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2018 Edition

FOOD

OF NORTH AMERICA FOOD HALLS OF NORTH AMERICA

The sharing economy for restaurants

The restaurant business has always been The popularity of food halls with subject to fads. One year, fish tacos are all landlords and developers is easy to the rage; the next year better burgers are. understand. They resonate with Whether it’s avocado toast or Korean consumers, drive foot traffic, and are an street barbecue, the hope of every new ideal fit for a in the midst of concept is to find a permanent seat at the newCommerce-driven disruption. There American table. are three ways to lure shoppers to your store or center; convenience, One of the hottest trends right now in the value or experience and eCommerce has restaurant business, and retail in general, made its strongest inroads with is the . Cushman & Wakefield first convenience. Food halls offer experience reported on this trend in November 2016; and food halls are eCommerce-proof. since then food halls’ popularity has only continued to rise. Food halls are popping But food halls aren’t just a retail trend. up around the at a breakneck The food hall has emerged as the ultimate pace; at the current rate, by 2020 the amenity for mixed-use, office, and marketplace will have tripled in size in the multifamily projects. Two years ago, the span of just five years. trend was already starting to play out in

2 CUSHMAN & WAKEFIELD FOOD HALLS OF NORTH AMERICA

urban office and multifamily projects with concerns have been mostly in New York, what Cushman & Wakefield referred to as which now has over 25 active permanent mini food halls. By 2016, these projects, food hall projects and as many as 10 more typically less than 10,000 square feet (sf) either under construction, in development in size, were already appearing in or rumored to be underway. On the , , and . surface, it does appear as if there may be a Now we are starting to see food halls at glut in food halls. But note: not a single the heart of new suburban mixed-use permanent food hall project has failed yet developments, where the food hall in New York to date. More importantly, component isn’t just at the center of the successful food halls are seriously action, but it’s usually among the first impacting bottom lines. In March 2018, things built. Why? Because as a popular closed on their acquisition of 75 amenity, they make leasing or selling the in New York. This nearly 1.2 rest of the space easier. million square foot office building is known primarily for what is on its ground floor; Of course, the increase in popularity of the one of the largest (165,000 sf) and most American food hall has not come without popular food hall projects in the United some concern about overbuilding. These States—Chelsea . With a current

Food Halls of North America 2018 3 FOOD HALLS OF NORTH AMERICA

market cap in excess of $800 billion, Google reasons to be wary of the food hall trend. could have purchased any building they They quote the fact that the failure rate for wished for their Manhattan campus. They stand-alone restaurants, particularly in chose this one, in part, because of the some of the nation’s most expensive , amenity downstairs. The all-cash deal for seems to be skyrocketing (any stats). Also, $2.4 billion is the second-priciest building increased competition, higher labor costs, sale in New York history. and higher rents are all cited as real challenges facing the industry. Only four food hall projects throughout the United States have closed over the Yet those reasons are precisely why we see past two years since our last inventory; the food hall trend flourishing. The food hall one of them was only a temporary project is about more than just real estate. The that didn’t fail. All three of the projects food hall is a structured concept that gives that did fail were poorly funded, smaller restaurateurs an overall cheaper operating projects in questionable locations in terms model, requiring significantly less in start- of population density. Two were mini food up capital. It is true that the marketplace halls located in mostly residential San has experienced some overexpansion. And Francisco neighborhoods where foot it is true that the failure rate of stand-alone traffic was minimal. The other was a small restaurants is on the rise. It is also true that project in Portland, which reportedly ran the failure rate of stand-alone restaurants out of funding to deal with a major is on the rise due, in part, to competition construction issue. from food halls.

