A new Wall Street restaurant with a view
NORWALK — Stocks may tank but drinks, food and entertainment will flow at The Market Bistro & Bar, which is slated to open on Wall Street at the end of April.
Owner Jason Petrini stands behind the newly finished bar at The MKT at 64 Wall St. and points at the cash register, which will track food and drink sales like at the New York Stock exchange.
“The reason why we’re called The Market, or MKT, is we’re going to recreate our own stock market inside this venue,” said Petrini, whose background includes club promotion and web development. “We’re taking technology to the 21st century and we’re going to implement it into a real-life scenario.”
The MKT will create its own “stock market” by using a computer algorithm, which will allow customers to “day trade” drinks and food items. Prices will rise and fall based upon purchases.
“It’s going to fluctuate every time that somebody orders a drink,” Petrini said. “It’s either going to raise the cost or decrease the cost, however, it will never go over the maximum price. For example, if a Corona is $6, it’s not going to be $10. It stays at $6.”
A mural with the lettering “NASDQ” lines the back wall of The MKT. Other artwork, also created by local artist Melissa Boccanfuso, adorns the sidewalls and bathroom walls of the restaurant/bistro/bar.
And that’s only the ground floor.
By the end of September, Petrini hopes to open a rooftop bar with tables, chairs, fire pit, central bar, covered pergola and restrooms. The plan, which is under review by Norwalk Department of Planning and Zoning, calls for creating an elevator and stairwell along River Street.
Petrini is the son of Jerry E. Petrini, a former Norwalk councilman and owner of My Three Sons family entertainment center at 62 Wall St. A passageway has already been cut between the entertainment center and The Mkt.
“We’re going to have full service,” Jerry Petrini said. “When the parents come in with the kids, they can go right through a set of doors and go into The MKT and sit and relax.”
Jason Petrini said parents will be able to track their children in real time on their smartphones to ensure that they remain inside the entertainment center.
Live music, Karaoke, poetry readings, and dating games also will be part of the mix. Petrini foresees Wall Street blooming with ongoing residential development and the opening of Wall Street Theater this spring, and becoming the SoHo of Norwalk.
While The MKT may be a new concept, the restaurant business is familiar territory for Petrini, who grew up in Norwalk and lives in Wilton.
At age 18, Petrini worked at Rain Ultra Lounge in SoNo.
He later worked for Matt Bonjiovi, who operated the nightclub known as 84 Park nightclub in Stamford. Petrini later branched out into web development.
Bonjiovi, brother of rock star Jon Bon Jovi, describes Petrini as an “out-of-the-box thinker” who is ready to prove himself.
“He was always hands on and showed a strong work ethic,” Bonjiovi said. “It was that drive that continued his success with us. It’s only natural that he moves up the ladder to ownership and he brings creativity and drive to the business. We wish him nothing but the best with his new ventures.”