Can Downtown Support Another Steakhouse?

Larry Silverstein

Larry Silverstein brings steak to the sated people.Photo: Getty Images

Grimly optimistic developer Larry Silverstein announced today that Capital Grille, the steak chain with a midtown location, has signed a ground-floor lease in his 120 Broadway tower. By luring the D.C.-based operation to join neighbors like Bobby Van’s Steakhouse, Silverstein said, “downtown has become a true beckon for foodies.” (We think he meant beacon, but he said “beckon.”) In the same speech, Silverstein said 86 percent of lower Manhattan’s new businesses have come from outside the financial sector. But since there are already at least six other steakhouses in the neighborhood, can all those new nonfinancial (and presumably, more edamame-inclined) sectors keep them all in business? Silverstein argues that the influx of spendthrift apartment owners around Wall Street will attract more prominent retail, which will make the area a perfect business hub. Hmm. Sounds like Soho to us, a neighborhood that has yet to open, much less support, even one fratty meatery. —Alec Appelbaum