Home / Business and Economy / NY Culinary Icon Craft Shuts Down
NY Culinary Icon Craft Shuts Down
4 Jun
Summary
- Craft, a New York restaurant, is closing on June 27.
- Rising operational costs significantly impacted the restaurant's viability.
- The eatery was celebrated for its role in New American and farm-to-table cuisine.
Craft, a New York City restaurant celebrated for its pioneering role in New American and farm-to-table cuisine, is set to close on June 27. Chef Tom Colicchio announced the impending closure on Instagram, describing Craft as a "radical experiment that worked" and a restaurant that married "daring austerity with communal warmth."
The restaurant was instrumental in elevating farm-to-table concepts, focusing on high-quality ingredients and straightforward cooking, earning it a spot among the Greatest Restaurants of the 21st Century. However, Colicchio noted that the restaurant's high operational standards, including expensive sourcing and a prime lease in a sought-after neighborhood, became financially unsustainable over its 25-year run.
Colicchio's announcement follows similar fiscal pressures that led to the closure of CraftBar, his more casual establishment, in 2017. The article highlights that increased costs for food, labor, utilities, and insurance, as exemplified by Greenwich Village's Loring Place, are posing significant challenges to many restaurants in New York City.
