Roundup: Graeter's coming; Currito closes mall location

May 6, 2013
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Graeters_ice_cream_logo_225pxGraeter’s, the historic Cincinnati-based ice cream shop, is coming to Indianapolis, franchisee Jim Tedesco, who operates several Graeter's stores in Louisville and southern Indiana, told IBJ. Tedesco declined to divulge the location until a lease is finalized.

Sub Zero Ice Cream & Yogurt, an Orem, Utah-based franchise, is opening its first Indianapolis store, at 427 Massachusetts Ave.

Ruth's Chris Steak House will move from its current north-side location near Keystone Avenue and East 96th Street to the new Ironworks development on the southwest corner of 86th Street and Keystone. The steakhouse will ocupy 16,500 square feet at the $30 million mixed-use development slated to open in May 2014.

• A Thai restaurant is taking the space at 150 E. Ohio St. formerly occupied by Charlie & Barney’s. Details are sketchy: A sign on the door says the restaurant will open in the summer, and an alcohol permit in the window lists the owner as Thai Kitchen Restaurant LLC. Charlie & Barney’s closed in March.

Yats is moving into larger space—2,453 square feet—within the Trail Side building at 875 Massachusetts Ave., up the street from its current location at 659 Mass Ave.  The local Cajun-Creole chain plans to sell beer and wine at the new restaurant, which should be open by July 1.

Yogulatte is set to open a yogurt shop in June at 5412 N. College Ave. next to Fat Dan’s Deli. It has existing locations at 755 Massachusetts Ave. and 1032 Main St. in Speedway.

Orange Leaf has opened at the Metropolis outdoor mall in Plainfield.

Happy’s Pizza has opened its first location in Indianapolis, at 3820 N. College Ave. The Farmington Hills, Mich.-based chain has about 60 locations in six states.

City Barbeque is set to open a restaurant May 9 in 3,648 square feet of space at 1356 S. Rangeline Road in Carmel and another in 5,010 square feet of space at 621 W. 11th St. in Indianapolis in July. The Dublin, Ohio-based chain has 22 restaurants in Ohio and Indiana, including locations in Avon and Greenwood.

Currito has closed within the food court at Circle Centre Mall. Parent company Nicar Enterprises Inc. of Hamilton, Ohio, owes $23,581 in back rent, according to a lawsuit filed in February by Circle Centre Mall LLC.

  • Any update on Circle Centre anchor?
    Scott: Any update on progress (or lack thereof) in finding a replacement for Nordstorm at Circle Centre? I just keep seeing closures here and there and Currito just rejogged my memory. Thx.
  • Great Relocation
    I'm really excited to hear about Ruth's Chris's moving to Ironworks! That 96th. Street location seems very outdated and not as upscale as what Ironworks will be. Also, I where exactly is City BBQ locating on 11th. Street? When I search that address it appears on the Campus Apartments, but I assume it will be in the strip mall with Donatao's?
    • Graeters!
      I often daydreamed about buying a franchise. My picks would have been Graeters or City BBQ in Carmel. Oh well, good to see someone else trying these.
      • City BBQ
        It is in the strip mall with Jimmy Johns.
      • Ruth Chris
        I always thought that Ruth Chris location was strange. It's very hard to get in and out of, especially if you're not all that familiar with the area. Plus, I just avoid that intersection as much as possible. It's new location will serve it much better, I think.
        • Nordie
          I too would like to see an update on what's happening (or not) at the Nordstrom site. It seems to me that's a big reason why Georgia St. is a bust - a lack of foot trffic to bring people in.
        • re: @Brandon
          I'm pretty sure getting in/out of 86th & Keystone will be just as hard! :)
        • Nordie's Update Please
          Yes - please provide a Nordie's update. With Simon Properties HQ right around the corner, this tragic vacancy has gone on far too long!!
        • Circle Centre
          With all the vacancies in Circle Centre, I'm pretty sure Simon doesn't care about the mall anymore and will be selling it soon. Same thing happened with Eastgate, Lafayette & Washington malls. You would think Simon would have more pride in their hometown...
          • Dillard's, please!
            We need a Dillard's department store. We also need a Mimi's Cafe as every other Midwestern city has one.
          • Something Different
            Dillard's is just like Macy's....If something different like Lord and Taylor upscale or Target downscale isn't going in, they need to re-imagine the space as several mini tenent local boutique market place. Think Indy Vintage marketplace, but with more permanent space for the growing downtown residential population
          • Yats
            Kind of bold move by Yats. I mean they have a perfect location right now (best corner in Indy). I really like the fact there is more and more tenants on the other side of Mass (east of College). It will be interesting to see who takes their old spot.
            • Cicrcle Centre
              Maria, Simon does not own Circle Centre, the city does.....Simon only leases the mall.
            • Landlord
              The Landlord forced the Yats move. He wants to start his own business in that location.
              • IKEA
                Indianapolis needs a IKEA
                • Better for Yats
                  The current location of Yat's isn't even large enough for them to have an actual kitchen onsite. They cook the food at another location and drive it in and keep it warm in the back. It sounds like the move for Yat's might be a good thing for them if they will have the space to actually cook everything there.
                • IKEA
                  Bob, if we ever get an Ikea store, you know it will be on the north side of town, not downtown. We really need a second department store at CC.
                • East side
                  We are so sad our Panera Bread is closing on East Wadhington. It is always busy and a needed and wanted upscale addition to this side of town. A petition is circulating to persuade them to stay.
                  • Daydreamed Buying a Franchise
                    SF, I have a few franchises you should look at that perform very well. Reach out to me at Velocity Commercial Real Estate in Fishers.
                  • Closing???
                    Where did you hear that? I really like that Panera... : (
                  • Graeter's
                    Getting Graeter's in our market is scary. My son is addicted to their ice Cream. They will do very well in the market. Personally my waist line hopes they stay away from Carmel
                  • City Barbeque
                    Thought I'd let you know that the City Barbeque Carmel as well as the two other Indy locations in Avon and Greenwood are not franchises. They are company-owned. A fourth location will be at IUPUI (company-owned) by late summer.
                  • Simon malls
                    Maria, Of all the locations you listed, the only one that is Simon-owned is Washington Square. Simon sold Lafayette Square years ago, and I'm not sure if they ever owned Eastgate, but they sure do NOT own it now.

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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.