Fresco by Scotto — owned by NY anchor Rosanna — – Business News
When standard Italian restaurant Fresco by Scotto launches Saturday brunch with a dwell DJ for the primary time in October, it is likely to be a celebration of one thing treasured in Midtown — a 10-year lease renewal with a simpatico landlord.
Fresco co-owner Rosanna Scotto, additionally recognized for her Channel 5 gig on “Good Day New York,” mentioned 485 Madison Avenue homeowners Jack Resnick & Sons “really worked with us” on the deal. (Resnick was represented in-house within the renewal by Brett Greenberg and Adam Rappaport. Savills’ Ken Ruderman and Jeff Lagowitz represented Fresco.)
Scotto, who declined to debate phrases, mentioned, “The Resnicks are part of our family.” Her precise household — together with mom Marion and Rosanna’s son and daughter LJ and Jenna Ruggiero — opened Fresco in 1993. Since then, its fairly eating rooms and top-flight Italian delicacies have demonstrated uncommon endurance within the turbulent East Midtown restaurant scene.
Fresco by Scotto opened in 1993. MTC Photography
But each Fresco and 485 Madison itself are in a precarious location. The building is adjoining to the deliberate development of a new 350 Park Ave. — a mega-project by Vornado Realty Trust, Rudin and Ken Griffin, whose two separate Citadel corporations would be the anchor tenants.
The skyscraper will rise to 1,600 ft — taller than JPMorgan Chase’s new headquarters tower — and requires demolition of three buildings, one of which stands smack towards 485 Madison.
Rosanna Scott opened the restaurant together with her household. Brian Zak/Page Six
“We’ve talked to the developers,” Scotto mentioned. “They’re going to very cognizant of and sensitive to our needs. And the Resnicks really didn’t want to lose us.”
Jonathan Resnick mentioned, “As a family-run firm that’s been around for nearly 100 years, we understand what an achievement it is to maintain a successful business across three generations. We are thrilled to extend our partnership with Rosanna, LJ and Jenna well into the next decade.”
Scotto mentioned she is aware of her facade might be below a scaffold when demolition begins subsequent 12 months. “But I hope it will be a beautiful scaffold,” she mentioned together with her typical good cheer.
