Yes, I initially thought that "our very humble Gino's" had somehow gotten their act together enough to buy and renovate a place.
Then, I did a little research and found the correct answer.
BTW, the property is being gutted. If you look at the base of the pull down gate, you can see that they appear to have removed the floor that separates the basement from the future restaurant.
This, the location, and the quality of dining they are providing at their existing shop has led me to speculate the following:
A. Their definition of "soon" might by the Fall 2013, or beyond.
B. When complete, this entity might resemble Amorina, on Vanderbilt
C. They might have access to a backyard, which would allow dining in the warmer months. There is a big tree located behind Suite 723 in the above photo....
For better or worse, the change on Nostrand is going to make the change on Franklin look minor.