Yesterday, a representative for Liquid Gold Hospitality, the company that had been in negotiations to buy Gravitas from original owner, chef Scott Tycer and had also been managing the restaurant since May, told Eater of the recent closing, "As to why the restaurant closed, that is not a question I can answer, because it wasn't under our control."
However, a representative for Scott Tycer's camp sent us the letter given to Gravitas employees to announce the closure, stating that "Liquid Gold Hospitality blatantly violated the terms of our agreement and put Gravitas several months behind on loan payments."
Regrettably, we have to shut down Gravitas Restaurant effective Sunday, January 8, 2012. The closure is driven by the failure of Liquid Gold Hospitality, under the terms of our Operating Agreement with them, to maintain current payments on our bank note. Liquid Gold Hospitality blatantly violated the terms of our agreement and put Gravitas several months behind on loan payments. We have tried to negotiate with the bank, but they are forcing us to close the doors and they are taking our equipment in lieu of payment.
Words cannot express how sorry we are that this had to happen with such short notice. Scott Tycer and Gravitas Management did everything in their power to keep the restaurant open for our loyal customers and keep all of you employed.