This is the week of reprieves.
First comes news that the UWS's Emerald Inn has gotten an extension on its lease. Now we hear that Frankie and Johnnie's Steakhouse WILL NOT die at the end of this month. Reports a reader: "the owner of Frankie & Johnny's tells us that they have renegotiated the lease on the 46th Street branch and will remain open for at least the next two years." Since the reader works for Zagat, I'd say this is a trustworthy source.
It seems this sour economy, that kills so many businesses, also saves some—the stalwarts that have been around a while and have always done solid trade. Landlords see that, in tough times, standbys are safer bets than whatever may be the Latest Thing Willing to Pay High Rent. If only the landlord of P&G Cafe had seen similar sense. (Maybe he still will!)
So, Hurrah for Frankie and Johnnie's! Hurrah for us! Hurrah for the great old Town!