Urbanspace will open its sixth Manhattan food hall in the Financial District, replacing a public walkway that linked Water and Pearl Streets, according to the Commercial Observer. The company has signed a 14,722 SF lease at GFP Real Estate’s 100 Pearl Street (AKA 7 Hanover Square), which includes 12,702 SF on the ground floor and 2,020 SF of backroom space.
- Worth Noting: This will be Urbanspace’s second space it has leased since COVID began.
- Food is the way to a tenant’s heart: Tenant expectations of office building management is becoming more like a traveler’s expectation of a hotel concierge. Landlords view food choices – contactless ordering + pickup and on-site food options – as a way to lure tenants back. Some have tried building their own food apps, which haven’t received the best ratings in the App Store.
- Brokers: James Race represented Urbanspace in-house, while Newmark’s Benjamin Birnbaum and Andrew Taub represented GFP.
- Heard on the Street: GFP Co-CEO Brian Steinwurtzel: “Our team put a lot of work into reimagining 100 Pearl Street as a prime downtown location for today’s modern workforce. We believe that the addition of Urbanspace will not only be a great amenity for the tenants in our building, but will also provide a welcoming space for the rest of the surrounding downtown neighborhood.” [CO]