Critics of the trend often cite the challenges Food halls are not a fad. They represent a of a beleaguered restaurant industry as new operating model that provides users

We have seen a big change in food halls since opening Camden Lock in 1972 and Spitalfields () in 1993. Food halls have entered the mainstream as a recognized asset class. Since 2008 social media has driven consumer interest in local chefs as well as given more tools to entrepreneurs to grow great . Starting a fast casual restaurant is a much more acceptable career path for many young people but the amount of pitfalls they encounter make food halls a valuable way to start. --Eldon Scott President, UrbanSpace, New York

4 CUSHMAN & WAKEFIELD UrbanSpace at 570 Lexington (New York)

lower costs and (if done right) significantly Authenticity and higher levels of foot traffic. For developers Quality are Critical and landlords, food halls mean a relevant tenant that drives foot traffic and To the uninitiated, a food hall may simply strengthens their commercial real estate seem like just a new take on the classic mall projects. For a growing class of food hall food court. This may especially seem the operators, it represents immense case now that major mall owners are opportunity; a model in which intensive starting to get into the food hall business. knowledge of a local food scene and However, there are vast differences between masterful skill in food and retail operations a food hall and the classic food court. can combine for a lucrative and necessary service that is only growing in demand. For The traditional mall food court was a the end users—the restaurateurs and common seating area, surrounded by a vendors that occupy the stalls—food halls periphery of food vendors. Those food represent a cheaper and more flexible vendors were usually fast food providers alternative to investing in standalone and the primary purpose of the mall food restaurant space. court was not the food itself, but to serve as an amenity for consumers who were at Food halls are not a fad— Food halls are the the mall primarily to shop. sharing economy for restaurants. They are here to stay and, for most of the United The modern food hall is about the States, the trend has only just begun. celebration of food itself. It is not an amenity for its consumers, but the primary In this report, Food Halls of North America reason for their visit. In the most successful 2018, we will explore the evolution of the projects, common seating areas have been food hall trend as it has continued to grow replaced with more interactive layouts that in popularity with consumers, vendors, allow consumers to experience the same landlords, and developers. space in different ways depending on the

Food Halls of North America 2018 5 FOOD HALLS OF NORTH AMERICA

seating. The most successful current The issue of quality in the modern food hall projects also place a greater emphasis on is of paramount importance. It begins, but utilizing common areas for entertainment does not certainly doesn’t end, with the and social events. vendors themselves.

Today’s food hall is built on the ancient The most successful and profitable food hall model of a central market as the focal point projects can overwhelm the senses; they are of community involvement. Whether it is visually appealing, the aromas are enticing space for hosting entertainment or cultural and the spaces inviting. The vendors are events, or to offer culinary classes, tasting global in nature, offering a wide range of events, or ’s markets, the addition of variety and quality cuisines. They are often more common area space helps to generate trendy, sometimes upscale, but always even greater consumer connection and focused on authenticity and freshness. loyalty to projects where such space is included. The reality is that projects that Food prices to the consumer are usually in merely camouflage aging food courts with the affordable range. Even those food halls just a name-change without attention to with celebrity-chef branding are usually design or layout upgrades are much less about down-market versions of critically likely to inspire the same levels of consumer acclaimed white tablecloth gourmet loyalty than are those that build truly specialties. However, even before the trend interactive spaces with quality tenants. began to rise in popularity there were

Millennial Eating Patterns Favor Food Halls

Millennials spend 40% 55% 44% of Millennials will of Millennials prefer of their food dollars order something communal on eating out different every time when dining out they visit the same restaurant

Source: Restaurant Marketing Labs Source: Restaurant Marketing Labs Source: Food Institute analysis / United States Department of Agriculture Food expenditure data (2014)

6 CUSHMAN & WAKEFIELD already vast variations. For example, the classic Ferry Building in San Francisco is one of the most upscale food hall projects with a Food Halls are definitely couple of white tablecloth, chef-driven a powerful“ movement; concepts in addition to street foods, artisanal food vendors (for everything from they are here to stay and cheeses to mushrooms or olive oil to caviar) for good reason. Food and twice-weekly farmer’s markets. Yet, just a few hundred miles south in , halls not only appeal to another classic project—Grand Central our inherent craving for Market—has long been about local immigrant-inspired street foods where variety, they also enjoy vendors are more likely to have come from the food truck or food cart world than from an inherent practical the latest edition of ’s. advantage over both

