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Chelsea Market
22
CUSHMAN & WAKEFIELD
C
helsea Market is hardly a “pure” food hall
concept. Its roughly 165,000 sf of space
offers more than 35 food vendors selling
virtually everything from “soup to nuts.”
In addition, Chelsea Market features more
than a dozen sit-down restaurant options.
Roughly one third of its space consists of
non-food-related retail. Yet that is precisely
why this project is ranked at the top of our
list. Food is clearly the driver behind this
project, but the success of its non-food-
related options certainly suggest what may
be a future model for many urban retail
projects. While we’re not implying that food
tenants may ultimately become the
dominant tenant group in urban retail
projects, Chelsea Market is a clear example
of a project where food is the anchor; this
trend is not going away any time soon.
As for the project itself, Chelsea Market is
located in New York City’s up-and-coming
Meatpacking District and is convenient to
one of the West Side’s biggest tourism
drivers, the High Line. It also benefits from
its location on the ground floor of a massive,
mixed-use creative office and television
production complex in a converted historic
warehouse building, a property that was
once home to a Nabisco factory. Fittingly
perhaps, the television production space
in the building is where the Food Network
originally filmed the “Iron Chef America”
and “Emeril Live!” programs.