Another restaurant has fallen to the Mid-Market curse. After just nine months in business, Volta, the Scandinavian restaurant from the Perbacco team, has closed. Inside Scoop reports that partners Umberto Gibin and Staffan Terje saw a significant drop (70 percent) in sales over the summer that they just could not overcome, despite the well-received food and stunning space.
Early September brought a hint of closure when the restaurant discontinued lunch, and when landlord Westfield San Francisco Centre declined to help, the team decided to shutter despite promises of more investment from partners. In a note on Facebook, Gibin and Terje blame the “still-evolving urban location” — AKA Mid-Market — as insurmountable.