Abstract Global declines of foundation species have reduced ecological function at population, community, and ecosystem levels. Restoration of foundation species promises to counter such losses, despite unknown recovery timelines, undefined benchmarks, and uncertainty about whether restored ecosystems approximate natural ones. Here, we demonstrate through a 15‐year large‐scale experiment in coastal Virginia, USA, that restored oyster reefs can quickly recover multiple ecological functions and match natural reefs. Specifically, abundances of oysters and a key crab mesopredator on restored reefs equaled reference reefs in approximately 6 years, indicating that restoration can initiate rapid, sustained recovery of foundation species and associated consumers. As reefs matured and accrued biomass, they became more temporally stable, suggesting that restoration can increase resilience and may stabilize those ecosystem processes that scale with foundation species biomass. Together, these results demonstrate that restoration can catalyze rapid recovery of imperiled coastal foundation species, reclaim lost community interactions, and help reverse decades of degradation.