Former Milano Inn Refurbished as LaGrotte Square

Posted: Updated:
The resataurant opened in 1934. The resataurant opened in 1934.

South Bend-based Holladay Properties has renovated the former Milano Inn in Indianapolis and renamed the $4.5M development LaGrotte Square. The name is a tribute to the family who owned and operated several businesses along South College Avenue, including the Milano Inn, for decades.

The iconic restaurant was opened by Mary and Joe Modaffari in 1934, and was saved from destruction by Leo LaGrotte in the early 1980's. The LaGrotte family owned and operated the restaurant, including by his daughters Tina and Gina, till the final day of business on Dec. 31, 2016.  

“Central Indiana has known the Milano Inn for close to a century as a place for friends and family to gather while enjoying delicious food and drink,” said Dan Phair, SVP and Partner at Holladay Properties. “It was important to Holladay Properties to keep that legacy going by preserving the original buildings that made up the Milano Inn and the additions that have grown the building over the years."

Current occupants of the new space include the relocated Holladay Properties Indianapolis headquarters, Barre Code Fitness Studio along with a sushi/ramen bar. One 1,900 square foot retail/office suite remains available.  

Holladay expects to break ground on roughly $100 million of new office and multi-family housing developments in the Indianapolis market this year.

  • Perspectives

    • Mitigating Your Company’s Cybersecurity Risk

      Frequently, I encounter people who think that a software developer understands all languages and can “fix” anything tech related. While that may be true for a few, areas of expertise within tech evolve as rapidly as the technology itself. For instance, there was a time (not long ago) when operating in the cloud was revolutionary. Today, it is considered best practices for some or all of an organization to function within a cloud. Managed information technology began with...



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • (photo courtesy Dax Norton)

      Whitestown Tops Indiana's Fastest-Growing Communities

      The Indiana Business Research Center at the Indiana University Kelley School of Business says Whitestown in Boone County is Indiana's fastest-growing community for the eighth consecutive year. The center says the town's population nearly tripled, from 3,132 in 2010 to 8,627 last year. Westfield in Hamilton County is not far behind. Its population grew 5.2 percent in 2018, according to information reported by the U.S. Census Bureau. Other communities on the list include...

    • The Waterside project aims to transform 100-acres of the former GM Stamping Plant site. (photo courtesy of Ambrose Property Group)

      Ambrose, Glick Partner on Waterside

      Indianapolis-based Ambrose Property Group has announced a key partnership for the redevelopment of the former GM Stamping Plant in downtown Indianapolis. The commercial real estate firm is teaming up with the Gene B. Glick Co. to build and manage apartments as part of the $1.4 billion mixed-use redevelopment project. Ambrose says the partnership is also part of plans to catalyze "philanthropic and community-centric strategies to strengthen Indianapolis." The firm also...

    • Despite Profit Increase, Shoe Carnival Predicts Store Closings

      Evansville-based Shoe Carnival Inc. (Nasdaq: SCVL) is reporting fiscal first quarter net income of $13 million, up from $8.2 million during the same period last year. Despite the increase, the company says it expects to close up to 25 stores throughout the fiscal year while adding three new locations.

    • Carmel Ranked Among Best Places to Live

      Carmel has been chosen as the 3rd best place to live in the U.S. according to MONEY.  The publication only looked at cities with a population of 50,000 or greater, and eliminated any place that had more than double the national crime rate, less than 85-percent of the state's median household income, or lack of ethnic diversity.  MONEY was able to pare the list down to 50 communities after delving into data concerning economic health, public education, cost of...

    • NIBCO is headquartered in Elkhart. (photo courtesy of NIBCO)

      Companies Detail Closures, Layoffs

      Four companies have announced plans to lay off a total of nearly 300 employees. In separate notices filed with the state, the companies say the moves will affect workers in Indianapolis, Fort Wayne, Charlestown and Peru.