Delmonico's Steakhouse Eyes 2027 Midtown Expansion With New Chef

The Beaver Street location that gave America eggs Benedict and baked Alaska has run out of room. The Financial District location has been running overcapacity, doing heavy private dining volume, and owner Dennis Turcinovic saw a clear opportunity to bring the concept north to Midtown, where more of the restaurant's corporate client base is based.

Delmonico's Hospitality Group has signed a long-term lease for 11,735 square feet at the base of 1330 Avenue of the Americas, a 40-story office tower jointly owned by Nassimi Realty, Creed Equities, Hakimian Capital and CH Hakimi. The restaurant is planning to open in the fall of 2027. The space sits just down the street from MoMA.

Turcinovic was direct about why the second location made sense. "We've been so busy downtown, and a lot of our client base comes from midtown," he said. "With all the corporate events we've been doing, we pretty much can't handle the business, so we thought the smartest thing we could do was install a second location in midtown."

To lead the kitchen, Delmonico's has hired Adam Plitt as executive chef. Plitt is a former chef de cuisine from Le Bernardin who later served as director of operations for Ripert Consulting, working with Ritz-Carlton properties before becoming executive chef of Morris County Golf Club. Plitt is known for his time at the Michelin three-star French restaurant, where he worked as executive sous chef and chef de cuisine for 12 years. For the back-of-house crews who will eventually staff the Midtown kitchen, that pedigree signals a serious fine-dining operation, with the brigade structure and service standards that come with it.

Plitt has indicated the Midtown location will introduce a more modern approach while preserving the brand's identity, including an expanded seafood selection alongside its signature steaks. The broader menu, however, remains unsettled. Details on the upcoming Midtown version of Delmonico's, which will be about 11,000 square feet, have yet to be decided. What is certain is the orientation: whatever the final lineup, Turcinovic has said the menu will be "steak driven." Design firm Glen & Co. will handle the interior.

Delmonico's was founded in 1827 by Swiss-Italian immigrants Giovanni and Pietro Delmonico as a pastry shop, expanding into a fine dining establishment in 1837 and settling into its iconic triangular space on 56 Beaver St. Over nearly 200 years, the restaurant innovated dishes like eggs Benedict, baked Alaska, lobster Newburg and Chicken a la Keene, items still offered on Delmonico's menu and on menus around the world. Charles Ranhofer, named chef de cuisine in 1862, is credited with developing those classic dishes.

The expansion comes despite rising beef costs driven by shrinking cattle supplies and tariffs, pressures that have forced many restaurants to raise prices nationwide. Still, the category is moving in Delmonico's direction: steakhouse sales in the U.S. grew more than 5% last year, outpacing most full-service restaurant categories, according to Technomic.

The tower at 1330 Avenue of the Americas has been repositioned in recent years to draw corporate tenants and amenity-focused users, with marketing materials spotlighting an amenity suite called "Club 1330" that includes conference facilities, lounges and a café, a package that lines up with a large restaurant tenant geared toward business dinners and corporate entertaining. Newmark brokered both sides of the deal.

Turcinovic acquired the Beaver Street location in 2023 and has since added sister brand Tucci NYC and the Boogie Lab Bakery & Bistro to the group's portfolio. The Midtown Delmonico's will expand that portfolio into territory where, according to Turcinovic, the customer has always been, just without a convenient place to sit down.