 In September 2011, Fiala announced he would not renew the Terrace View's lease on the building in Citygarden. After switching to a weekday-lunch-only schedule for the remainder of 2011, the restaurant closed at the end of the year. Fiala attributed the closure to low profitability due to a lack of dinner customers, though he said lunch business was "fine." The restaurant's departure sparked speculation on a possible replacement, including the possibility of St. Louis-born restaurateur Danny Meyer opening a Shake Shack store in Citygarden, but the building remained unoccupied at the beginning of 2012.
