Mystic — The revitalization of downtown Pawcatuck took two more steps forward this week, as two Westerly brothers who work at acclaimed Tony D’s restaurant in New London, said they will open a new Italian-American restaurant in the closed West Broad Street Bistro building this summer.

Meanwhile, the realtor who brokered the deal, Karen Hanson of Stonington Realty, said she will move into long-vacant space that is being renovated across West Broad Street from the restaurant at 2-4 Mechanic St.

Nick Ferraro said Wednesday that he and his brother Brian hope to open their new eatery in August. He said he has learned about the restaurant business working at Tony D’s for the past three years and his brother currently is training there, as well.

He said Tony D’s owner Tony D’Angelo is helping them with the recipes they will use at their restaurant.

“We’ve gotten the best education there,” he said.

As for the restaurant’s location, Ferraro said downtown Westerly is very popular with its many restaurants and bars and Pawcatuck is now starting to make progress with its redevelopment.

“We always loved that spot,” he said about the 59 W. Broad St. location. “We saw it was for sale and we went from there.”

The building was long home to Shea’s Office Products. After it closed, Apizzo, a wood-fired brick oven pizza restaurant opened in early 2009 and closed in 2010. In 2011, West Broad Street Bistro opened but closed a few years ago.

Ferraro said he plans to be open six days a week and keep the kitchen open late for people.

Hanson, who has been in business since 2008 and had an office in the borough, said she plans to move into space being renovated by Best Energy owner Jim Lathrop within the next 30 to 60 days. Lathrop recently bought the dilapidated building, which is next to his business, and immediately began to make improvements. Hanson’s office will be in a very visible location at the busy intersection of West Broad Street (Route 1), Route 2 and Mechanic Street.

She said a mortgage company will share the 1,400-square-foot space.

“I’ve been thinking about it for a while. I wanted a presence in the downtown Pawcatuck area,” Hanson said about her decision to locate there.

She said her business has been growing and, after discussions with Lathrop, she felt the building would be a good fit for her. She said her firm handles residential and commercial property sales from Charlestown, R.I., to Niantic, as well as rentals and property management.

The two announcements come as the town has said it will seek to tear down the remainder of the Campbell Grain Building at the end of Coggswell Street so the property can be sold and redeveloped.

The town, which recently has made significant changes to flood elevation and zoning regulations to allow more uses and spur investment, is looking to do more with the flood regulations and establish a tax increment financing district to provide money to invest in the downtown.

j.wojtas@theday.com