June 15, 2001 at 04:00 AM EDT

Town WHAT Posh socialites mix with stylish hipsters at this chic watering hole and restaurant, nestled within the new Chambers hotel in midtown Manhattan. COMMANDER IN CHEF Executive chef/owner Geoffrey Zakarian is a veteran of such star-studded Gotham haunts as Le Cirque, the 21 Club, and 44 at the Royalton. CULINARY CHIC ”I call the cuisine ‘dynamic American,”’ says Zakarian. ”We try to be creative, [but] we don’t just create fantasy for fantasy’s sake.” Dreamy delicacies include escargot risotto in black truffle broth and a cheese collection coupled with such sweet side dishes as apple and maple strudel. EXPENSE COUNTS Waitpeople don Hugo Boss ensembles; table linens come courtesy of Italian luxury label Frette. Guests can kick back on ”liquid leather” settees in the balcony lounge — or admire the strands of Austrian crystal beads cascading from 24-foot-high ceilings. WAIT FOR A SATURDAY-NIGHT RESERVATION AT 8 Three weeks. STAR QUALITY Since opening its doors in mid-March, Town has seen the likes of Oprah, Quincy Jones, and Sugar Ray; the April 10 VH1 Divas Live after-party featured Boy George at the turntables and music lovers like Pamela Anderson and Kid Rock.

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