AUSTIN — Threadgill’s World Headquarters, a landmark Austin restaurant, will close its location on Riverside Drive in November, owner Eddie Wilson told KVUE.

"There's not enough margin in meatloaf and chicken fried steak for me to pay the property taxes on this location," Wilson said. "Since I had Armadillo World Headquarters right next door and its demise is very similar to this, someone suggested the other day that I just got a real expensive taste in locations."

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Wilson said he was paying $40,000 a month in rent.

Threadgill's is known for its Southern homestyle cooking.

Wilson said the original Threadgill’s location on North Lamar Boulevard will remain open. The Riverside location will be open until the last day of November, Wilson said.