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Hard Rock Cafe International Inc. is close to finalizing a deal to hang its signature electric guitar on the Morrison Opera Place building at 47 S. Meridian St.
The theme eatery plans to lease 8,000 square feet on the building's ground floor for a new restaurant, according to sources familiar with the deal. Company officials hope to open the venue in spring 1999.
Hard Rock was attracted to downtown Indianapolis by the higher-than-expected returns of competitor Planet Hollywood, which opened an 11,700-square-foot restaurant at 140 S. Illinois St. in June 1997.
"[Morrison Opera Place] is the only building that really works for them," said a source active in downtown development. "It would take something major for them not...