1776 Steakhouse Set for New Ownership as a Local Restaurateur Takes the Lead

The 1776 Steakhouse has long been a staple for diners in the Midway Shopping Center, drawing regulars for its classic atmosphere and seasoned culinary team. 

Now, after decades of success, the restaurant is entering a new phase after being sold

A familiar face in the Coastal Delaware dining scene, Regan Derrickson, will take over ownership in the next few months. 

His arrival signals continuity as well as the possibility of refreshing energy for one of the area’s most recognized establishments.

A Landmark Restaurant Prepares for Transition

After more than thirty-five years in operation, current owners, Tom Holmes and Tammy Mozingo, are preparing to pass the torch. 

Their stewardship helped maintain the restaurant’s authenticity, well known for high quality service, an inviting atmosphere, and a loyal customer base.

Their commitment over the years included a major renovation of the Midway location, expanded menu offerings, and the addition of lite fare service from Mondays through Saturdays. 

Under their leadership, 1776 maintained a reputation for consistency and hometown comfort, making the announcement of the sale both significant and nostalgic for many in the community.

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Who Is the New Owner?

Incoming owner Regan Derrickson is hardly a newcomer to the Coastal Delaware restaurant community. 

He and his wife Kim founded Nalu Hawaiian Surf Bar & Grill, which opened its first location in Dewey Beach in 2008, and later expanded into Rehoboth Beach in 2019.

Nalu is known for its open-air design, Pacific island inspired menu, and its use of high quality ingredients, such as sashimi-grade fish and Wagyu beef. 

Derrickson’s concept blends casual energy with elevated cuisine, earning both locations consistent popularity among locals and seasonal visitors.

His success with Nalu offers a glimpse into the type of leadership he brings to 1776. 

While the steakhouse’s style is very different from the island-influenced theme of Nalu, it seems that the new owner intends to preserve the elements that longtime patrons appreciate most about 1776 Steakhouse.  

Early statements highlight maintaining the restaurant’s familiar atmosphere and commitment to quality, while still being open to continued improvement.

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What Customers Should Expect During the Change

The restaurant has announced a temporary closure from January 6th through January 14th, a short pause likely aligned with preparations for the ownership transition. 

Temporary closures like this often allow for behind-the-scenes adjustments such as staff updates, kitchen improvements, menu planning, or general maintenance.

Given Derrickson’s track record, guests can expect thoughtful management during the shift. 

While the core identity of 1776 is expected to remain intact, transitions often bring opportunities for subtle enhancements that benefit both regular customers and new visitors. 

The combination of a well-established steakhouse and an experienced local restaurateur sets the stage for a smooth evolution rather than a dramatic change.

The Community’s Reaction

Early online discussions show a blend of curiosity and optimism. 

Local food groups, including the Rehoboth Foodies community, have actively followed updates as they unfold. 

Many commenters express appreciation for the previous owners Holmes and Mozingo’s years of dedication, while also acknowledging Derrickson’s strong reputation in the local dining scene.

For a restaurant that has been part of coastal Delaware for more than three decades, the upcoming change is meaningful. 

Yet the overall sentiment leans positive, with many residents hopeful that the new leadership will honor the restaurant’s history while keeping it vibrant for years to come.

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Looking Ahead

The sale marks a turning point for 1776 Steakhouse, but one rooted in continuity rather than disruption. 

With a respected local restaurateur stepping in, and a foundation built by seasoned owners, the restaurant appears well positioned for its next chapter. 

As the transition progresses in the coming months, diners can expect more updates and an eventual reopening that maintains the spirit of this long-standing Midway favorite.

If you want to stay updated on what is happening in coastal Delaware, make sure to follow our blog for the latest local news, restaurant developments, and community events!

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