Famed NYC Steakhouse Delmonico Reopening This Fall – Commercial Observer

Legendary New York steakhouse after being closed for almost three years Delmonicos opens again Biberstr. 56 After an eviction dispute with the landlord and a legal dispute over his ownership, it has been under new management since this fall.

Delmonico’s restaurant group‘s Dennis Turcinovic and Joseph Likul signed a new 15-year lease late last month to hold the 14,393-square-foot space on the ground and lower levels of the time stocks-Own building, according to a spokesman for Delmonico.

The asking rent was $150 per square foot for the 7,575-square-foot retail space on the ground floor, he said Scott Schneidmanwho represented the landlord in the house Scott Klatsky. the New York Times first reported the news.

Delmonico’s didn’t have an agent in the business, Schneidman said.

The 186 year old site in the Financial District – known as the site of the city first upscale restaurant – 2020 temporarily closed at the beginning of the pandemic but remained closed due to legal disputes between its partners and the landlord.

Brothers and longtime operators Ferdo and Omer Grgurev sued their partners, Milan Licul and Branko Turcinovic, in 2019 to take full control of the restaurant.

After the case was won in 2021, The Grgurevs planned to reopen Delmonico’s that year however, could not because they had a separate, pending lawsuit with Time Equities for $300,000 in unpaid rent. The Grgurevs claimed they withheld rent payments because Time Equities failed to repair Hurricane damage to buildingreported Esser New York.

The Grgurevs eventually lost the space in late 2022 after their lease expired, allowing Joseph Licul and Dennis Turcinovic to take control of Delmonico’s and sign a lease with Time Equities.

Licul and Turcinovic plan to refurbish its 500-seat dining room to give it a new, “modern” look, according to Delmonico’s. And while it plans to serve a new menu, its iconic steaks aren’t going anywhere.

“The original Delmonico’s Restaurant has been serving New Yorkers and visitors from far and wide since it opened its doors in 1837, and we plan to bring this historic culinary landmark back as it once was,” Turcinovic said in a statement.

The Grgurevs are still facing a court case over $400,000 in arrears this year According to court documents, Time Equities owes claims to the property.

Schneidman declined to comment on the ongoing litigation, but said Time Equities has repaired hurricane damage to the building. Lawyers for Omer Grgurev and the Grgurevs’ law firm, which ran Delmonico’s, Ocinomled Ltd., did not immediately respond to requests for comment.

Celia Young can be reached at [email protected].