Complex sentence: The Lovelace Tavern was a bar located in the present day Financial District of Manhattan owned by then Governor of New York colony, Colonel Francis Lovelace opened from 1670 until 1706.
Split into simpler sentences: The Lovelace Tavern was a bar located in what is now the Financial District of Manhattan in New York City. Owned by the then-governor of New York colony, Colonel Francis Lovelace, it was in business from 1670 until 1706.