By Lori Fredrich Senior Writer & Dining Editor Published Aug 03, 2016 at 1:01 PM

A new restaurant called the Wall Street Drink Exchange will open in Elm Grove on Aug. 8 at 11 a.m. The new eatery, located at 890 Elm Grove Rd., takes the place of Rewined Modern American Grill, which closed this year after a nine-month run. Prior to Rewined, the space was occupied by longtime tenant The Grove.

Myren Grosenick, owner of JoJo’s Martini Lounge, 418 N. Mayfair Rd., is behind the new casual fine dining restaurant that will offer lunch, dinner and late-night options.

During the remodeling process, which began June 1, Grosenick and his team opened up the space to including a dining area that seats about 80. The bar area seats about 40 and was augmented by new lighting and amenities, including purse hooks. The kitchen also received an upgrade, including the addition of new equipment.

A deck to the north will offer an intimate, casual space for diners to linger.

Meanwhile, a patio will be added to the courtyard on the south of the building, offering 20-30 additional seats for al fresco dining.

Wall Street refers not only to the street that flanks the restaurant to the south, but also to its theme, which revolves around the imagery of New York City.

Murals, painted by local artist Gustavo Rojas, surround the dining area.

One such mural pays homage to some of New York’s most infamous mobsters. Meanwhile, windows on the northern walls offer up a live Earthcam view of Times Square and other scenes from NYC.

"We really worked to make the concept unique and fun," says Hugo "We’ll offer people something that they’ve not seen in this area, giving them a little piece of New York in Elm Grove."

Flores says they’ve already begun planning for a New Year’s Eve party, complete with a New York-style ball drop.

Food and drink

An extensive wine list will feature 98 offerings by the bottle with 22 available by the glass. Flores says the selection includes an emphasis on California varietals, along with a nice selection of international varietals.

Meanwhile, a cocktail menu, which was designed by bartender Stephanie Aker and her team, will feature seven signature New York-themed cocktails with names like Market Close, Blue Chip, Money Maker and the Mula, priced $8-12. The bar will also serve a bacon Old Fashioned made with house infused bacon bourbon.

Chef Ricky Garcia, whose experience includes work at HoM Wood-fired Grill in Brookfield, as well as the Villa at Heaven City, will head up the kitchen.

"My style is really very simple, fresh," he says. "I love creating dishes with just a few quality ingredients. So this concept is really based on fresh, farm-to-table dishes … classics with a twist."

A lunch menu offers up many of the same options as the dinner menu, with a larger selection of sandwiches, including a vegetable pita with pickled onions, peppers, tomatoes, broccoli, spinach, cucumbers, lettuce and avocado aioli for $9, and a classic Reuben ($10).

The menu features a variety of starters, including familiar items like bacon-wrapped water chestnuts with chili-soy maple glaze ($12).

There are also wings prepared with barbecue sauce, buffalo sauce or dry rub ($9), Oysters Rockefeller, cognac mushrooms gratin ($14) and a tower of beer battered onion rings ($9).

Shrimp cocktail – which is grilled, rather than boiled – is served with cocktail sauce and rosemary gremolata in a martini glass ($14). 

Salads include caprese and Caesar ($8-10), along with the classic steakhouse wedge ($11) and a house salad served with champagne raspberry vinaigrette.

Entrees run the gamut from burgers to pastas and steaks.

The Wall Street Burger features sautéed apples, caramelized onions, Jones bacon, barbecue sauce and cheddar cheese on a brioche bun ($14)

Steaks include filet mignon ($36-40), bone-in ribeye ($49) and a southwestern-style New York strip with smoky chili rub ($33).

There’s also the "ultimate" surf and turf, featuring a six-ounce filet with crisp Jones bacon, scallops and grilled shrimp served atop quinoa salad with a Cabernet demiglace ($45).

Wild mushroom ravioli features pasta filled with mascarpone cheese with wild mushrooms, white truffle oil, Asiago and microgreens ($18).

Other options include a double-boned pork chop with red pepper coulis, quinoa, caramelized onions and apples ($26), broasted chicken ($19), shrimp scampi ($24) chicken parmesan ($23) and zucchini pasta with marinara, fresh roasted vegetables, asiago cheese and microgreens ($18).

Desserts will include selections including banana bread pudding served with Purple Door salted caramel ice cream.

The restaurant will offer specials, including a Friday fish fry, Saturday prime rib and a brunch buffet on Sundays. Flores says the restaurant will also offer live music on Friday and Saturday evenings.

Beginning Aug. 8, hours for the Wall Street Drink Exchange will be Monday through Thursday 11 a.m. to 9 p.m., Friday and Saturday from 11 a.m. to 10 p.m. and Sundays from 10 a.m. to 8 p.m., with a brunch buffet offered from 10 a.m. to 3 p.m.

Lori Fredrich Senior Writer & Dining Editor

Lori is an avid cook whose accrual of condiments and spices is rivaled only by her cookbook collection. Her passion for the culinary industry was birthed while balancing A&W root beer mugs as a teenage carhop, fed by insatiable curiosity and fueled by the people whose stories entwine with each and every dish. She’s had the privilege of chronicling these tales via numerous media, including OnMilwaukee and in her book “Milwaukee Food.” Her work has garnered journalism awards from entities including the Milwaukee Press Club. 

When she’s not eating, photographing food, writing or recording the FoodCrush podcast, you’ll find Lori seeking out adventures with her husband Paul, traveling, cooking, reading, learning, snuggling with her cats and looking for ways to make a difference.