{"id":122716,"date":"2026-01-14T11:25:09","date_gmt":"2026-01-14T11:25:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/122716\/"},"modified":"2026-01-14T11:25:09","modified_gmt":"2026-01-14T11:25:09","slug":"with-the-national-building-headed-to-foreclosure-will-its-six-dallas-restaurants-close","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/122716\/","title":{"rendered":"With The National building headed to foreclosure, will its six Dallas restaurants close?"},"content":{"rendered":"

A 52-story tower in downtown Dallas called The National is headed to foreclosure<\/a>. What\u2019s to come of the six restaurants in the historic, renovated building?<\/p>\n

According to The National developer Shawn Todd, whose firm invested $460 million<\/a> to renovate the former First National Bank Tower, the restaurants within The National will remain open.<\/p>\n

Reasons for the foreclosure include a decrease in downtown Dallas property values and higher interest rates, he told Dallas Morning News business reporter Nick Wooten.<\/p>\n

Todd told The News he owes about $230 million to Starwood Capital Group. The foreclosure will mark the first year Todd Interests has lost money in its 35-year history in Dallas, Todd said.<\/p>\n

Restaurant News<\/p>\n

Get the scoop on the latest openings, closings, and where and what to eat and drink.<\/p>\n

By signing up, you agree to our\u00a0Terms of Service<\/a>\u00a0and\u00a0Privacy Policy.<\/a><\/p>\n

Related<\/p>\n

\"The<\/p>\n

In foreclosure, the lender is expected to take the property. <\/p>\n

More about The National\u2019s 6 restaurants<\/p>\n

The 1.5 million-square-foot building is anchored by Monarch, an Italian steakhouse and seafood restaurant on the 49th floor that boasts some of the best restaurant views of Dallas<\/a>. Monarch is operated by Maple Hospitality Group, which owns Michelin-Recommended restaurant Maple & Ash in Chicago.<\/p>\n

Related<\/p>\n

\"Monarch,<\/p>\n

Chef-managing partner Danny Grant and his team run a second restaurant in Dallas\u2019 The National building. Kessaku is a Japanese restaurant<\/a> on the 50th floor that has panoramic views of Dallas.<\/p>\n

\u201cThere is no impact to day-to-day operations, and our team remains committed to delivering the elevated dining experience our guests have come to expect,\u201d Maple Hospitality managing partners Grant and Jim Lasky wrote in a statement following the foreclosure announcement. <\/p>\n

\u201cAs we mark five years in Dallas, our commitment to the community remains steadfast.\u201d<\/p>\n

Monarch and Kessaku are the most upscale restaurants in The National. <\/p>\n

\"Little<\/p>\n

Little Daisy, a restaurant tucked inside The National, serves breakfast, lunch and dinner in downtown Dallas.<\/p>\n

Allison Slomowitz \/ Special Contributor<\/p>\n

Also remaining open, Todd said, are two restaurants embedded within the tower: French-American bistro Little Daisy, on The National\u2019s ninth floor, and cocktail bar and small-bites restaurant Catbird, on the tenth.<\/p>\n

On The National\u2019s ground floor, its two quick-service restaurants are White Rhino Coffee and Chick-fil-A. Those, too, are leased from The National and are expected to stay, Todd said. <\/p>\n

The National is at 1401 Elm St., Dallas. <\/p>\n","protected":false},"excerpt":{"rendered":"A 52-story tower in downtown Dallas called The National is headed to foreclosure. What\u2019s to come of the…\n","protected":false},"author":2,"featured_media":122717,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[6880,5461,13984,102,104,103,109,918,18279,5468,16044,111,1623,354],"class_list":["post-122716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-banking","tag-bars-and-cocktails","tag-coffee-shop","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-downtown-dallas","tag-economy","tag-french-food","tag-italian-food","tag-japanese-food","tag-real-estate","tag-restaurant-news","tag-restaurants"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/122716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=122716"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/122716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/122717"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=122716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=122716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=122716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}