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Monday, November 26, 2012

Local dining-staple Steaksmith reportedly to close

Posted By on Mon, Nov 26, 2012 at 3:14 PM


Today, the Gazette reported that Steaksmith, the 31-year-old Academy-corridor purveyor of beef and seafood, closed over the weekend and will soon file for bankruptcy.

"The restaurant had employed 27 before the closing but was no longer generating enough income to make payments on $200,000 in loans Hubert said he had taken out to acquire the business in 2008 and keep it operating," writes Wayne Heilman. "He said the restaurant had improved in the past several months after struggling in 2010 and 2011, but not enough to make the loan payments."

Though often mentioned as being popular with locals, the restaurant had an uphill battle with the declining business along Academy, not to mention its dated dining room and expensive food. Our June review of one meal said "the much-lauded restaurant cares" about its patrons' experience, but that our $27 steak "was a delicious pink, until the last brown-and-chewy quarter of it."

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