The restaurant is taking space next to Subway in front of Aldi and across the street from Walmart.
  • Dairy Queen plans to join Taco Bell and a proposed new Wendy's just south of Interstate 69 in Fishers, near Olio Road and Olivia Way.
  • Ellas Frozen Yogurt is taking 1,200 square feet in a strip center along State Road 135 north of Smith Valley Road in Greenwood.

Updates first reported on Twitter (Follow @PropertyLines):

  • Granite City Food & Brewery plans to open a restaurant on the first floor of Circle Centre next to Carson Pirie Scott. It sounds like the chain is taking the Bella Vita space. It would be the chain's second central Indiana location, after a restaurant at 96th and Meridian streets.
  • Noodles & Co. is taking over most of the former Blockbuster space at the southwest corner of 82nd Street and Allisonville Road in the Clearwater Springs shopping center managed by locally based PK Partners.
  • Naked Tchopstix has begun its build-out of the former home of Nicky Blaine's at the northeast corner of Washington and Meridian streets, below Jimmy John's and Qdoba. Nicky Blaine's moved across the street years ago.

Finally, if you missed our story in late March on Kite's plans for a Rivers Edge-like makeover in Carmel including a new Earth Fare grocery, Walgreens, City Barbeque, Panera and MacKenzie River Pizza Co., you can read it here.

ADVERTISEMENT
  • Granite City
    This would be their third central Indiana location. They also have a location in the airport.
  • Clay Terrace
    Altar'd State is taking the former Hollister space. They are a christian based clothing store. Mo's a Place for Steaks is starting their building process in the former Estridge space. Biaggi's is in the process of their build out of the former Red Star Tavern and Jimmy John's space (That moved north one space). Maurices has replaced PacSun and the former Lid's location.
  • Granite City
    I thought they were also going to open on east 96th street in fishers.
  • Clay Terrace
    The mix of stores has been consistently declining since they opened that mall. Aside from the maybe the Mo's the newer retail is pretty standard. I always felt that it made little sense to build a "high end" so near the Fashion Mall.
    • Clay Terrace
      The word from Simon is that they are starting to put more effort into getting higher end clients into Clay Terrace again. The interest in the Fashion Mall and surrounding area is so strong that adding higher end tenets up north is okay now. Simon was holding the tenet base back on purpose.
    • Another Mr. Dans
      It appears that they are putting a Mr. Dan's in the strip center on the SW corner of Post and Washington on the eastside. Sign is already up on the building.

    Post a comment to this blog

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT
    1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

    2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

    3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

    4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

    5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

    ADVERTISEMENT