A new dining room is coming to the financial district.
Urbanspace concluded a ground floor lease on an area of 14,722 square feet at 100 Pearl Street. The site will have 12,702 square feet designated for the operation of the food hall, along with another 2020 square feet at the back of the house.
The food hall will take over a dark, somewhat depressing private public space that connects Water and Pearl Streets, and will bring 16 “cooking concepts” to the neighborhood.
It will be Sixth Urbanspace in New York and the second lease the company has signed since the start of the pandemic. In August, the company entered into an agreement to lease 10,000 square feet at the Zero Irving Technology Center in Union Square. It also has locations in Chicago and the suburbs of Washington, DC.
“After spending the last three decades developing markets for local businesses and chefs, we are ready to help rebuild the city,” said Eldon Scott, president of Urbanspace, in a statement. “It’s been a devastating year for restaurants, but our canteens offer a supportive space where chefs can build a community, showcase their talent and thrive – and that support is more important in this climate than ever before.”
The 29-storey building, formerly known as 7 Hanover Square, was recently rebuilt after the landlord GFP Real Estate closed on $ 430 million construction loan. The tenants in the office building are Health + Hospitals, a non-profit company that operates the city’s public hospitals and medical facilities.
The brand was represented in the deal by Senior Vice President of Real Estate Urbanspace James Race and GFP was represented by Newmark Vice President Benjamin Birnbaum and Deputy Director Andrew Taub.