Title: Longtime Chicago Fine Dining Restaurant, The Signature Room, Abruptly Closes
Subtitle: New Lease Terms and Economic Challenges Force Closure of Iconic Establishment
Date: September 28, 2023
The Signature Room, a renowned fine dining restaurant in Chicago, has closed its doors after 30 years of operation. In a memo to employees, the restaurant management expressed deep sadness and disappointment over the failed negotiations of new lease terms with their landlord, ultimately leading to the closure effective Thursday, September 28, 2023.
Described as an “extremely difficult” and “overwhelming” situation, the closure announcement marks the end of an era for The Signature Room, which has been an iconic dining destination in Chicago. The memo thanked the dedicated staff for their service and acknowledged their role in the restaurant’s success over the past three decades.
The closure notice, posted at the restaurant’s location, attributed the permanent closure to “economic issues.” The COVID-19 pandemic closures had already presented severe financial challenges, compounding the difficulties faced by the restaurant. The closure sign expressed gratitude for the privilege of serving Chicagoans and visitors from around the world. It also mentioned that the economic hardships faced were greater than anticipated.
The announcement of the closure was confirmed by Crain’s Chicago Business, a renowned local publication. NBC Chicago reached out to The Signature Room but was directed to an automated messaging system. The online reservation system on the restaurant’s website was also temporarily unavailable.
The Signature Room, located on the 95th and 96th floors of 875 N. Michigan Avenue, was celebrated for its upscale dining experience and breathtaking city views. With a strict dress code, it quickly became a popular destination for locals and tourists alike since its opening in 1993.
Earlier this year, it was reported by Crain’s that the space housing the restaurant was up for sale. However, it is now clear that the closure is a result of unsuccessful lease negotiations and the long-term impacts of the pandemic on the restaurant industry.
Employees were assured that further information about insurance and personal items left behind would be provided to them. The closure notice was also shared on The Signature Room’s website and Facebook page.
The Signature Room’s closure represents yet another loss for the hospitality industry in Chicago during these challenging times. As the story continues to develop, more information will be shared with the public.