Now that the food hall concept has truly food trucks and stand- taken off, an even more diverse mixes in alone restaurants. If new projects are on the horizon. There is a number of what could best be described as a restaurant or a food food-truck-to-food-hall projects in the truck struggles, it closes. planning or early construction stages in a variety of locales ranging from the Bronx to If one or two vendors in suburban to downtown Tucson. a food hall struggle, a

We are also in the beginning stages of venue operator can work seeing the rise of the campus food hall, with with them to modify a number of major universities planning student-focused projects (look for craft their programs or beer vendors to be in strong demand). change them out without Meanwhile celebrity chef-driven projects are in the works throughout the United States disrupting the whole and Canada; Michael Mina is soon to open a food hall concept at Taubman Centers’ operation…. that’s the % in Beverly Hills. Malls also primary reason why we continue to add projects inspired by the haven’t seen too many 44 food hall phenomenon, beyond the ever- popular . In late 2017 the Isabella food halls fail. Eatery at Tyson’s Galleria opened in the Washington, DC suburbs. This project, while occasionally referred to as a food hall, is -Phil Colicchio really a curated upscale restaurant row from Managing Partner, celebrity chef Mike Isabella that draws on all Colicchio Consulting

Food Halls of North America 2018 7 FOOD HALLS OF NORTH AMERICA

of the driving principles behind the food enough to be able to manage and operate hall phenomena—authenticity, quality and these projects; one must also be intimately celebration of food culture—and places it connected with the local food scene. As squarely in one of the busiest and most more food halls proliferate and the concept successful malls in the United States. evolves, this may change, but for now the common theme has been that the offerings Ultimately, with all of these variations, the are unique, globally influenced, philosophy of food halls is still the same: at adventurous, and trendy. their best, they are celebrations of “foodie culture.” They focus on farm-to-fork, rather than mass production. Their emphasis is Definitions not the fast-food mantra of familiarity and predictability; rather, the focus of food halls There is still no standard industry is quality and authenticity. definition of what a food hall actually is or isn’t. The definition Cushman & Wakefield Here is where the issue of tenant rosters prefers is this: a modern food hall as a becomes critical. With the emphasis on permanent market building that features authenticity, most large fast food chains a mix of food-inspired retail (everything simply don’t work in a food hall setting. from cooking supplies to cookbook There are a few exceptions (for example stores), artisanal food vendors (upscale Blue Bottle Coffee), but the focus on chocolatiers, premium cheeses, bakers, authenticity is both the greatest attraction butchers, etc.) and a mix of restaurateurs of these projects and the biggest challenge serving authentically prepared foods for those wishing to develop them. It’s not (anything from street foods to chef-driven

Saks Food Hall by Pusiteri at Sherway Gardens (, Canada) Photos courtesy of Cadillac Fairview Experience = Eating 61% % of adults say they would prefer to spend money on 52 experiences, including eating of adults are looking to out at restaurants or other expand their variety of activities, over purchasing an ethnic cuisine item from a store

Source: National Restaurant Association, State of the Industry 2017

concepts, typically with an emphasis on market typically consists of food vendors “farm-to-fork” fresh ingredients). offering both prepared and unprepared food. In North America, some of the more Yet, there are plenty of excellent food halls well-known public markets include Faneuil that would not live up to such a definition. Hall in , Pike Place Market in Thus, the projects in our inventory are , Reading Terminal in those we feel competitive with food halls. and St. Lawrence Market in Toronto. Such Eataly, for example, is perhaps the best public market projects are included in our example of a strong single-purveyor food market inventory. . Located under one roof, the same operator offers both prepared and Food Hall unprepared high-quality foods as well as While the historic model of the food hall in a food retail element. Because Eataly the U.S. has been that of the larger, tourist- locations are large—typically utilizing at focused or transit-oriented property least 40,000 sf— and because they have featuring a mix of food-related proprietors, heavily influenced the food hall trend, such the modern definition has changed food halls are included in our inventory. somewhat. The overwhelming focus of the Smaller, single-proprietor food emporiums modern food hall is on quality, authentic are not. food offerings offered by a mix of vendors. Typically, this resulted in a number of Public Market restaurateurs offering a variety of food The public market is a permanent options—from sit-down, white-linen table structure or series of structures that cloth, upscale dining experiences to urban house a collection of mostly locally street foods. These tenants range from owned and operated businesses. A public world-renowned Michelin-starred, chef-

