The Real Deal New York

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
October 28, 2018 11:00AM

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