 A revival began in 1986 with the opening of the second nightclub by the same name that is now located in Manhattan's Theater District, not far from the original nightclub's location.The current location is in the same building as the previous "New York Observer" headquarters.Irving Levy (1923–1959), Morris Levy, and Oscar Goodstein – along with six other partners – purchased the venue in 1949 from Joseph "Joe the Wop" Catalano.