Big developments are underway at Three on the Bund, the most exciting of which is that they've finally figured out what to do with the space formerly occupied by Laris. They're handing it over to Jean Georges to open another concept: his first ever Italian restaurant. Seems like a good idea. I mean everybody has an Italian restaurant in Shanghai. Don't you? They have yet to confirm a name for the place, but I hear they've been batting "Cetera" around. The plan is to open in late May or early June.

Four floors down, they've decided to make better use of that gallery and banquet space known as "Space by Three." They'll be re-purposing it as a restaurant as well. This one will be an upmarket churrascaria, or Argentine barbecue. You know, one of those places where servers walk around with ginormous skewers of roasted meat and fowl. The name: Unico. That will be opening around the same time as JG's new venture.

[Correction]: I've since gotten word from a more authoritative source on Unico. It will not be a churrascaria, but rather "a fine dining Mediterranean style restaurant and lounge with a Latin touch." What's even more interesting, though, is the man who will be behind it: Mauro Colagreco. Colagreco is an Argentinian chef of Italian and Spanish extraction, and his restaurant Mirazur in Menton, a coastal city in the south of France, has garnered some Michelin cred in the most recent guide.