Cadillac Ranch takes chance on former Music Mill space

May 31, 2011
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The Music MillNorth-siders will finally get a shot at riding a Cadillac Ranch mechanical bull, without driving to Union Station. The restaurant, bar and nightclub chain plans to open a new location in the former Music Mill restaurant and concert venue, at 3720 E. 82nd St.

Cadillac Ranch Group, which also owns downtown's Bartini's, has begun renovating the 15,000-square-foot building. Several owners had tried and failed to keep The Music Mill alive. The unique concept opened in early 2005 in a former Discovery Zone children's amusement center. The venue went out of business twice in 2009, only to reopen with new owners. It shut down for good in December 2010. Locally based Broadbent Co. had listed the building as available for sale or lease, though the subsidiary that owned the building filed for Chapter 11 bankruptcy in 2010.

The corridor has enjoyed a burst of leasing activity lately: The nearby Rivers Edge shopping center is getting a new Nordstrom Rack, Container Store and BuyBuy Baby, along with a new location for restaurant Harry & Izzy’s, and a Florida company is planning an amusement center with a bowling alley, concert hall and restaurant in the former home of the AMC Clearwater movie theater at 82nd Street and Dean Road.

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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