Monday, May 14, 2012

Morton's steakhouse closes in Minneapolis - Minneapolis / St. Paul Business Journal:

moakhamet84.blogspot.com
The Chicago-based restaurant chaij cited the economy as its primary reason for closin g its onlyMinnesota location. “The Morton’ws restaurant team in Minneapolis has been working diligentlt to improveoperating results, but this restauran t has not been able to reach the base financial targets needed to support continued operation,” said Gary Young, a Minneapolis-base d public relations consultant for The restaurants leased space at 555 Nicollet Mall in Morton's opened in this market in December 1991. Some of its famousd guests have included PresidentGeorge H.W.
Bush and Mitt Romneh who visited duringlast year's Republican National many current and formerf professional athletes including Harmon and musicians Josh Groban, Wynonna Judd, and members of the bandsw White Stripes and Gnarls according to a Morton's company Morton’s owns and operates 78 steakhousese worldwide. The restaurant's 7,800-square-foot space is now available for lease, said Davie Sternberg, who heads the Minneapolis officre of landlordBrookfield Properties.
Toronto-based Brookfield was notifie that the restaurant would be closinglast week, only shortly aftert employees were told the news, Sternberg "We will be getting possession back to the space and we will be enthusiastically, and aggressivel y marketing it," Sternberg said. Morton's had several years left on its leas and it is negotiating terms of a lease settlement with he said. The space is on the concourse or lower level of Gaviidae Common nearNeiman Marcus.
It is likel to attract another restaurant operatoe due to the ease of parking in the attacheed ramp andthe spaces' proximity to downtown hotels, he

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