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

New York 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
From left: Jeff Goldberg, CEO of Fairstead, and Will Blodgett, Founder of Tredway (Getty Images, Fairstead)
Fairstead fires back, alleges Blodgett threatened to go “torched earth”
Fairstead fires back, alleges Blodgett threatened to go “torched earth”
From left: Extell's Gary Barnett and JDS Development’s Michael Stern along with One Manhattan Square, The Narrows, and 111 West 57th Street (Extell, JDS Development, Getty Images, The Narrows Condo)
New development sales plummeted 30% in July
New development sales plummeted 30% in July
Queens official Donovan Richards, Larry Silverstein and rendering of Innovation QNS (Queens Borough President, Innovation QNS, Getty)
Queens boro prez turns on industry, rejects Silverstein’s $2B project
Queens boro prez turns on industry, rejects Silverstein’s $2B project
Tavros Capital’s Nicholas Silvers and Charney Companies’ Sam Charney in front of 24-05 thru 24-19 Jackson Avenue in Long Island City (Getty Images, Tavros Capital, Charney Companies, Google Maps)
Tavros, Charney plan 55-story rental on long-stalled site
Tavros, Charney plan 55-story rental on long-stalled site
3100-3124 Atlantic Avenue in East New York, Brooklyn (Google Maps, Getty)
Locals fear homeless shelter king will gentrify East New York
Locals fear homeless shelter king will gentrify East New York
Adam Piore with the Time Warner Center, 15 Central Park West, One57, Sheffield57, and Hudson Yards (Getty, CityRealty, Pablo Costa Tirado, CC BY-SA 3.0 via Wikimedia Commons)
“New Kings of New York” author on 5 projects that reshaped NYC real estate
“New Kings of New York” author on 5 projects that reshaped NYC real estate
Durst Organization's Douglas Durst, Jamestown's Michael Phillips and One Times Square (Durst Organization, Jamestown, Getty, Bernt Rostad from Oslo, Norway edited by Yarl/CC BY 2.0/via Wikimedia Commons)
Durst sues Jamestown over Times Square scaffolding
Durst sues Jamestown over Times Square scaffolding
Five Pointe Real Estate's Corey Gluckstal with 7 Beach Lane (Five Pointe Real Estate, Douglas Elliman)
Westhampton Beach inn to reopen as luxury hotel
Westhampton Beach inn to reopen as luxury hotel
arrow_forward_ios

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

Loading...