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Restaurant Resurgence Reflects Optimism Post-Pandemic Demand Is Here to Stay

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Restaurant Resurgence Reflects Optimism Post-Pandemic Demand Is Here to Stay

Chef Franklin Becker and partner Stephen Loffredo spent $7 million on the build-out of the two-story seafood eatery Point Seven, located in the MetLife building adjacent to Grand Central Terminal. When they opened a year ago, they were the first restaurants to reoccupy the spaces that had been shuttered in the office tower when the pandemic made the area a ghost town.

Recouping that kind of investment and making a profit is a bet not just on the recovery that has occurred in Midtown as workers returned to the area part of the week, but on reestablishment of the pre-pandemic work week so that the restaurant is filled continuously.

“We opened up in the location because we believe in the resurgence in Midtown,” said Becker. “As offices realize a four-day work week is not effective, we believe people will start to settle into a five-day workweek.”

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