The long-rumored, difficult-to-confirm is official now: New York-based Smith & Wollensky is closing its huge Dallas Steak House, incurring $3.2 million in charges in the process. In short: "The Company decided to close S&W Dallas because it was unable to achieve a level of income from operations that was in line with the Company's expectations. The Company has also decided to sell the land and building in which S&W Dallas is located."
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Sources say Several Dallas operators are vying for the spot on the North Dallas Tollway, which has an assessed value of $3.74 million. As they say in the trade, developing. --Mark Stuertz