Another Greektown Icon, Pegasus, is Closing

Last year it was the Parthenon, now Greektown is saying goodbye to another iconic restaurant. Pegasus Restaurant announced that it’s closing, ending a 27-year run. The restaurant earned a place in many Chicagoans’ hearts.

The restaurant, 130 S. Halsted Street, will close on Saturday after dinner service, reported The Tribune, as the owners want to retire. A Midway Airport location will remain operating, and so will Artopolis Bakery, Cafe and Agora. That’s Pegasus’s sister restaurant located a few blocks south. Pegasus also features a massive rooftop deck with room for 120.

Greektown hovers around the West Loop, and real estate prices have been spiking in part to the success of trendy restaurants along Randolph Street. Earlier this year, the owner of Gyro-Mena closed his Greektown location and said it was more profitable to rent the space rather than operate a restaurant.

While they don’t carry the same storied past as Parthenon, whose owners claimed to have invented flaming saganaki, Pegasus did serve the cheese. And now, after Saturday, there will be one fewer place in Chicago to enjoy the Greek-American item. ‘Tis the season for shutters, and Pegasus closes on Saturday.