Overview
- Red Lobster announced Saturday that its Times Square restaurant will permanently close on Sunday, June 14, 2026.
- The company said prolonged construction at 5 Times Square reduced access, visibility and foot traffic and that the building’s planned conversion to residential use undermined the site’s viability.
- All team members at the Times Square location are being offered transfers to other Red Lobster restaurants and additional pay to ease the transition.
- The shutdown ends a 23-year run at the corner of 41st Street and Seventh Avenue and eliminates Red Lobster’s only remaining New York City location.
- The closure is part of a wider post‑bankruptcy restructuring that has seen the chain close more than 100 locations since 2024 as it works to cut costs and reshape operations.