Around town retail roundup

November 17, 2009
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Several interesting nuggets to report this week:

  • A first-time restaurateur is planning to open a bar and lounge on the first floor of the new 3Mass building downtown. Owner Trevor Belden, a partner at Baker & Daniels, said he's developing a "low-key, comfortable place to grab a drink and a bite and listen to music." He hasn't settled on a name yet. It will feature comfortable chairs but no TVs. The 70-seat establishment, set to open in March, is taking one of three first-floor tenant spaces for 3Mass.
  • Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building. The locally based pizza chain filed plans to take 1,400 square feet in the building at 30 E. Georgia St. Nearby locations include the IUPUI campus and in Broad Ripple.
  • WineTyme, a new local shop selling wines, craft beers and gourmet food, is coming to Fishers. Managing partner Jonathan Sadler plans to open in a 1,700-square-foot building along Olio Road just north of 116th Street.
  • Tony Sacco's Coal Oven Pizza, a Florida favorite, is coming to the Indianapolis area. Local franchisee Pizza Revolution Inc. has filed plans to open the first of two area locations in Carmel's Clay Terrace, near Kona Grill.
  • KeyBank has filed plans to build a new branch to replace a vacant building at the intersection of East 10th Street and Euclid Avenue. The 2,400-square-foot branch will be built across the street from the Linwood Square Shopping Center.
  • Imbibe, a new watering hole in Fountain Square, opened this month on the first floor of the Fountain Square Theatre Building between Shelbi Street Cafe & Bistro and the Smokehouse on Shelby. It will be open Wednesdays through Saturdays and offer an appetizer and late-night menu.
  • Definitions for Her, a homegrown boutique that sells athletic women's appearel, is closing its location in Carmel. "Unfortunately we just have not experienced the traffic we need to stay open," owner Chris Campbell said in an e-mail to customers. A second location, in Nora Plaza, will remain open.
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  • Delaware & Ohio
    So, I was walking to Indiana Members Credit Union downtown and as I turned on to Delaware on the corner used to be a Quizno's. Just one story commercial front. I haven't been by there recently and WOW. There looks to be a grocery or convienent store of some type that has really expanded past the walls of Quiznos and has even created a central staircase to go into the basement for more shopping. The permits say Crown Property Management II, and one of the papers says Crown Liquors.

    It looks too big to just be a typical liquor store, so maybe it will also have groceries in it. Anyone have more information on this property? It's real nice and Urban looking.

    • New Crown Liquor
      Yeah, that's the new flagship Crown Liquor going in downtown. Some pictures of the interior build are up on flickr:

      http://tinyurl.com/ye4hjun
    • Very Cool
      Thanks for posting!
    • Crown Liquors
      Its an (upscale?) liquor store with a wine tasting bar in the basement.
    • WOW
      That store is going to be AWESOME! Should be a nice addition to that part of downtown....
    • Cool.
      Thanks for the post, but those do not do the place justice now. They have all the refrigeration coolers in and all the lights and paneling up. It looks real good. Caught me by surprise.
    • Crown & HotBox
      The new Crown is scheduled to open next week. I am very excited.

      Regarding the new HotBox, it is my understanding that this location will replace their IUPUI location.
    • Crown Liquor
      I know the folks at Wheeler Mission aren't too thrilled about having a liquor store less than a block away, but, well, you can't have everything.
    • Einstein Bagel
      I thought Einstein Bagel was going in at the corner where the liquor store is going to be or at least in that vicinity.
    • Crown Liquor did THAT?
      Thanks to MikeW for the heads up and to CorrND for the link with photos. My office used to be above that space years ago. Can't wait to see it now. Do we know who the architect is? They need some props for the creative design.
    • Crown Wine & Spirits
      I must say I find it quite interesting the location given that the Wheeler Mission is less than a block away. I was hoping we were getting another little restaurant. Ah well...at least there is some development happening, which I guess is a good thing.
    • Houlihan's
      Houlihan's downtown closed and has a sign that says Buffalo Wild Wings coming soon.
      Did they not just build a new location on Washington Street or is the Maryland street location going to be a second location. It seems might close to the other location if so.
    • Buffalo Wings
      Crystal - If I had to guess, I bet it was Buffalo Wings & Rings (out of Cincy) instead of BW's. Someone posted on here a while ago that they were expanding into Indy.
    • Wings
      PatM you are correct it is Wings and Rings that is coming to downtown.
      It is too bad about Houlihan's though since they had revamped the stores elsewhere I thought the downtown location would make it.
    • http://www.iautobodyparts.com/land_rover/
      The Land Rover Bumper vehicles never did give names to their cars, instead consistently using letters and numbers to designate the coupes, sedans and the SUVs. With the Land Rover Bumper Q45 being the flagship sedan, the Land Rover Bumper found its place in the American market.The Land Rover Bumper vehicles never did give names to their cars, instead consistently using letters and numbers to designate the coupes, sedans and the SUVs.

      Thanks

      Infiniti parts

      http://www.iautobodyparts.com/land_rover/



    • Vito's on Pennsylvania
      Just saw the "For Lease" signage on the windows at Vito's on Pennsylvania location.
      When did it close?

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    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

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