After More Than 30 Years, Upscale Steakhouse the Palm Closes on Broad Street

The Philadelphia location of the Palm, the upscale steakhouse in the Bellevue at 200 S. Broad Street, is no longer taking reservations for three-martini lunches. As of today, Tuesday, March 10, the restaurant is permanently closed, Inquirer.com reports. The Palm confirmed the closure.

Part of a steakhouse chain that was family-run for most of its existence, the Palm first opened on Broad Street 31 years ago. All of the locations are known for their walls covered in caricatures of local celebrities. It’s a mover-and-shaker spot, or at least it once was.

In early 2016, the Palm closed for a major renovation, reopening more than a year later with a new layout including a new floor and a raised ceiling.

The chain’s owners, embroiled in a dispute among family members over royalties, filed for bankruptcy in March 2019.

Landry’s, which owns Del Frisco’s and Del Frisco’s Grille, both represented in Philly, along with several other restaurant chains, from Rainforest Cafe to the Rusty Pelican, bought the Palm just a couple weeks ago. According to the restaurant, Landry’s quickly decided not to keep the Philadelphia location open.

• The Palm licensing parent files for Chapter 11 bankruptcy [Restaurant-Hospitality.com]
• The Palm, once Philadelphia’s power-lunch hub, has closed [Inquirer.com]
• 12 Essential Steakhouses in Philly
• The Palm Is Finally Reopening at the Bellevue