Drake One Fifty is opening in the financial district this summer

The Drake Hotel has been dropping mysterious hints about its new standalone restaurant since early March. Now, the official word is out: Drake One Fifty is going to be a giant 175-seat space in a former bank building at the corner of York and Adelaide. Newly appointed executive chef Ted Corrado is designing the menu, carrying over the Drake’s standard elevated comfort food, and like the Queen West original, the downtown location is a hodgepodge of spaces, including a dining room, bar, 70-seat patio, a micro-Drake General Store and curated art and performance rooms, all in the Drake’s vintage decor.