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Perfetto has become the fourth restaurant to fail at 617 Main St., but landlord Nick Sinatra says the next restaurant will be different.

Perfetto’s equipment is being auctioned off Thursday. The 260-seat Theater District space was previously Ya Ya Bayou Brewhouse, Breckenridge Brew Pub and Empire Brewing Company. Owner Jay Haynes did not respond to requests for comment.

Nick Sinatra, the real estate developer who bought the Market Arcade from the city last month, said he’s talking to three high-profile Buffalo restaurateurs about the space. Sinatra know something about successful restaurants, having grown up around his family’s place, the venerable Italian red-sauce standout Sinatra’s on Kenmore Avenue.

“The space is anything but impossible; it’s a great space,” Sinatra said. He said the restaurant faced tough timing, with years of construction on Main Street. “It’s beautifully built out,” he said. “Obviously it’s big, but the right operator can use that space efficiently.”

There should be news on the tenant by late spring or early summer, Sinatra said.

The Market Arcade will be Sinatra & Co. Realty’s headquarters, and it needs a successful restaurant, he said.

“To us, it’s important to have somebody in there who can operate successfully, somebody who we can be proud of, because that’s going to be our flagship, our headquarters,” he said. “We’re going to be taking clients and bankers and other folks who we do business with down there, and we want to be able to say, ‘This is our tenant, and we’re proud of them.’ ”

email: agalarneau@buffnews.com