Who wants a piece?

January 15, 2008
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Grand Traverse Pie Co.A Michigan-based bakery and cafe concept plans to open as many as six new restaurants in Indianapolis, beginning with a location at U.S. 31 and Stop 11 Road. Grand Traverse Pie Company has 12 locations in Michigan and one in Indiana, in Terre Haute. The company also is scouting out new sites in Carmel, Fishers and Avon and plans to open soon in Evansville, said Steve Huddleston, the area director for Indiana. The location on the south side of Indianapolis is slated to open in late spring. The restaurants serve sandwiches, salads and more than 30 varieties of pie, including six types of cherry and five types of apple. Anyone tried them?
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  • They had a location on Rangeline Road in Carmel a while back. It lasted less than a year.
  • A quick search shows an article from the IBJ in 2002 about the Carmel store.

    A pie in the eye from Michigan. (Circle City Spectator).(Grand Traverse Pie Co. store opens in Carmel)(Brief Article)
    Publication Date: 09-SEP-02
    Publication Title: Indianapolis Business Journal
    Format: Online - approximately 259 words
    Company: Grand Traverse Pie Co.
    Author: Maurer, Katie ; Olson, Scott
  • I've been several times in Flint, Michigan and really enjoy the food and desserts; the menu is very much Michigan-inspired at that location. Hope that the franchise does well here!
  • I too recall the Rangeline Rd store in Carmel. I liked their pies a lot. Even for $10 a pie - although you got a dollar back when you retuned the pie pan. I always wondered why they closed. I figure it was the location. It's kind of a tough little strip center to get in and out of. I hope if they're coming back to Carmel that they locate in the old town area (OK, we'll call it the Arts & Design district, Mr. Brainard...). There's getting to be a critical mass down there with the butcher shop, Bazbeaux's, Bub's, etc. It would be a great place for a slice of pie!
  • I'm from Michigan originally and think these stores will do VERY well here. I don't believe the store in Carmel was the same chain (I could be wrong) but this is a small Michigan based company that has been in business for a LONG time. They have several breakfast quiches on their menu, wonderful cookies, and you won't even believe how good their pies are! Every year, I get one of their crumb top cherry pies for my birthday and savor every bite. Yes, it is a very regional type menu, but Michigan cherries are something that everyone can enjoy...even folks down here in Indiana.

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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