"I wouldn't identify a theme to it, because all the closings happened for completely different reasons," said JDF Realty's Leslie Siben, a prominent restaurant broker.
But many of NYC's major high end restaurants are going bust, including Angelo & Maxie's steakhouse at 233 Park Avenue South and its sister eatery, Maxie's Grill. Already this year, the industry has seen theclosings of Tabla, Matsugen, Japonais, Montenapo, and, most buzzed about, the abrupt shutterings of Convivio and Alto, high-end Italians owned by Chris Cannon.
However, plenty of new restaurants are opening as well. Cushman & Wakefield's Brad Mendelson sees lots of activity in Midtown. But, "It's kind of funny," he said, "We're seeing tenants out of Florida and other parts of the country, not local."Read the full story at the New York Post.