Food Halls of North America 2018 9 driven concepts to relatively unknown startups. Additionally, modern food hall concepts typically feature a strong contingent of artisanal food vendors selling unprepared items such as gourmet meats and cheeses, mushrooms, caviar, chocolates, etc. Culinary-themed shops (ranging from bookstores to lifestyle America is hungry for brands, etc.) are also common. Some larger food halls also feature a strong contingent better food options. The of traditional retailers as well, usually in the demand for healthy, sus- form of well-known lifestyle brands. Most food halls are in the 10,000-to-50,000-sf tainable, fresh and simply size, although there are variations when it uniquely good food, has comes to size. paved the way for chefs, The real estate model for these projects is usually based on a master lease to a food cooks, entrepreneurs and hall operator that initially leases and builds investors to meet their out the space and then licenses or subleases to vendors on a plug-and-play demand. We owe much basis. Deals are usually shorter-term leases of this emerging trend to (one-to-five years with subtenants), but some of the public market projects a community of creatives represented in our survey even had month- and entrepreneurs; from to-month leases. Deals often include common area maintenance charges for urban streets to airports to communal dining and/or cooking, shopping centers, develop- preparation, freezer/cooler or office space. ers and designers are cre- Mini Food Halls The mini food hall is a relatively new trend ating food destinations as that only began to emerge in late 2015. the new social anchors. The typical mini food hall is 10,000 sf or less and tends to be located in -Nick Giammarco freestanding, urban locations or on the Creative Principal/Retail Strategies, ground floor of major urban office, Studio H2G multifamily, or hospitality projects. Tenant mixes are generally weighted towards prepared food vendors, although many of these projects feature a healthy mix of unprepared food vendors as well.

The real estate model for these projects is similar to that for food halls as a whole (see

10 CUSHMAN & WAKEFIELD above). Deals are usually shorter term, Setting aside any “rumored” projects, it although in the case of mini food halls most appears that there will likely be 180 food of the concepts in our report have leases of halls in existence in the U. S. by the end of one to three years with subtenants) and, 2018, although the real number may end up again, often include common area being closer to 190. At the current pace of maintenance charges for communal dining development, we think there could be 300 and/or cooking, preparation, freezer/cooler projects up and running by the end of 2020. or office space. 2018 also marks the first year that Cushman Inventory & Wakefield is expanding our inventory to Cushman & Wakefield first began tracking include and Canada. In Canada, we food halls in 2015. At the close of that year, are tracking seven food halls, with another there were 70 projects being tracked six in development. In Mexico we are across the U.S. The number of active food monitoring 24 projects, however, our hall projects in the U.S. grew to 86 by the inventory there is still in the works. The close of 2016 and to 118 by the close of traditional popularity of public markets in 2017. Over the last few years about 30 new Mexico lends itself to the success of food projects have been added annually, and halls in the future, but also largely fills the that number is climbing. existing needs of the Mexican consumer.

Currently we are aware of 44 projects that are now under construction with delivery dates through 2020. We also confirmed another 23 U.S. projects in the planning phase, projects that almost certainly will begin construction in the next few months.

Over the next two years there could be an additional 30 mall-based projects that may come online. Mall landlords are notoriously tight-lipped about their plans, particularly when it comes to food halls. Most of the anecdotal research has come from the restaurant community itself, but there are at least a dozen top chefs who have been in conversations with major mall owners like Simon, GGP, Macerich, Westfield and others. Some projects, like Michael Mina’s Quincy Market (Boston) food hall at Beverly Center in Beverly Hills, are already nearing completion and will be open shortly. Others are in the earliest Rents stages. One thing we know for certain is The survey results reflect an extremely that most of these projects will be driven by wide range of rents for food hall vendors. big-name chefs and most of them will be in There are lease rates as low as $15 per Class A malls. square foot (psf) and as high as $200 psf.

