Friday will be the swan song for Paradise Bakery & Café in downtown's Chase Tower.
The popular breakfast-and-lunch spot has been on the first floor of the Chase Tower since 2007. Paradise already had indicated to its landlord that it wouldn't renew its 10-year lease for the 4,700-square-foot space, which expires next year, said Brian Epstein of Urbanspace Commercial Properties, which handles retail leasing for the tower.
Paradise didn't tell building managers that it planned to close the store until Friday, Epstein said.
A Paradise manager told IBJ officials on Friday that company executives didn’t tell workers why the store’s lease was not renewed, but noted the company is owned by St. Louis-based Panera Bread, which has a spot a short walk away at Illinois and Washington streets.
Paradise is in the midst of closing some locations and converting others to Paneras. It closed its location at Carmel's Clay Terrace in late 2014 as the restaurant's lease expired.
The Chase Tower is gearing up for a major revamp as Salesforce prepares to move into about 250,000 square feet of space in the 48-story building. The building will be renamed Salesforce Tower Indianapolis, and the company will begin moving into its new space in 2017.