Red Lobster Closes Times Square Flagship Overnight, Employees Left in the Dark – Where's the Common Sense in This Decision? I've been walking by that spot for years, and it's just another example of corporate greed over common sense. They had prime real estate, loyal customers, and now it's shuttered with no warning to the staff who rely on those paychecks. If they can't manage a simple Times Square location, how do they expect to run anything else? Absolute madness.