Food Halls of North America 2018 11 FOOD HALLS OF NORTH AMERICA

Three factors are primarily behind these active in a San Francisco food hall shared variances; the type of food hall, the this comment with us: geography of the food hall and the lease structure of the food hall. “Here I am paying about $120 per-square- foot annually for my 300 square feet of The cheapest rents were found in space. That’s about $36,000 per year. If I incubator food halls, most of which are would have opened my own standalone public-private partnerships. The goal of restaurant I would have been looking at these projects is to serve as new business rents probably in the $60 per-square-foot incubators; in most cases, the actual range for about 2,000 square feet. That building itself has been donated by a would have been $120,000 per year and it municipality or foundation for that would have been for space that generates purpose and rents are often subsidized. nowhere near the traffic of this place. I would not have been able to afford that, but Geographically speaking, the rents followed here I am thriving.” the same patterns as typical retail rents, with urban rents typically at a premium. One of the greatest differentiators in values The highest rents were in Manhattan, where is the lease structures themselves. they could range from $50 to $200 psf. Food Hall Lease Structures While rents for food hall space on a per In the months immediately following the square foot basis may seem quite release of our first report on the topic of expensive, the amount of space used is food halls, we received dozens of calls from generally very small. One restaurateur developers, vendors, appraisers, lenders

Restaurant Operators 36% Restaurant operators Staffing name their biggest challenges to success: % Other Source: Toast Restaurant Technology, Restaurant Success in 2017 Industry Report 15 High Operating/ Food Costs

% Retaining 20 Customers

12 CUSHMAN & WAKEFIELD and even food hall operators asked us a number of questions, the two biggest questions were, “How do I get these things financed?” and “What is the normal lease structure for a food hall?”

Only now are we starting to see a few lease (and licensing) structures starting to emerge as the dominant ones. But even today this is largely a project-by-project affair. The reality is that the popularity of food halls grew so quickly and organically that a slew of lease structures have been used for food halls, with everything from standard retail triple net leases to straight percentage rent transactions.

Triple Net Triple Net (NNN) rents are common for West Side Market retail and for shopping centers. NNN leases () pass all expenses on to the tenant and can vary significantly depending upon the building’s efficiency, utilities usage and likely to be in the 25%-to-33% range. common areas. However, the pass-through expenses in historic buildings often can be quite high They are also the typical rent structures of depending on how energy efficient those mall food courts. Consequently it shouldn’t projects are. come as a surprise that many projects use these types of structures. Anecdotally, Gross Rent research indicates that some of the mall Many food halls offer gross rent structures. food hall projects in the works are planning These are all inclusive rents that charge on using this type of lease structure. end-user vendors not just for the real estate, but for electric, janitorial, common We know of a one project where the rent area maintenance and any other expenses. itself ranges between $40 and $50 psf Because these structures are all inclusive, depending upon the actual stall at this food they reflected the most expensive rents in hall. However, vendors at this project would our survey. also be looking at additional expenses in the range of $20-to-$25-psf on the expense In Manhattan we saw top food hall rents with pass through charges. So while triple net vendors paying as much as $7,000-to- leases are typically cheaper than gross $18,000 annually for 100-sf vendor stalls. rents, they also include significant Many of the food hall operators and landlords additional costs for the end user. Expenses that work with gross rents told us they prefer at as much as 50% of the rent are not them because they are more convenient and uncommon though typically these are more easier to explain to vendors.

