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The founder of Vida, Livery, Bru Burger Bar, Rize and more than a dozen other concepts says Cunningham Restaurant Group could grow from about 40 eateries to as many as 60 in three years.
In the past decade, the area has grown into one of the region’s hot spots, in part because a handful of developers is embracing the area’s industrial roots.
The not-for-profit group that organizes events celebrating the Indy 500 sold its headquarters building in November, in part to tighten its focus on operations and away from property management.
The envelope company has been downsizing and restructuring since it filed for bankruptcy. Pitney Bowes and FedEx also recently announced layoffs.
Plans call for the restaurant and bar to occupy an 8,500-square-foot indoor space at 1351 Roosevelt Ave., with a 6,000 square-foot patio for outdoor dining.