"Meieran has permanently closed the 48,000-square-foot events center at 648 South Broadway because of vandalism, crime and declining foot traffic in the city's historic core."
"During and after the pandemic, the district has grown more unsafe as office workers and visitors have left downtown. Owners of iconic skyscrapers are defaulting on loans, and buildings are trading for half the price they would have pre-pandemic."
"Clifton's opened and closed during the pandemic, when an increasing number of visitors and workers left the area, leading to a significant decline in business."
Clifton's Republic, the bar and nightclub that replaced the historic Clifton's Cafeteria, has closed permanently due to increasing crime and declining foot traffic. Owner Andrew Meieran sold the building, while still retaining control of the Clifton's name. The downtown area has become less safe since the pandemic, with iconic skyscrapers facing financial difficulties. Originally opened in 1931, Clifton's was once the largest cafeteria in the world, serving thousands daily. Meieran invested heavily in renovations but shifted to a nightclub model in 2018 due to low demand for cafeteria food.
Read at therealdeal.com
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