Restaurant closures signal shifting market

A rush of high-profile restaurant closings uptown is a sign of a shifting market in center city. But restaurant owners in interviews over the past two weeks offered CBJ a key note of perspective: The market is always shifting.

Closings are inevitable, they say. Longtime favorites shutter as owners retire. Leases are not renewed in favor of smaller — and more affordable — footprints. Landlords seek out new tenants to drive traffic. And some recently opened ventures falter after never gaining their footing.

“When you’re uptown, you just kind of roll with it,” says High Tide Hospitality’s Paul Manley, which operates Sea Level in Truist Center. “It comes with the territory and not everything is in your control.”…

Story continues

TRENDING NOW

LATEST LOCAL NEWS