Food Halls of North America 2018 13 FOOD HALLS OF NORTH AMERICA

Rent Plus Percentage percentage rent varies from project to Rent-plus-percentage is one of the two project, but typically it falls in the 15%-to- rent types that are quickly becoming 30% range. While a typical standalone popular with food hall operators and restaurant might only contribute 10%-to- landlords. This structure typically features 15% of total gross sales to rent at most, a flat rent and an additional percentage of those numbers typically don’t also include gross sales (typically about 10%) over a additional utility and tax related charges for natural breakpoint. The challenge here, of which a tenant would also be responsible course, is in the reporting of sales. Many for. Thus, food halls can command more operators are now beginning to offer full sizable percentage rates. POS systems in their projects—eliminating yet another start-up expense for vendors, Accurate reporting is essential for this while putting the machinery in place for lease structure to work. Most of the newer real-time tracking of vendor performance. food halls that we have seen that employ straight percentage rents do so along with Percentage Rents the use of centralized POS systems Percentage rents, where rent is based controlled by the food hall operator. simply on a percentage of a vendor’s gross sales, is the leasing structure most often Percentage rents are not without risks. If seen in new projects. The amount of poor weather hurts vendors one month, the

The Food Hall addresses many of today’s hot- button retail issues for both landlords and consumers. Landlords are “socializing” their properties with diverse engagement opportunities beyond product purchases, while consumers are in demand of locally sourced and authentic food concepts. After-hours retail vitality is activating the food hall with live music, arts and food- centric entertainment.

-Frank Di Niro Partner, GH+A Design

14 CUSHMAN & WAKEFIELD operator feels it too. The good news, however, is phenomena outside of urban locales, with that percentage rents allow for an operator to be suburban projects being developed at both more vested in the success of tenants. shopping malls and mixed-use projects. We will also begin to see the rise of branded food halls that will appear in multiple cities. Rural food halls, Looking Ahead especially in rich agricultural areas known for specialty crops or goods, will increasingly appear. The popularity of food halls is exploding and the food hall trend throughout most of the United Will we eventually overbuild? Of course! There States has only just begun. Even in the most will be a tipping point eventually but that point crowded marketplace­— Manhattan—not a single is far off. To use the classic real estate baseball food hall project has failed yet and there remains game analogy, Manhattan may be in the room for growth. In most major markets, there is seventh inning, a few other markets like plenty of runway for expansion, and suburban or Miami may be in the fifth, but most of the growth remains largely untapped. nation’s markets have barely finished singing the national anthem. In the meantime, the With more growth ahead food halls will evolve projects that will seize market dominance and from their public market roots, even as more retain it, even as more competitors come communities seek to create successful public online, will be those that embrace quality, markets. Food halls will increasingly be a authenticity and community.

Eataly (New York) 66% of American consumers say they are more likely to visit a restaurant that offers locally sourced food items

Source: National Restaurant Association, State of the Industry 2017

Food Halls of North America 2018 15 Food Hall Projected Growth 300 Major Food Halls in the United States by 2020

Food halls are popping up around the United States at a breakneck pace. By 2020, we anticipate that the marketplace will have nearly tripled in size since 2017.

Food Halls in the United States 350

300

250

200

Food Halls Food 150

100

50

0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Existing Projected Source: Cushman & Wakefield Research

16 CUSHMAN & WAKEFIELD Food Halls of North America Index

LOS ANGELES LOS ANGELES United States Eataly Los Angeles Square Mixx (at ) Food Hall Food Hall Existing (2017) ALABAMA Existing (2017) 25,000 sf BIRMINGHAM 50,000 sf 450 South Western Avenue 10250 Santa Monica Boulevard Los Angeles Pizitz Food Hall Century City Food Hall Existing (2017) LOS ANGELES 18,000 sf LOS ANGELES SteelCraft Bellflower 1821 2nd Avenue North Gallery Food Hall at Third Hall Birmingham Promenade Coming Soon (2018) Food Hall 15,000 sf Existing (2017) 16500 Bellflower Boulevard ARKANSAS 15,000 sf Bellflower LITTLE ROCK 1315 3rd Street Promenade Santa Monica Ottenheimer Market Hall LOS ANGELES Food Hall SteelCraft Long Beach Existing (1997) LOS ANGELES 10,000 sf Food Hall 400 President Clinton Avenue Grand Central Market Existing (2017) Little Rock Food Hall 15,000 sf Existing (1917 / 1984) 3768 Long Beach Boulevard 30,000 sf Long Beach 317 South Broadway ARIZONA Los Angeles PHOENIX LOS ANGELES The Original Market Desoto Central Market LOS ANGELES Food Hall Public Market Existing (2015) Mercado La Paloma Existing (1934) 17,200 sf Food Hall 103,000 sf 915 North Central Avenue Existing (2000) 6333 West 3rd Street Phoenix 35,000 sf Los Angeles 3655 South Grand Avenue Los Angeles LOS ANGELES Culver Public Market LOS ANGELES LOS ANGELES Food Hall Corporation Food Hall Proud Bird Food Coming Soon (2019) Food Hall Food Hall 27,000 sf Existing (2017) Existing (2017) Washington Boulevard & Centinela 20,000 sf 50,000 sf Avenue 724 South Spring Street 11022 Aviation Boulevard Culver City Los Angeles Los Angeles

