Posh Buckhead center sees first restaurant failure.
Dallas, Texas-based Raised Palate Restaurant Group has shuttered its year old restaurant, American Food + Beverage at The Shops Buckhead Atlanta. The restaurant, which officially closed January 14th, was one of two concepts the company, formerly known as the Consilient Restaurants, opened at the upscale Buckhead project. Sources indicate that AF+B was the slowest of all the TSBA restaurants, likely due at least in part to its location, at the corner of Buckhead Avenue and North Fulton Drive, easily one of the worst in the development.
I ate at the restaurant twice and neither time was the restaurant especially busy nor was the food to the point where I was dying to return.
The restaurant's closure comes on the heels of the group's closing of their original AF+B restaurant in Fort Worth's West 7th District this past September. Following the Buckhead closure, a restaurant representative indicated that the company was "going to concentrate their efforts and geographic focus around their home base of Texas."
Signage on the restaurant's door announcing the closure was rather formal for such a sudden closure, and came from the landlord, OliverMcMillan, rather than the restaurant itself.
I was first made aware of the restaurant's imminent closure in mid December. At that time, it was expected that the restaurant would close at the end of 2015. When the restaurant remained opened into the new year, it seemed that the group had either changed their mind or renegotiated their lease to remain in business.
With the annual cost of a liquor license in the City of Atlanta coming in at $5,000 (plus a few hundred dollars in additional fees), it would seem seriously foolish to re-up for 2016, only to close two weeks into the new year. Perhaps the restaurant was operating without a liquor license for the two weeks of 2016 they were open? (An online service from the City of Atlanta to verify liquor licenses has been down for days)
If they did in fact renew, why not stay open at least through Valentine's Day, a day when even not-so-popular restaurants can do good business.
In related news, the Raised Palate Restaurant Group website is down and has been down since at least last week, hinting at what could be greater issues at the fledgling restaurant group.
Despite widespread speculation that the Shops Buckhead Atlanta project is not doing well, its General Manager Michael Diamantides, sounded rather optimistic when commenting about the closure. “The Shops Buckhead Atlanta has received numerous inquiries about available restaurant space in the project, and we do not anticipate difficulty in re-leasing the space to complement the highly productive, specially curated restaurants on property.”
American Food + Beverage is the first restaurant in The Shops Buckhead Atlanta to close since the development opened in September 2014, but I'm confident it won't be the last, with at least three others likely to close this year. Raised Palate's sibling restaurant, Thirteen Pies, is also among those eateries in the project struggling, and will likely be the next to close, especially as corporate hones their "efforts" and "focus" on Texas. Other likely closure candidates include Doraku and Qing Mu, both owned by Steve Aoki and located on East Paces Ferry Road, along with Georgetown Cupcake, also located on East Paces.
As I've covered previously, out-of-town restaurants, and especially those from Texas, have struggled in their attempts to break into the Atlanta market. Among them, Taco Diner, a concept from Texas-based M Crowd Restaurant Group, scrapped their plans to open (in midtown) altogether following disappointing sales from their existing midtown eatery, Mi Cocina. MAX's Wine Dive closed its midtown restaurant this past September after just over a year in business. The restaurant, part of Houston, Texas-based Lasco Enterprises, was located in the 12th & Midtown project in midtown.
What is your favorite restaurant in The Shops Buckhead Atlanta? Why do you think American Food + Beverage closed? What would you like to see open in its place? Who do you think will be the next retailer or restaurant to close in the project?
Please share your thoughts below.
Editor's Note: I was away on a brief vacation this past week and apologize for the delay of some of my posts. Rest assured I have plenty of news in store for the coming week.