MANHATTAN — Music venue Cake Shop will close its doors following a New Year's Eve event after 11 years on the Lower East Side, according to reports.
The club "has quietly and privately announced that New Year's Eve will be their final night as a music venue," said a post on Brooklyn Vegan, which first reported the news.
An email was sent to supporters of the 152 Ludlow St. club, stating that "location and sustainability in our current and long running model have been an issue for more than a long time," The Lo-Down reported, adding that the email also said, "we are failing to keep up with the bills, we have been for years."
Reports indicate that the venue has plans to relaunch at some point. Meanwhile, a series of farewell concerts is well underway — a listing for a Monday night show on Facebook was titled "End of The Year/Era Rock Show #5." The venue is also promoting a New Year's Eve show.
Earlier this year, brothers and business partners Nick and Andy Bodor told DNAinfo New York they were making some changes to Cake Shop after seeing a dip in business and growing concerns about rent.
"We were really, really on the fence, thinking, 'Can we keep this going another 10 years?'" Nick Bodor said at the time.
Cake Shop did not immediately respond to a request for comment.