Dean & DeLuca to replace Spice Market at 29 Ninth Avenue

Midtown Equities repositioned the 30K sf retail space for one major tenant

New York /
Sep.September 28, 2016 10:11 AM

Food boutique Dean & DeLuca is set to replace Jean-Georges Vongerichten’s Spice Market when the restaurant closes its doors in the Meatpacking district on Thursday.

As The Real Deal reported in May, Joseph Cayre’s Midtown Equities has been trying to reposition the 30,000 square feet of retail space for a single, experimental tenant.

The company’s director of leasing, David Beare, told TRD in May that both Spice Market and its neighbor, furniture store Vitra, would be leaving the building when their leases expire in 2017.

But the owners of Spice Market decided to vacate the building early rather than fight it out over the lease, according to the New York Post. The Spice Market will serve its last meal on Thursday.

Dean & DeLuca is now poised to open up in the space, with Cushman & Wakefield TRData LogoTINY representing the food store, the Post reported. Beare said in May the asking rents for the ground floor would be around $700 a square foot.

Dean & DeLuca, bought by a Thai company in $140 million in 2014, has four locations in New York. Its space at the Trump Organization’s 40 Wall Street is still under construction.

The Cayre-led firm took ownership of the building last year when it bought out partner Ron Burkle for $67 million. Members-only social club Soho House takes the upper floors of the building.  [NYP]Miriam Hall


Related Articles

arrow_forward_ios
Gucci's Soho store
Gucci to open store in Meatpacking District
Gucci to open store in Meatpacking District
Stripes founder Ken Fox and a rendering of 40 10th Avenue (Stripes, Neoscape)
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Tavros' Dov Barnett and a rendering of the current proposal at 44-54 Ninth Avenue and 351-355 West 14th Street (Tavros, Renderings via BKSK)
City orders Meatpacking office developer to dismantle, rebuild slouching façades
City orders Meatpacking office developer to dismantle, rebuild slouching façades
Gucci pops up at Thor's Meatpacking property
Gucci pops up at Thor’s Meatpacking property
Gucci pops up at Thor’s Meatpacking property
405 West 13th Street and Engine No. 1’s Chris James (BKSK, Engine 1)
Activist hedge fund Engine No. 1 to open Meatpacking District office
Activist hedge fund Engine No. 1 to open Meatpacking District office
The Meatpacking District is now committing to a car-less future full-time after a pandemic-induced experiment. (iStock)
Cars permanently banned from Meatpacking District
Cars permanently banned from Meatpacking District
Tavros Capital Partners' Nicholas Silvers and Dov Barnett with a rending 351 West 14th Street (Tavros, BKSK Architects)
Tavros nabs refi on Meatpacking District properties it wants to redevelop
Tavros nabs refi on Meatpacking District properties it wants to redevelop
Little Island transforms New York City’s Hudson River waterfront
A neglected pier deteriorated for decades. Now it’s NYC’s hottest attraction.
A neglected pier deteriorated for decades. Now it’s NYC’s hottest attraction.
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...