Food Halls of North America 2018 17 LOS ANGELES ORANGE COUNTY ORANGE COUNTY Edin Park McFadden Public Market Union Market Mission Viejo Food Hall Food Hall Food Hall Coming Soon (2018) Existing (2017) Existing (2016) 50,000 sf 10,000 sf 27,800 sf 8001 Beverly Boulevard 515 North Main Street 27741 Crown Valley Parkway Los Angeles Santa Ana Mission Viejo

LOS ANGELES ORANGE COUNTY ORANGE COUNTY The Street at Beverly Center O.C. Mix at SOCO The Press Mini Food Hall Food Hall Food Hall Coming Soon (2018) Existing (2011) Coming Soon (2018) 8,000 sf 22,000 sf 20,000 sf 8500 Beverly Boulevard 3313 Hyland Avenue 1350 South Coast Drive Los Angeles Costa Mesa Costa Mesa

OAKLAND ORANGE COUNTY ORANGE COUNTY Public Market Emeryville The Packing House SteelCraft Garden Grove Food Hall Food Hall Food Hall Existing (2016) Existing (2014) Coming Soon (2018) 20,000 sf 42,000 sf 22,000 sf 5959 Shellmound Street 440 South Anaheim Boulevard 12900 Euclid Street Emeryville Anaheim Garden Grove

OAKLAND ORANGE COUNTY SACRAMENTO Rockridge Market Hall Trade Food Hall The Bank Food Hall Mini Food Hall Food Hall Existing (1987) Existing (2017) Coming Soon (2018) 14,000 sf 9,000 sf 30,000 sf 5655 College Avenue 2222 Michelson Drive 629 J Street Oakland Irvine Sacramento

OAKLAND/ ORANGE COUNTY SAN DIEGO Oxbow Public Market Union Market at The District Liberty Public Market Food Hall Food Hall Food Hall Existing (2008) Existing (2016) Existing (2016) 40,000 sf 23,000 sf 22,000 sf 610 & 644 First Street 2493 Park Avenue 2820 Historic Decatur Road Napa Tustin San Diego

ORANGE COUNTY 4th Street Market Food Hall Existing (2015) 30,000 sf 201 East 4th Street Santa Ana

ORANGE COUNTY Lot 579 Food Hall Existing (2016) 20,000 sf 21010 Pacific Coast Highway Huntington Beach

The Source (Denver)

18 CUSHMAN & WAKEFIELD SAN DIEGO SAN JOSE DENVER The Windmill Food Hall SoFA Market Union Station Food Hall Mini Food Hall Food Hall Coming Soon (2018) Existing (2014) Existing (2014) 12,000 sf 7,500 sf 22,000 sf 890 Palomar Airport Road 387 South First Street 1701 Wynkoop Street Carlsbad San Jose Denver

SAN DIEGO SANTA BARBARA DENVER Little Food Hall Santa Barbara Public Market Mini Food Hall Food Hall Food Hall Coming Soon (2018) Existing (2014) Coming Soon (2018) 4,700 sf 15,200 sf 15,000 sf 523 West Date Street 38 West Victoria Street & Chapala 950 Broadway San Diego Santa Barbara Denver

