Exciting initial rumors that the chef-owners of popular Alphabet City Austrian Edi & the Wolf were going to open a nearby lounge/ bar indeed appear to be accurate. Last night Eduard Frauneder and Wolfgang Ban's bid for a 4 AM license was approved, meaning that come end of May or early June, the neighborhood will be welcoming a new nightspot on 116 Avenue C, open Wednesday-Sunday, 10 PM-4 AM. Philipp Haemmerle will once again be collaborating with them to design the space, which early word reveals will be inspired by Vienna art deco. As for the offerings, expect light fare accompanied by old world cocktails, champagne and small production liquor brands. The name remains TBD, but stay tuned for more details to come.