London-based media and hospitality group Time Out is opening its second market in the city and its first in Manhattan, as several food halls have shuttered across the five boroughs.
Time Out Market, which first debuted in Lisbon, Portugal, in 2014, is slated to open inside of Union Square’s Zero Irving office tower in the fall, the building’s developers and the media company announced this week.
Time Out’s inaugural New York location opened in Brooklyn in 2019 inside Empire Stores at 55 Water St. in Dumbo. Its second in the city will take over 10,000 square feet of space currently occupied by a different food hall, UrbanSpace, on the ground floor of 124 E. 14th St.
The 22-story Class A office building opened in 2022 and was developed by real estate firms RAL Cos. and JRE Partners, in response to a request for proposals from the city’s Economic Development Corp., which owned the land.
UrbanSpace opened on the ground floor that same year and will be leaving at the end of the month, the developers said, although it’s unclear why. Neither UrbanSpace nor RAL Cos. responded to a request for comment about its departure by press time. The building is fully leased, according to RAL Cos. It’s also unclear how much Time Out is paying for the space, but asking rents in the building started at $120 per square foot when it first opened in 2022, the New York Post reported.
Meanwhile, a handful of other food halls have called it quits in recent months. Citizens Market Hall, a two-level space at the Brookfield Properties-owned Manhattan West project, will shutter in April, Crain’s recently reported. Gotham West Market in Hell’s Kitchen closed at the end of last year after more than a decade in business, and Williamsburg Food Hall, an 18-vendor offering, shut down in March 2023, among others.
Time Out, founded in 1968, runs a media organization largely dedicated to city-based food and nightlife publications. It publishes its recommendations online and in print across 333 cities in 59 countries globally. The brand launched in New York in 1995.
