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Chef Daniel Boulud Is Taking Over Elite Wall Street Hangout Augustine

Wall Street power dining is back

Tables with white tablecloth and globe lights inside of Augustine, the Keith McNally restaurant that closed in 2020.
The dining room at Augustine, which closed in July 2020.
Jean Schwarzwalder/Eater NY

Wall Street has gained a new powerhouse. According to the New York Post, celebrity restaurateur Daniel Boulud is taking over the former site of Keith McNally’s French bistro Augustine at the Beekman Hotel, at 123 Nassau Street, near Beekman street, in the Financial District.

Boulud plans to overhaul the restaurant with a new name but will keep much of the Parisian-inspired interiors intact, the Post reports. No chef has currently been named to helm the kitchen.

Formerly owned by controversial restaurateur McNally, Augustine was a favorite amongst Wall Street bigwigs and media figures such as Anna Wintour when it opened in 2016. Eater critic Ryan Sutton praised the luxury restaurant in an early, two-star review. Then during COVID, the area, home to many major offices, went dark. Augustine closed in July 2020, amid a larger restructuring of his hospitality company, which also shuttered beloved Lucky Strike that same year.

Meanwhile, after a 20-year run, the Upper East Side Cafe Boulud called it quits at the Surrey Hotel back in May. Dinex Group’s Daniel, Le Pavillon, Bar Boulud, and Boulud Sud are currently open. A recent Grub Street feature from restaurant critic Adam Platt pointed to restaurant owners like Boulud, calling old-school fine dining establishments “disconnected, irrelevant, and out of touch,” particularly during the pandemic. Whether Boulud’s new French bistro will be as embraced by Wall Street elites as Augustine was, remains to be seen. But if Midtown execs getting back to expensing $115 dollar lunches is any indication, it seems like not much has changed from pre-pandemic times in the way of luxury.

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