The closure of small and medium-sized businesses in new York city because of excessive rent can be considered a modern «trend». Next week closes its doors, who has worked for almost 30 years, the Greek restaurant Cup & Saucer, located on the border of the Lower East side and Chinatown (89 Canal Street). Cup & Saucer has been recently included in the review of the city’s best eateries and restaurants in the versions of Grub Street. This place has rightfully could be considered carrying «the spirit of new York», but this story has its end, what is very sad.
As reported by Gothamist, the restaurant will run until the end of the month, but the official farewell dinner is scheduled for July 17.
The owners — John Vasilopoulos and Nick Kastanas took the decision to close the Cup & Saucer after the cost of renting space for them increased to $ 15 000 per month, including taxes.
The rent increase for this area is not surprising, experts say. Wishing to open new upscale establishment in this place in Manhattan abound.
