5 Restaurants & Bars closed down in Lan Kwai Fong in 3 months. Lily & Bloom in LKF Tower is closing soon. What’s the next scene in Lan Kwai Fong?
Lan Kwai Fong is a destination of vibrant night life in Hong Kong. But its glamour has started to fade away when more restaurants and bars closed down in the area.
Restaurant closure is not only happened in Lan Kwai Fong, but also in other districts of Hong Kong. But when restaurants and bars with celebrity chefs or brands closed down, it have drawn more attention from the public.
Lacrucci has witnessed that 5 restaurants & bars in Lan Kwai Fong closed down in 3 months. It’s a challenge to all tenants and landlords there. Let’s see what’s happened.
JinJun Restaurant closed down in Lan Kwai Fong HK
Commercial rentals in Hong Kong are incredibly high, especially for popular dining and entertainment area in Lan Kwai Fong Central. It has driven some restaurants to close down due to the high rental outgoings.
Shop rental for street level space in Lan Kwai Fong can go over HK$100-150 per sq. ft. Restaurants and bars have no choice but go for upstairs F&B shop spaces in Central. Most of the upstairs spaces in Lan Kwai Fong are occupied by restaurants and bars.
JinJun was a modern Korean restaurant and bar in California Tower of Lan Kwai Fong with celebrity chef, Judy Joo, as the owner. It’s a joint venture with Lan Kwai Fong Group.
Hearsay that JinJun was hard to have its revenue to cover its cost, especially its huge rental expense which has reached around HK$1M per month.
Bread Street by Gordon Ramsay closed down in Lan Kwai Fong HK
Lacrucci has witnessed a number of new restaurants & bars setting up in Lan Kwai Fong, then the restaurants closed down after one lease term.
Bread Street Kitchen & Bar is a famous brand by renowned chef Gordon Ramsay. It’s a joint venture with Dining Concepts.
Bread Street took up an upper ground floor space in LKF Tower at around 6,300 sq. ft. It was once a popular spot to dine and drink in Lan Kwai Fong. But its business did not sound to be doing well for a while.
The restaurant was just closed down and is now under reinstatement.
Keg, Stormies and Schnurrbart – 3 more restaurants & bars closed down in LKF
Keg and Stormies in Lan Kwai Fong under Cafe Deco Group were also closed down this month. As Lacrucci knows, Keg was closed after natural lease expiry, whereas Stormies will be renamed to be a new bar concept by a joint-venture company.
Schnurrbart was one of the oldest restaurants & bars in Lan Kwai Fong. It was closed down in July. It’s a shame for a long-established German dining icon in Lan Kwai Fong to vanish.
Changing Restaurant & Bar Scene in Lan Kwai Fong HK
While traditional restaurants and bars are closing down in Lan Kwai Fong, Lacrucci has witnessed another interesting scene happened in the area.
Chinese dim-sum restaurants and noodle shops are taking up the vacant shop spaces in Lan Kwai Fong.
Tong Kee Bao Dim, a dim-sum takeaway shop, and Ding Dim, a dim-sum restaurant, set up their outlets in D’Aguilar Street and Wyndham Street in and around Lan Kwai Fong Hong Kong.
Perhaps there are less and less suit people spending in Lan Kwai Fong. Or the food and beverage operators are tuning to sell the cuisines which will meet the market in the area.
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