Monday, September 22, 2014
Inquirer Daily News

The Philly guys remaking N.Y.'s Tavern on the Green

Eyebrows went skyward last year when Jim Caiola and David Salama - owners of Beau Monde at Sixth and Bainbridge Streets - won the right to redevelop New York City's Tavern on the Green, which closed in bankruptcy six years ago.

The Philly guys remaking N.Y.'s Tavern on the Green

Tavern on the Green in a recent incarnation, when food trucks set up on the property.
Tavern on the Green in a recent incarnation, when food trucks set up on the property. City of New York

Eyebrows launched skyward last year when Jim Caiola and David Salama - owners of Beau Monde at Sixth and Bainbridge Streets - won the right to redevelop New York City's landmark Tavern on the Green, which closed in bankruptcy six years ago.

The New York Times Sunday Magazine (Oct. 20) has a wonderfully detailed piece by Max Chafkin on their plans. The Central Park restaurant is supposed to reopen in late December.

Aside from the couple's over-the-top search for serving forks, the financial stuff is fascinating: "Caiola’s initial projection for next year called for Tavern on the Green to take in more than $17 million, serving 600 sit-down meals a day on weekdays and 1,200 on weekends with an average restaurant check of $50 per person, not including tax and tip. That’s quite a step up from Creperie Beau Monde, which, according to Caiola, makes a comfortable profit on about $2 million a year."

Read it here.

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