Delmonico’s, the historic New York City steakhouse that has defined fine dining in the Financial District since 1837, is preparing to expand for the first time in nearly two centuries with a new location set to open in Midtown Manhattan next year.
According to The Wall Street Journal, the move marks a rare shift for a restaurant that has long operated as a singular destination. The upcoming outpost at 1330 Avenue of the Americas will place Delmonico’s in the middle of one of the city’s busiest corporate corridors, surrounded by Fortune 500 offices and designed to cater to business dinners, private events, and the return of the power lunch crowd.
The expansion comes despite rising beef costs driven by shrinking cattle supplies and tariffs, pressures that have forced many restaurants to raise prices nationwide.
Delmonico’s has built its reputation on longevity and cultural relevance, serving as a crossroads between entertainment, politics, and business for generations. Its dining rooms have hosted icons ranging from Marilyn Monroe and Frank Sinatra to literary figures like Mark Twain and innovators such as Nikola Tesla, who was known to dine there daily.
U.S. presidents, including Abraham Lincoln and John F. Kennedy, have also been among its guests. More recently, actor Nick Braun has been spotted continuing that legacy.
Ownership says the expansion is about meeting demand while maintaining tradition. “Today, Delmonico’s core customers are business executives and their expense accounts,” said Dennis Turcinovic, owner of Delmonico’s Hospitality Group, pointing to the restaurant’s continued appeal among high-spending clientele.
Executive chef Adam Plitt added that 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 timing aligns with broader industry trends. Steakhouse sales in the U.S. grew more than 5% last year, outpacing most full-service restaurant categories, according to Technomic. Analysts say consumer demand for protein-heavy meals remains strong, even as menu prices climb.
Back at its original Beaver Street location, reopened in 2023 after renovations, Delmonico’s continues to lean into its legacy. The restaurant still serves classics like the Delmonico steak, Baked Alaska, and Eggs Benedict—dishes that were either popularized or refined within its walls.
The space itself doubles as a living archive, with vintage menus, proclamations, and historic photos lining the dining room.