Roundup: New taqueria to replace Plow & Anchor downtown
The owners of the former Plow & Anchor restaurant, which closed Jan. 2, hope to have the Mexican eatery open within the next month.
The owners of the former Plow & Anchor restaurant, which closed Jan. 2, hope to have the Mexican eatery open within the next month.
Trade publication Restaurant Business reported this month that Palomino owner Restaurants Unlimited has hired bankers to find a buyer for the company before its debt becomes due next month.
A host of big-name restaurants has closed downtown over the past year amid financial struggles and disappointing sales.
IBJ real estate reporter Mickey Shuey describes the downtown restaurant scene, with details about what’s closing, what’s opening and what’s coming in the future. Plus, find out where you’re likely to spy some IBJ reporters the next time you’re out for lunch.
It will be the third Indiana location for Fort Wayne-based Eddie Merlot’s, which plans to take over space in one of downtown’s oldest buildings vacated last year by Red the Steakhouse.
When Scotty’s filed for Chapter 11 bankruptcy protection in December 2018, it had 19 locations, including seven Indianapolis-area Scotty’s Brewhouses and a Thr3e Wise Men Brewing Co. in Broad Ripple. By the middle of this year, most of those had closed, including all the Indianapolis-area sites.
A New York City-based restaurant and candy store chain known for its extravagant desserts, colorful decor and celebrity following is planning to open a location in downtown Indianapolis later this year.
Property management firm JLL sent a letter, dated April 21, to tenants to inform them that it had taken over mall management and said it is in the process of hiring a general manager for the property.
Eddie Merlot’s, an upscale steakhouse chain based in Fort Wayne, had signed a lease to move into the restaurant space in 2019, but those plans were ultimately derailed by the pandemic.
Candy, milkshakes and smoking goblet cocktails of Sugar Factory will arrive at former site of Palomino restaurant on April 1.
Town of Speedway leaders are pumping the brakes on a proposed $2.5 million loan to help pay for the long-delayed Wilshaw hotel project after learning that one of the companies involved wasn’t forthcoming about federal fines for past business dealings.
Town of Speedway officials and residents on Monday night learned a development firm involved in its long-delayed $36 million Wilshaw hotel project purposely withheld details of a settlement reached last year with federal securities regulators.
New York City-based Sugar Factory opened in April 2022, replacing the Palomino restaurant that had occupied the space for 23 years. An eviction hearing is set for May 1.