Libera Wine Bar Has Opened in Nomad | Eater NY

"A legendary Chinatown restaurant with a long, multigenerational history: Shorty Tang arrived in New York in 1963 and introduced New Yorkers to Sichuan-style sesame noodles; the original location opened at 40 East Broadway in Chinatown in 1971, Shorty Tang died in 1976, and the restaurant closed in the ’80s. The family bought the 42 East Broadway property in the late 1970s after he died; it had been a bank for many years until the family reopened the restaurant in that building. Last year the restaurant reportedly owed $12 million and had filed for Chapter 11 bankruptcy to stop the foreclosure; Chen Lieh Tang, son of the late Shorty Tang, and his son James Tang own the restaurant, which remained open through the filing. In 2017 the New York Times declared it “the return of a Chinatown pioneer.” Now its Toronto-based mortgage lender Owemanco (also known as the Ontario Wealth Management Corp.) owns the building; the property is the mortgage company’s first U.S. acquisition, and it plans to lease the building to the restaurant and “will give the restaurant the option to buy back the building.”" - Melissa McCart