Palomino Closed Permanently in San Francisco
The Embarcadero staple for almost 20 years has officially closed, permanently. A source close the restaurant told www.brokeassstuart.com, “Palominos went from making $4.5 million annually to maybe scraping $2 million this year. They have been at that location for close to 20 years, and the landlord is unwilling to work with the company in any way, in order to save the business. Palamino’s lease was up and the landlord wanted to double the rent.”
The Palomino’s SF website confirmed the news, and wrote this goodbye on their site today:
“We’re sorry to announce Palomino San Francisco is permanently closed. We are thankful to have hosted so many of your celebrations and to have been a part of this wonderful community.” – palomino.com
This most recent closure comes on the heels of a slew of long-standing restaurant closures in the area of Giant’s Stadium, including Amici’s Pizza (2004-2019), Pete’s Tavern (2007-2019 & Pedro’s Cantina 2010-2019) all closed on King St. in September 2019. All venues blamed rent hikes and poor attendance levels to Giants games as reasons for shutting down. The opening of the new Chase Center in the area has caused real estate prices to sky rocket, more closures can be expected.