Red Lobster to Close Times Square Restaurant on June 14 as Construction Cuts Foot Traffic
Updated
Updated · WABC-TV · May 30
Red Lobster to Close Times Square Restaurant on June 14 as Construction Cuts Foot Traffic
7 articles · Updated · WABC-TV · May 30
June 14 is the final day for Red Lobster's Times Square restaurant, which the company said can no longer operate viably at the site.
Extensive, prolonged construction at the building has hurt access, visibility and customer traffic, and the property is also slated for conversion to residential use.
All employees at the location are being offered transfers to another Red Lobster restaurant, along with additional pay during the transition.
The closure ends a long-running Times Square presence for the chain and underscores how redevelopment and construction can squeeze restaurant economics in high-traffic districts.
Was Red Lobster's fate sealed not by endless shrimp, but by a real estate deal that saddled it with crippling rent?
As iconic chains flee prime urban locations, are America's downtowns being reshaped for residents only, leaving families and tourists behind?