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The New York food world is reeling this morning from the news that Union Square Café, Danny Meyer's pioneering and perennially popular Manhattan restaurant, will close at the end of 2015 after nearly three decades in business. The New York Times has the scoop. The reason: (what else?) an astronomical rent increase. When it first opened in 1985, the annual rent was close to $48,000, the Times reports; Meyer's landlord is now asking for a whopping $650,000 annually.

For posterity's sake, here's a video of former chef and partner Michael Romano talking about the original concept for the place and its signature filet mignon of tuna and as a parting gift, their famous recipe for fried chicken.

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