The Claddagh Irish Pub & Restaurant has closed its north-side Indianapolis location and the property is expected to go up for sale in the next two weeks.
Sunday was the last day of operations at the restaurant, which opened in 2003 at 3835 E. 96th St. The Claddagh has two other local locations that will remain open: at 234 S. South Meridian St. in downtown Indianapolis and at The Shops at Perry Crossing in Plainfield. The Claddagh entered the Indianapolis market in 2000 with its downtown restaurant.
Area road construction—and a real estate opportunity—were the reasons for the 96th Street location’s closure, said Justin O’Driscoll, director of operations for the Claddagh’s parent company, Solon, Ohio-based CDG Acquisition LLC.
The restaurant property sits just east of the North Keystone Avenue-East 96th Street intersection, where road crews are installing a roundabout. The $28.8 million project also involves the reconstruction of portions of both roads.
“Road work’s taken a huge effect on our business,” O’Driscoll said.
At the same time, O’Driscoll said, CDG has received several offers from parties interested in purchasing the 96th Street property. Since CDG owns the site, it decided the best business decision was to close the restaurant and sell the land. “It’s more about economics than anything,” O’Driscoll said.
The 6,700-square-foot building, which sits on a 2-acre site, will be listed for sale within the next 10 or 12 days, O’Driscoll said, and CBRE will be the broker handling the listing.
At this point, O’Driscoll said, CDG doesn’t have plans to reopen at a new north-side location—but the company’s not ruling it out, either.
About 90 percent of the Claddagh’s north-side Indianapolis employees have already moved to jobs at one of its other two local sites, O’Driscoll said.
In addition to its two local restaurants, the Claddagh has six other locations: Columbus, Ohio; Geneva, Illinois; Lansing and Livonia, Michigan; Maple Grove, Minnesota; and Pittsburgh, Pennsylvania.