Wikipedia
Palumbo’s was a popular 20th century restaurant with nightclub entertainment located near the Italian Market section of South Philadelphia, Palumbo’s included a banquet hall and Nostalgia’s Restaurant.
The format basically was an adaption of the music hall of the United Kingdom or vaudeville in the United States, showcasing live entertainment in a restaurant and saloon setting. It was owned by local celebrity/businessman/humanitarian Frank Palumbo. Amid unsubstantiated rumors
of mafia connections, Palumbo expanded a boardinghouse started by his grandfather, Antonio Palumbo into the entertainment complex. Palumbo’s was destroyed by fire in 1994 and was determined to be arson.
The site, marked by an unofficial historical plaque, is now occupied by a chain drug store.