Salvatore’s decade-old Seaport District location (225 Northern Ave., Boston) has served its last plate of pasta, as Boston Restaurant Talk reported last week and Seaport Living confirmed in a Facebook post. The Italian restaurant’s suburban locations — including Andover, Lawrence, and Medford — will remain open, along with one in Boston’s Theater District.
A Facebook post from the restaurant indicated that the closure follows “many months of diligently working on renewing [the] lease.”
According to a blog post by Boston real estate broker Allen Garzone, Salvatore’s decision to close was dictated by the Seaport’s astronomical rents. Garzone wrote:
It was here at the start … it weathered the storms (literally) .. but now we must say goodbye to Salvatore’s.
Why, you ask ask? Well, for a business to make it in the Seaport, it needs to gross $200k/month just to cover rent apparently – $40k. You heard that right. Forty thousand dollars per month. Are the owners irrationally exuberant in this booming market? Perhaps … but, small price to pay to be in the center of the hub’s universe.
That’s a lot of pasta. Then again, it’s not exactly a secret that the Seaport is becoming a rich person’s playground (and is at the forefront of gentrification and segregation in Boston).
Nearby, La Casa de Pedro, which opened in late 2016, is also apparently on the way out: Per the Boston Business Journal, the Seaport location of the Watertown-based restaurant will be sold as part of a Chapter 11 bankruptcy filing.
Correction, April 30, 2018: An earlier version of this story said that Sal Lupoli owned Salvatore’s. Lupoli was the original owner of the restaurants, but he sold them in 2015.