video: NEW: Pane e Vino Owner to Open at Mediterraneo Space at Gateway to Federal Hill
Saturday, November 14, 2015
Pane e Vino Ristorante owner will be taking the location on Atwells which previously housed the Mediterraneo for nearly two decades, GoLocalProv has exclusively learned.
Joseph DeQuattro’s award winning Pane e Vino owner will open a restaurant at the gateway location to Federal Hill.
The building and two adjacent properties sold for over $1.75 million and the restaurant alone sold for $1,425 million -- one of the highest prices in RI for a restaurant in the past few years. According to mulitple sources close to the deal, DeQuattro will lease the space from the new owners of the building. The value of the entire deal was $2.2 million.
As GoLocal was first to report last Saturday, The Marrocco Group announced that its restaurant Mediterraneo a fixture on Federal Hill was closing.
In a statement to GoLocal issued tonight:
"Determination, sacrifice, superior service and food have helped shape the success for 18 years at Mediterraneo," said Rick Simone spokeperson for the Marracco group.
"The sale of Mediterraneo and the associated properties was truly and offer Mr Marracco could not refuse. This will certainly be recorded as one the larger restaurant transactions on Federal Hill.
With the closing of the sale complete I look forward to the opening of the Biergarten and the enhancements we can accomplish at Caffe Dolce Vita," said Gianfranco Marracco
Outstanding Mediterraneo gift certificates will be honored by the new owner.
Gianfranco Marrocco on behalf of the The Marrocco Group said he “has received an offer he could not refuse” which includes the real estate sale of the building and two abutting residential houses.
Mediterraneo has been for sale along with a couple of surrounding buildings over the past year.
Pane e Vino which was founded in 2002 is about classic Italian food, “I knew that its foundation had to be all about hospitality and comfort food…….the foods that I grew up with. Fresh, simple & honest,” says DeQuattro about his restaurant exisitng location on Atwells.
“With the assistance of some amazingly talented and dedicated people I have created one of Providence’s most accomplished and celebrated restaurants. I am a second generation Italian American born in Providence, Rhode Island. When I first introduced Pane e Vino in 2002 I knew that its foundation had to be all about hospitality and comfort food…….the foods that I grew up with,” according to the restaurant’s website.
Related Slideshow: Providence Area Restaurants That Are Sadly Gone
Restaurants have come and gone for years in the state's Capital City, and here are just a few of the most recent ones in Providence that are no longer.
Rue De L'Espoir
99 Hope St, Providence, RI 02906
After opening its doors nearly 40 years ago in 1976, the East Side French stalwart Rue De L'Espoir is closing down on August 9, 2015.
Eddie and Son Diner
74 Dorrance St, Providence, RI 02903
Eddie and Son Diner, the long-standing Providence institution, shut their doors for good back in 2013, after nearly 70 years of serving customers.
The famed diner saw many illustrious faces over the years, from Matt Lauer during his Channel 10 days, when the diner was on Pine Street, to multiple generations of Rhode Island ruling elite, from John Chafee to Linc, and J. Joseph Garrahy to son John.
210 Atwells Ave, Providence, RI 02903
The iconic Italian Blue Grotto restaurant closed its doors for good in 2014 after lasting 34 years on Federal Hill.
At the time of its closing, Blue Grotto had a 3 star ranking (out of five) on Yelp. For a trip down memory lane, see reviewers' remarks here.
250 Westminster St, Providence, RI 02903
Opening in 2001, the downtown restaurant was well known for its coffee bar, social scene, and locally sourced products.
After losing their lease in 2013, Tazza was back in the press in 2014, when a former subcontractor for 38 Studios alleged that his firm was ordered to work on former Speaker of the House Gordon Fox's business colleague Michael Corso's bar as part of their contract - that bar being Tazza.
50 Exchange Terrace, Providence, RI 02903
A casual Irish pub that was good for watching sporting events, trivia night, brews, and cocktails, the establishment closed in 2014, marking another turnover in the popular -- but up-and-down - Union Station area downtown.
Photo courtesy of RiRa twitter
10 Memorial Blvd, Providence, RI 02903
An upscale steakhouse chain with various locations around the country, the downtown Providence location known for its expansive patio overlooking Waterplae Park - bowed out in 2014.
But steak lovers fear not, the Capital Grille will soon be settling in its new location there when it moves across the street -- if the the new signage is any indication, that should be any day now.
50 Weybosset St, Providence, RI 02903
The onetime downtown landmark known for its drag brunches and hefty cocktails, which was a favorite among patrons gay and straight, closed down in 2011, after gaining fame on Gordon Ramsey's Kitchen Nightmares.
Since then, Circe, popular among politicos, lawyers, and the late-night beautiful crowd, has firmly established itself in the same location in the Providence scene.
52 Pine St, Providence, RI 02903
McFaddens, which closed in 2012, was a popular spot to catch a game, with a plethora of TVs - and a late night college-kid haunt for its DJ and dance floor.
Now Hanley's Ale House, it the bar hasn't lost much of its beer-loving roots -- and it continues to be a mainstay in the Providence social scene.
200 Washington St, Providence, RI 02903
A small, intimate restaurant and bar, Tini was best known for its snack sized items on the menu and having their own way of preparing traditional meals.
The "hip offspring of the legendary Al Forno" was popular until its end in 2013 - but was replaced by the award-winning Birch with Ben Sukle at the helm, earning rave reviews as an up-and-coming star.
Cuban Revolution Restaurant
50 Aborn St, Providence, RI 02903
The Cuban Revolution had a number of iterations in its lifetime in Providence, from several locations downtown, and in Olneyville, before they fell by the wayside.
Those close of the downtown location led to their placement on GoLocal's not hot list by Dan Lawlor in 2013, for the following:
The Westminster developer and the Cuban Revolution restaurateur have both done good for the city. Too bad they couldn't come to an agreement on Cuban Revolution's downcity location. Morabito choose to close suddenly and left for Olneyville. Chace has an open storefront. Not a great week for either.
242 Atwells Ave, Providence, RI 02903
The popular -- and contentious -- Federal Hill nightlife spot lasted only several months in 2014, after making a big splash on the scene -- clearly rocking some boats in the process.
After announcing in June 2014 that it would be opening with all drinks, beers, wines, and food items price at $3, bard was the scene to several episodes of violence at the location, prompting the licensing board to revoke its liquor license last August - and owner Gianfranco Moracco railed against the establishment in an unsuccessful effort to save it.
727 East Ave, Pawtucket, RI 02680
A BBQ restaurant that served great hickory-smoked ribs, chicken, sandwiches & burgers, the eatery was a popular spot in Pawtucket at the end of Blackstone Boulevard for years.
Sadly, the owners announced it closed at the beginning of 2014. "Sadly, Ljs is now out of business," they wrote on January 20 of that year. "Thank you for having supported us in better times."
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