In just 24 hours, two downtown businesses announced they're closing up shop.

On Wednesday, Porkers Barbecue told customers they're closing this Friday.

READ MORE | Porkers BBQ closing for good this Friday

On Thursday, Henpecked Chicken locked its doors and posted a sign on its doors notifying customers of its closing. 

The restaurant officially opened on Market Street in May. 

Channel 3 has tried to contacting restaurant owners several times Thursday, but did not hear back. Our news partners at Times Free Press talked with a spokesperson with says they had great employees and staff, but there wasn't enough business. 

The fast, casual chicken spot formerly housed the restaurant, Noodles and Company. Like Henpecked Chicken, Noodles and Company officials said the location was not profitable. 

President and CEO of River City Company, Kim White says that's not the case. The private non-profit works in partnership with local government, the private sector, and the philanthropic sector to support Downtown Chattanooga. 

"It's just a life-cycle and sometimes concepts just stick and sometimes they don't, and I think you're going to see that in any city you go to," said White. 

A total of five downtown businesses have closed within the past year, including Porkers, whose owner said he couldn't afford to keep the doors open. 

White says the city's lease rates are competitive with other nearby cities. With investments totaling a billion dollars brewing downtown, she says many people want to do business in Chattanooga. 

"It's a great time to be here we have a lot of new restaurants that are coming here because of all the new developments. We are very fortunate that our city has a wide range of things from tourism, to now residential, to the business community that's housed right downtown; so the businesses there," said White. 

But there is another problem residents and business owners agree on. They say limited and expensive parking is an issue. White says River City is conducting a parking study right now. Those results will be released this fall.

"When you have a bustling city there's always going to be a struggle with some parking," said White. "we are looking at how we can have more way finding we have a lot of parking garages that people don't even realize our public parking so I think that we can do a better job as a city in order to do that." 

It's not clear what business will move into Henpecked Chicken's location. The owners spent $500,000 to build up the space.