Indianapolis-based developer Midland Atlantic Properties has landed a trifecta of high-profile, fast-casual restaurant tenants for its new retail development in Greenfield at the intersection of I-70 and State Road 9: Chipotle, Panera and Chick-fil-A.
Construction already has begun on the project, to be dubbed The Greenfield Market, with a street address of 2203 N. State St., Midland managing principal Aaron Boyle told IBJ on Monday. The restaurants are expected to open between July and September 2022.
Each restaurant will be a freestanding building with drive-thru or pick-up lane options. Chick-fil-A will anchor the project on the north end of the property with a 4,978-square-foot store. Panera Bread will be opening a 3,500-square-foot cafe, and Chipotle will be located on the south end of the development in a 2,616-square-foot restaurant.
Midland will own all three properties, Boyle said. The restaurants will be run by their respective companies.
The Greenfield Market will be located along the high-traffic State Street (State Road 9) corridor packed with retail options, but it will have high-visibility due to its position fronting a larger complex anchored by a Kohl’s and a Home Depot.
Midland acquired the 3.35-acre property for the development in November from private individuals it declined to name. Boyle also declined to disclose the purchase price for the land and the cost of the project.
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I guess this is good for business, but it sad when landing three large national. and and very generic fast food chains is considered a trifecta.
Yeah 100%, that’s all we have in central Indiana now days.
You don’t get out much, do you Jaron? Even central Indiana suburbs have independent restaurants.
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I agree, that strip on SR9 south of I70 is a chain cluster…but I’d wager for many nearby residents it probably IS a “trifecta”.
I lived in Broad Ripple for 5 years and now Irvington. I’m out everyday. Independent restaurants are few and far between with most of them are on the north side. It’s pretty annoying.
Obviously the pandemic cost us several good independent places (Legend in IRV and Brugge in BR, to name two), but BR still has a dozen or so. Even Mooresville and Greenwood have some good independents despite being overrun by chains.
This is the site of the former El Rodeo Mexican restaurant that burned down in 2012. The building was demolished and the site has been vacant since then. I can’t believe it has taken this long to redevelop this site.