Here’s what’s filling the gap left by shuttered diner, Coffee Shop, in Union Square

GFP Real Estate is rumored to be in talks with Chase Bank for part of the space

TRD New York TRD WEEKEND EDITION /
Oct.October 28, 2018 11:00 AM

Exterior of the Coffee Shop at Union Square (Credit: Getty Images)

GFP Real Estate will divide the Union Square space formerly occupied by the iconic Coffee Shop diner into four new retail spaces.

Three of the spaces will house new restaurants, while Chase Bank is rumored to be eyeing the fourth space, Eater reported.

GFP Real Estate co-CEO Eric Gural told the food news site that no leases have been signed, and declined to comment on a report from earlier in the week that Chase is a potential new tenant.

The Coffee Shop, which opened at 27 Union Square West in 1990 and became a cultural touchstone, closed its doors earlier this month, with the owners citing high rent as the reason. Gural, however, noted that the restaurant still has time remaining on its lease, and contested the idea that a rent hike was the reason for the closure. [Eater]Rich Bockmann


Related Articles

arrow_forward_ios
Mall of San Juan (Taubman)

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening
Clockwise:  CBRE's Michael Remer, Richard Hodos and Joel Stephen with the Wizarding World Building at 935 Broadway (Images via CBRE)

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal
Right to left: 831, 835 and 837 Madison Avenue (Google Maps)

“The ’57 Chevy in that old lady’s garage”: Madison Avenue buildings up for sale in litmus test for retail real estate

“The ’57 Chevy in that old lady’s garage”: Madison Avenue buildings up for sale in litmus test for retail real estate
Lord & Taylor and Men’s Wearhouse are just the latest big retail chains to file for bankruptcy (Lord and Taylor by Bruce Bennett/Getty Images; Men's Warehouse by Scott Olson/Getty Images)

Lord & Taylor, Men’s Wearhouse file for bankruptcy

Lord & Taylor, Men’s Wearhouse file for bankruptcy
Banana Republic CEO Mark Breitbard and Tishman Speyer CEO Rob Speyer (Breitbard by Neilson Barnard/Getty Images for GQ; Speyer by Drew Angerer/Getty Images; Banana Republic via Google Maps)

Banana Republic sues to stay in Rockefeller Center

Banana Republic sues to stay in Rockefeller Center
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

Vishaan Chakrabarti on a Manhattan real estate market without private cars

Vishaan Chakrabarti on a Manhattan real estate market without private cars
Brookfield's Ric Clark (Getty)

Brookfield, creditors reach deal on REIT’s $6.4B credit facility

Brookfield, creditors reach deal on REIT’s $6.4B credit facility
Renderings of Mott Street by Rockwell Group

Outdoor dining goes professional

Outdoor dining goes professional
arrow_forward_ios

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

Loading...