The Commonwealth is the name of a long-in-the-works project by Premiere Marketing Group’s Justin Fine and Michael Steinberg and real estate developer Anthony Sembello at 1320 Chestnut St., a former clothing store.
They tell me it's an intimate, refined cocktail and small-plate concept that will present an “adaptable social environment” combining “the welcoming nature of a boutique hotel lobby bar with the classic look and feel of a grand residence.”
As such, they emphasize, it will not be a lounge. Ryan Margolis, a Starr Restaurant alum who previously owned 707 restaurant, is consulting. A fall/winter opening is being targeted.
Premiere, meanwhile, is working this summer luring bodies to the Fifth Floor (the Living Room, the Cabana Club, C5, and Chelsea Prime restaurant) at The Chelsea, a boutique hotel in Atlantic City.