Red Lobster's Times Square location, a long-standing presence in one of New York City's busiest districts, will close on June 14, 2026. The closure follows prolonged construction at the building, which significantly reduced foot traffic and visibility. Scaffolding has obscured the restaurant’s signage for months, despite banners assuring customers it remained open.

The company cited the ongoing construction and redevelopment plans as key factors in the decision. The building at 5 Times Square is being converted into a residential tower, part of a broader initiative by New York’s Empire State Development to transform underused office space into hundreds of apartments. This shift reflects a larger trend in urban real estate as cities adapt to post-pandemic work and retail patterns.

Red Lobster emphasized that the decision was difficult, acknowledging the location’s historical significance. Employees have been offered transfer opportunities to other locations and additional pay to support the transition. The closure marks the end of an era for a brand that has served as a familiar dining option for tourists and locals alike in the heart of Manhattan.