FOR IMMEDIATE RELEASE
Wednesday, Nov. 2, 2022
ReMain Ventures Announces Request for Proposal for Property at 22 Federal Street as Greg and Joy Margolis Move on From The Corner Table After Seven Successful Years
NANTUCKET, MASSACHUSETTS---A Request for Proposal to solicit interest for a new tenant for 22 Federal Street, the location currently occupied by the Corner Table and Nantucket Culinary Center, was issued today by ReMain Ventures.
After seven successful years of operating The Corner Table and Nantucket Culinary Center, restaurateurs Greg and Joy Margolis have made the decision to step away from the business. ReMain Ventures is now seeking proposals from prospective business owners and operators looking to take over the space in a way that is aligned with the organization’s mission. ReMain Ventures' goal is to find a new business owner to run a cafe and cooking school that continues to contribute to the vitality of downtown Nantucket, encourages people to eat and prepare healthy and local foods and serves as a model for sustainable year-round food industry practices.
“The Margolis family has successfully created a wonderful business that provides Nantucket with a year-round place to gather, eat and cook together,” said Cecil Barron Jensen, executive director of ReMain Nantucket and ReMain Ventures. “Our hope is that the next chapter will continue to serve the community in the same way that Joy and Greg have over the years.”
The three-story building at 22 Federal Street, which ReMain Ventures renovated after acquiring in 2014, has a lower level cafe, spacious courtyard patio that was upgraded with a solar installation this year, and expansive upper floors with additional cafe seating and room for private events and cooking classes. The building’s first-class, specialized facilities in downtown Nantucket include a demonstration kitchen, an interactive kitchen and private dining room. The space was modeled after the Action Kitchen at the Seaport Hotel in Boston and is ideal for traditional cooking classes, for group cooking experiences or cooking competitions.
The downstairs cafe is zoned for up to 45 seats (approximately 20 inside and the rest in the courtyard) with set up for take-out and self-serve fare, the capability of selling specialty coffee, pastries, prepared soups, salads and hot and cold sandwiches, in a wifi-friendly, alcohol-free environment. There are no restrictions on the hours of operation. ReMain Ventures’ goal is the continued use of the cafe as a popular all-day gathering spot for conversation and relaxed food for all ages on a year-round basis.
The Margolises will continue operating The Corner Table and The Culinary Center through the end of their lease on Dec. 31, 2022.
“The decision to step away from the business has come after much thought, deliberation and emotion,” said Greg Margolis, owner of The Corner Table and The Culinary Center. “We are filled with gratitude. This community and the time we spent running The Corner Table and the Nantucket Culinary Center will always have a special place in our hearts and will forever be one of our most cherished experiences. We’re committed to working with ReMain to ensure as smooth a transition as possible for everyone—our employees, the next business owner/operator and the community.”
A full statement from the Margolis family can be found on the Corner Table website at www.cornertablenantucket.com. Please contact ReMain Ventures at firstname.lastname@example.org to request a copy of the RFP that provides further detail on the application process and the building and facilities. Submissions are due Nov. 30, with a target to have a new tenant operating the space by early spring.
ReMain Nantucket and ReMain Ventures are funded by Wendy Schmidt and her husband Eric to support the economic, social and environmental vitality of the island of Nantucket. In addition to providing grants and sponsorships to support sustainable and cultural initiatives across the island, ReMain Nantucket has worked in conjunction with ReMain Ventures to revitalize Nantucket year-round through the preservation of historic buildings that are home to a mix of nonprofit and commercial businesses.
(View the RFP here)