Legendary waterfront restaurant in Philadelphia closing after nearly 40 years

One of those restaurants in Philadelphia "that's always been there" won't be around much longer.

And yes, you likely know the eatery as the chain has been around for six decades and there are locations from coast to coast, including Atlantic City, North Jersey, one near Baltimore, and another near Washington, DC.

Before we dive into the details, consider this: according to the National Restaurant Association, only about 20% of restaurants are successful. About 60% fail in their first year and 80% fail within five years.

That's pretty eye-opening — there's a 4-in-5 chance that the hot new restaurant that you just discovered will be gone within a handful of years.

Simply put, between a lack of people who want to work, supply chain issues, and inflation impacting how often people eat out, the restaurant business is not easy, whether it's a fast food place or a high-end establishment.

• READ MORE: Family-operated pizza restaurant in the heart of South Jersey closes for good

And in this case, we are talking about one of those higher-end restaurants.

For 38 years, those looking for a great meal with an even greater view have visited The Chart House at Penn's Landing in Philadelphia. Sadly, it will be closing for good at the end of November.

In a statement to The Philadelphia Inquirer, Landry’s, which owns The Chart House, cited "major construction in the area that has cut off visibility and access for our customers to the restaurant."

That major work is a $300+ million project to cap I-95 near Penn's Landing, which has been underway for years and will take many more.

According to MSN, three dozen people will be affected when the restaurant closes.

Once The Chart House in Philly closes, those seeking delicious steak and seafood dishes can visit the nearest location at Golden Nugget / Farley State Marina in Atlantic City.