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Crimson Lobster is closing its Instances Sq. restaurant after greater than twenty years in one of many world’s busiest vacationer locations.
The restaurant, situated at 5 Instances Sq., is scheduled to shut June 14, ending a high-profile presence the seafood chain has maintained within the coronary heart of Manhattan since 2003.
“Instances Sq. has been an necessary chapter in Crimson Lobster’s historical past, and this was a troublesome determination,” the corporate stated in an announcement.
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Crimson Lobster stated intensive and extended development on the constructing has considerably impacted entry, visibility and foot site visitors on the restaurant. The corporate additionally cited the property’s deliberate conversion to residential use, saying continued operations on the location had been not viable.
The Crimson Lobster restaurant in Instances Sq. is scheduled to shut on June 14. (Craig T Fruchtman/Getty Photos)
“We’re grateful to the workforce members and company who’ve made this restaurant particular over time,” the corporate stated.
The closure comes as Crimson Lobster continues efforts to rebuild the enterprise after rising from Chapter 11 chapter safety in 2024. The seafood chain filed for chapter in Might of that yr after closing dozens of eating places nationwide amid mounting monetary pressures.
The Crimson Lobster restaurant has been situated in Instances Sq. for greater than 20 years. (Alexi Rosenfeld/Getty Photos)
A chapter courtroom later accredited the corporate’s reorganization plan, permitting Crimson Lobster to exit Chapter 11 below new possession backed by Fortress Funding Group. On the time, the corporate stated it will proceed working as an unbiased firm with 544 places throughout 44 states and 4 Canadian provinces.
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As a part of the restructuring, RL Investor Holdings LLC, an entity backed by Fortress Funding Group, acquired the corporate. Damola Adamolekun took over as CEO following the reorganization and has led efforts to revive the long-lasting seafood chain.
Crimson Lobster has not indicated that the Instances Sq. closure is a part of a broader spherical of restaurant shutdowns.
Individuals stroll by means of Instances Sq. in New York Metropolis. (Craig T Fruchtman/Getty Photos)
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The Instances Sq. restaurant has occupied a distinguished nook location at forty first Avenue and Seventh Avenue since 2003, serving vacationers and theatergoers visiting the realm.
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Crimson Lobster stated all affected staff might be supplied the chance to switch to a different firm location and can obtain further pay to assist them by means of the transition.
