Urbanspace inks lease for Financial District food hall

Nearly 15K-sf food bazaar to open at 100 Pearl Street

New York /
Jan.January 19, 2021 02:40 PM
Interior and exterior renderings courtesy of Urbanspace.

Interior and exterior renderings courtesy of Urbanspace.

A new food hall is coming to the Financial District.

Urbanspace inked a 14,722-square-foot, ground-floor lease at 100 Pearl Street. The location will have 12,702 square feet dedicated to its food hall operations, along with an additional 2,020 square feet of back of house space.

The food hall will take over the dark, somewhat depressing privately owned public space that connects Water and Pearl streets, and bring 16 “chef-driven food concepts” to the neighborhood.

It’ll be the sixth Urbanspace location in New York, and it’s the second lease that the company signed since the start of the pandemic. In August, the company made a deal to take 10,000 square foot lease at the Zero Irving tech hub in Union Square. It also has locations in Chicago and the Washington, D.C. suburbs.

“Having spent the past three decades developing markets for local businesses and chefs, we are ready to play our part in the recovery of the City,” Eldon Scott, president of Urbanspace, said in a statement. “It has been a devastating year for restaurants, but our food halls offer a supportive space where chefs can build a community, showcase their talents, and thrive — and that support is more important in this climate than ever before.”

The 29-story building, previously known as 7 Hanover Square, was recently redeveloped after landlord GFP Real Estate closed on a $430 million construction loan. Tenants in the office building include Health + Hospitals, the nonprofit corporation that operates the city’s public hospitals and health care facilities.

Urbanspace senior vice president of real estate James Race represented the brand in the deal, and GFP was represented by Newmark’s vice-chairman Benjamin Birnbaum and associate director Andrew Taub.





    Related Articles

    arrow_forward_ios
    Theaters in some cities are opening with restrictions. (Getty, Photo Illustration by Alison Bushor for The Real Deal)
    Coming attraction: Movie theaters reopen in New York, San Fran
    Coming attraction: Movie theaters reopen in New York, San Fran
    Restaurants and bars accounted for a majority of the gains in February (iStock)
    Leisure, hospitality big winners in February job gains
    Leisure, hospitality big winners in February job gains
    Ascena owns Ann Taylor, Lane Bryant, Lou & Grey and Cacique. (Getty)
    Ascena restructuring approved post-bankruptcy
    Ascena restructuring approved post-bankruptcy
    NYSRA president Melissa Fleischut (Photos via iStock, Getty, NYSRA/Illustration by Kevin Rebong for The Real Deal)
    Nearly 30% of New York restaurants expect to shutter in coming months
    Nearly 30% of New York restaurants expect to shutter in coming months
    Target CEO Brian Cornell. (Getty)
    Internet, shminternet: Target adds, renovates stores as money pours in
    Internet, shminternet: Target adds, renovates stores as money pours in
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    A year later, deferred rent may be restaurants’ downfall
    A year later, deferred rent may be restaurants’ downfall
    State Sen. Brad Hoylman and State Assemblymember Harvey Epstein (Getty)
    Lawmakers propose canceling restaurant rent, providing relief for landlords
    Lawmakers propose canceling restaurant rent, providing relief for landlords
    Columbia University
    Columbia University inks deals with 2 restaurants
    Columbia University inks deals with 2 restaurants
    arrow_forward_ios

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

    Loading...