Steak n Shake's downtown headquarters is getting new signage. Workers today were installing signs on the southeast facade
of the Century Building at Maryland and Pennsylvania streets. The publicly traded parent company of Steak n Shake restaurants
plans to change its name to Biglari Holdings and move its headquarters to Texas, but the company's Steak n Shake restaurant
division will remain in Indianapolis. Thoughts on the signs?
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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.
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It's also across the street from Fogo de Chao and Morton's....
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Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
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David Copperfield! I remember watching his specials on TV when I was little.
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Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
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Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.
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As for why they are just now putting a sign up, probably because of people like me who have sent nasty letters to them stating that since they are moving their headquarters out of my city then I will never eat there again. So they want to make the statement that "our Steak 'n Shake divisional headquarters are still here."
In any event, a better reason to stop eating at Steak N' Shake (and all other fast-food joints) is that they serve grease laden, high-salt, preservative-filled, high sugar food which is extremely unhealthy to consume. Yes, an occasional indulgence now and then is fine, but it is not the sort of food anyone should be eating on a regular basis.
Actually, Indy is one of Steak n Shake's biggest markets since they aren't a nationwide chain. I believe Indy and St. Louis are their two biggest markets or are very close to being the two biggest. This isn't McDonald's where the Indy market would be very small vs. their corporation's footprint. Steak n Shake only has 475 restaurants with 60 of those in Indiana (over 12%) and about 35 of those being in the Indy area. Indiana and Indianapolis are HUGE markets for Steak n Shake.
Not saying that will change their headquarters move or means they should keep it here but they definitely can't afford to do anything that would kill their central Indiana sales.
I made that mistake once at the California Pizza Kitchen Corporate offices.
That kind of in-depth reporting is all too rare in this market; and it's not something done by simply making a few phone calls and punching up 300 words.
I'd much rather he work on something important like that then where the next Applebee's is opening.
Just sayin...
Greg - You should have seen the look the security guard gave me at Eli Lilly when I pulled out my insurance card and told him I was picking up my prescription.