The group behind some of the city’s hottest eateries of the last decade plans to open a “coastal Italian” concept in the space that Cerulean is vacating at the end of the month.
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
The owner announced on Friday that the Asian-inspired fine-dining establishment will stop serving on Dec. 31, after a five-year run in the CityWay development.
The local hotelier is tweaking the design of the project, which will feature two major lodging brands and incorporate a historic African-American church.
Ironworks Hotel Indy will feature 15,000 square feet of street-level retail space, including Blue Sushi Sake Grill, Massage Heights and Cunningham Restaurant Group’s Rize. Cunningham also will operate Provision in second-floor retail space.
Sun Development & Management Corp. has three downtown hotel projects in its pipeline but says one needs $3 million to $4 million in city assistance to go forward.
Carmel officials soon hope to unveil specifics for a ritzy Autograph Collection by Marriott hotel that would have 100 to 120 rooms and a unique name, design and theme.
