The Market Arcade on Main Street has long been known for under-performing establishments. But by the end of this summer, that may change.The building’s owner, developer Nick Sinatra, is partnering with local restaurateur Paul Tsouflidis to create a new market concept.
Market Arcade will be breaking out of its old mold, by breaking it up. Where one establishment has failed, seven or eight are intended to thrive, according to Tsouflidis. Offshoots of popular venues like DBGB in Allentown, and Gypsy Parlor on Grant Street will be anchor tenants in the redesign.
"They just work really hard and they’re successful, and they have a good brand," said Tsouflidis. "And I think downtown Buffalo needs more brands like that.”
Those restaurants, along with Tsouflidis’ own Newbury Street Café, will share the space with as many as five other vendors. He and Sinatra are taking proposals from the public, and setting aside one space just for students in higher education. The student winner will receive one year of free rent. Tsouflidis said it is a way of giving back to the community in a manner that has not been done before.
“To get somebody that wants to do something and maybe can’t afford all the stuff – the expenses for a new restaurant – this could be their shot,” said Tsouflidis.
The trigger for development was late January’s re-opening of Main Street to vehicle traffic. Tsouflidis said the location is perfect, given the large restaurant development nearby in the Chippewa district.
