By Chloe Founder’s Bid to Make the By Chloe of Pasta Shutters

By Chloe Founder’s Bid to Make the By Chloe of Pasta Shutters

EB-5 Visa, EB5 Visa, EB5 Investments

The Sosta in Nolita has closed

Mikey Pozarik for The Sosta

Hospitality giant ESquared’s dip into the fast-casual Italian market was short-lived. The Sosta, an Instagram-y pasta restaurant backed by same company that founded vegan hit By Chloe, has closed just over a year after opening.

The Nolita restaurant swung open with pastas, focaccia sandwiches, and antipasto boards at 186 Mott St., between Broome and Kenmare Streets, in July 2017. It closed on November 21, and brown paper now covers the restaurant’s windows, Bowery Boogie reports.

ESquared says in a statement to Eater that it chose to close the restaurant after “thoughtful consideration.” The company did not give further reason for the shutter.

When it opened, the Sosta had five pasta options that were made each morning, including spaghetti pomodoro and a campanelle pesto. Each could be replaced with zucchini noodles or a gluten-free option. The restaurant was obviously geared toward a fashion crowd, with variations of millennial pink accenting the 60-seat space. In August of last year, the restaurant lost its founding chef Ali LaRaia, who left for northern California. ESquared creative director Samantha Wasser, who was a co-founder of By Chloe with ousted chef Chloe Coscarelli, remained.

As of now, there are no plans to relocate the restaurant, the Sosta team tells Eater. ESquared still operates vibey fast-casual restaurants like the rapidly expanding By Chloe and Dez, a Middle Eastern spot serving Moroccan lamb meatballs and pitas that the company opened last May. The company is also behind spots like the Wayfarer, the Florentine, and BLT Prime, though the only NYC location of the latter shuttered in December.

The fast-casual pasta market is one that restaurateurs have struggled to make happen. Fine dining chefs like Mark Ladner have made worthy attempts that too have closed. Pasta Flyer, which the ex-Del Posto chef opened just over a year ago, is set to close early this year despite the praise it received from critics, though the chef says he plans to reopen it elsewhere.


https://ny.eater.com/2019/1/4/18168349/the-sosta-esquared-by-chloe-closes

Mentions

States

  • New York


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.