If you build it, they will come? Not necessarily. The iconic Four Seasons, which for decades was the Go-To spot for powerful people, celebrities, and dignitaries, closed its doors on Tuesday–less than a year after reopening in a new location a few blocks away from the old one. Big name investors including Stephen Schwarzman and Edgar Bronfman Jr. shelled out about $40 million for the reboot, and while the $$$ food was as good as it always had been (if not better), there was just one thing missing: clientele. Some restaurant professionals are convinced it’s because the white-tablecloth, prim-and-proper model is out of favor these days, and that the whole idea of the “power lunch,” a concept closely associated w/the Four Seasons, has lost its meaning in an era where even high-powered professionals eat at their desks. Others blame the bad press the restaurant received in connection to Julian Niccolini, one of the restaurant’s longtime managing partners, who faced allegations of sexual abuse. Regardless, as the establishment struggled to fill seats, investors grew impatient and pulled the plug, ending the restaurant’s 60-year run.

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