You beat me to it. Just came here to post the same thing.
Didn’t last very long, did it? I’m curious what “tweaks to the concept” means. Like is it going to retain the ping-pong bar status or is it completely switching gears? I guess we’ll find out soon unless someone hears something from a little birdie.
Been around a couple of years but I had never heard any good things about it - the food was apparently GOOD, but it came out slow and COLD! Lol - bad/slow service killed them.
FWIW, restaurants continue to close in Miami Beach as well. Most that are closing are perceived as overpriced when compared to the quality of their food and experience. Prices are often blamed on sky high leases in particular, and I do understand that.
While one might expect that you have to jack up menu prices in order to stay in business, the opposite continues to happen. Formerly reasonably priced restaurants have seen their prices grow by 50-100% since the pandemic. This has caused them to lose a lot of regular customers. As they lose customers, they raise the prices again to cover their losses, and the cycle goes on until they are out of business.
However, some restaurants are proving that the model doesn’t have to be that way. One example is a small chain out of CA named The Taco Stand where you can still find high quality casual counter service Mexican food with tacos and burritos in the $4-$13 range. You can get out of there with a meal and drink for under 20 bucks. Guess what? They consistently have a line out the door that continues late into the night. Anecdotally, this tells me that people will go out to eat if they can afford it and the food is good. Conversely, I don’t see lines like I used to at places like FiveGuys and Shake Shack where a meal and drink could cost you well north of 20 bucks. Some other independent casual counter service restaurants in Miami Beach have followed the FiveGuys pricing model and have also seen their business dry up. Sit down restaurants have been hit even harder, and gone are the days when you’d see diners up and down Lincoln Rd (pedestrian mall) filling the hundreds of open air tables from dozens of sit down restaurants along the pedestrian mall.
To piggy back on this, I saw a report earlier this week on CNBC that was talking about how even well established places that didn’t raise prices are seeing more foot traffic. They used Chili’s as an example with their $10.99 3 for me deal which includes a starter, entree, & drink w/ free refills. Compare that to McD’s in which a Big Mac Value meal is pushing $10 & the price seems to keep going up. So on one hand you have Chili’s where you get an actual waiter vs McD’s where you don’t but they are within a $1 of each other…kinda wild if you ask me. I expect McD’s will do some sort of correction with their pricing eventually but it does make you wonder how can Chili’s afford to keep their pricing cheap & McD’s can’t?
It’s the increased sticker prices and the fact that you are now expected to pay a 20%+ tax on nearly every transaction. A few years ago a bar in Raleigh asked me if I’d like to add a tip after swiping my card for their cover charge.
I was wondering if the new owners of Skyhouse were going to try and revamp the ground floor retail. The only thing that seems to have consistently done well there is 42 & Lawrence.
Difficult to invest any money in ground floor UNTIL City finally gets rid of the bus station & eliminates the loitering in Moore Square. You have to have people willing to open businesses & pay rent but until this is resolved its going to be difficult to convince a business to invest real money into opening a bar, restaurant, etc & constantly have to deal with the nonsense coming from Moore Square & the bus station.
don’t ask me why the graph looks like that but 2! 2! 2! grocery stores is actually tragic wtf. 43 beauty salons. 2 places where people can get toilet paper.