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 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
133-25 37th Avenue in Flushing

Developer Gary Tsan buys Flushing property for $60M

Bed Bath & Beyond CEO Mark Tritton (Credit: Getty Images, Mike Mozart via Flickr)

Bed Bath & Beyond to invest $1B in store upgrades and buybacks

South Carolina town puts moratorium on development (Credit: iStock)

The high cost of low taxes: South Carolina town bans all development for 16 months

Kitopi CEO Mohamad Ballout (Credit: Kitopi and iStock)

“Smart” kitchen and delivery startup raises $60M for US expansion

Vornado CEO Steve Roth and 595 Madison Avenue (Credit: Google Maps and Getty Images)

Fendi, Berluti take over old Coach flagship at 595 Madison

From left: Authentic Brands Group CEO Jamie Salter, Simon Property Group CEO David Simon, and Forever 21 CEO Do Won Chang (Credit: Getty Images)

Forever 21’s biggest landlord could become its new owner

U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee

Ex-Barneys CEO Daniella Vitale (Credit: Getty Images, Google Maps)

Barneys’ lights still on, but workers left in dark

arrow_forward_ios
Loading...