Boston Adds 2 Dozen Steakhouses as Wealthy Diners Fuel Luxury Dining Boom
Updated
Updated · The Boston Globe · Jun 22
Boston Adds 2 Dozen Steakhouses as Wealthy Diners Fuel Luxury Dining Boom
2 articles · Updated · The Boston Globe · Jun 22
Summary
More than two dozen steakhouses now operate in Boston, with Hawksmoor set to open a 200-seat outpost this fall and Bar 23 also on the way.
Boston operators say post-pandemic diners have grown more risk-averse, favoring dependable premium meals over experimentation; Grill 23’s owner said his restaurants posted record sales last year, with Grill 23 well above 2019.
Investors and developers are helping finance the expansion because steakhouses offer high check averages and scalable economics, though costs are rising—median Boston steak prices were up more than 8% in May from a year earlier.
Boston’s wealth base is widening: 17 municipalities now report median family income above $250,000, up from eight five years ago, supporting demand for status-driven dining even as some operators warn the market may be nearing saturation.