SAN FRANCISCO SANTA BARBARA DENVER 331 Cortland The Waterline (at the Funk Zone) Milk Market at Dairy Block Mini Food Hall Food Hall Food Hall Existing (2009) Existing (2016) Coming Soon (2018) 1,100 sf 10,000 sf 15,000 sf 331 Cortland Avenue 120 Santa Barbara Street 1800 Wazee Street San Francisco Santa Barbara Denver

SAN FRANCISCO COLORADO DENVER Live Zeppelin Station Market Hall Food Hall DENVER Food Hall Existing (2017) Avanti F&B Coming Soon (2018) 30,000 sf Mini Food Hall 22,000 sf 644 Broadway Street Existing (2015) 3501 Wazee Street San Francisco 8,600 sf Denver 3200 Pecos Street Denver SAN FRANCISCO DISTRICT OF COLUMBIA Ferry Building Public Market DENVER WASHINGTON DC Existing (2003) Denver Central Market Eastern Market 65,000 sf Food Hall Food Hall 1 Sausalito Existing (2016) Existing (1873) San Francisco 12,000 sf 20,000 sf 2669 Larimer Street 225 Seventh Street SE Denver Washington SAN FRANCISCO The Market Food Hall DENVER WASHINGTON DC Existing (2015) Stanley Marketplace Union Market 50,000 sf Public Market Food Hall 1355 Market Street Existing (2016) Existing (2012) San Francisco 100,000 sf 25,000 sf 2501 North Dallas Street 1309 Fifth Street NE Aurora Washington SAN FRANCISCO Manufactory Food Hall Mini Food Hall DENVER WASHINGTON DC Coming Soon (2018) The Source Jose Garces Latin Theme Hall at 3,200 sf Food Hall Union Market SFO International Airport Existing (2013) Food Hall San Francisco 26,000 sf Coming Soon (2018) 3350 Brighton Boulevard 20,000 sf Denver 1270 4th Street NE Washington

Food Halls of North America 2018 19 DELAWARE MIAMI TAMPA The Lincoln Eatery Heights Public Market at Armature WILMINGTON Mini Food Hall Works Riverfront Market Coming Soon (2018) Food Hall Food Hall 9,600 sf Existing (2018) Existing (2014) 723 Lincoln Lane 22,000 sf 10,000 sf Miami Beach 1910 North Ola Avenue 3 South Market Street Tampa Wilmington MIAMI Time Out Market Miami TAMPA FLORIDA Food Hall Locale Market Coming Soon (2018) Food Hall MIAMI 17,500 sf Existing (2014) 1-800-Lucky 1601 Drexel Avenue 20,000 sf Food Hall Miami Beach 179 2nd Avenue North Existing (2017) St. Petersburg 10,000 sf 143 NW 23rd Street ORLANDO Miami East End Market TAMPA Food Hall The Hall on Franklin Existing (2013) Mini Food Hall MIAMI 14,000 sf Existing (2017) St. Roch Market Miami 3201 Corrine Drive 8,000 sf Food Hall Orlando 1701 North Franklin Street Existing (2018) Tampa 10,000 sf 140 NE 39th Street ORLANDO Miami Market on Magnolia GEORGIA Food Hall Existing (2017) ATLANTA MIAMI 10,000 sf Central Food Hall at Ponce City Treats Food Hall at Aventura Mall 150 South Magnolia Avenue Market Food Hall Orlando Food Hall Existing (2017) Existing (2015) 25,000 sf 30,000 sf 19501 Biscayne Boulevard ORLANDO 675 Ponce de Leon Avenue NE Aventura Plant Street Market Atlanta Food Hall Existing (2015) MIAMI 12,000 sf ATLANTA Central Fare at Miami Central 426 West Plant Street Krog Street Market Food Hall Winter Garden Food Hall Coming Soon (2018) Existing (2014) 50,000 sf 30,150 sf Downtown Station ORLANDO 99 Krog Street Miami Creative Atlanta Food Hall Coming Soon (2020) MIAMI 20,000 sf ATLANTA La Centrale Brickell City Centre 600 West Amelia Street Sweet Auburn Curb Market Food Hall Orlando Public Market Coming Soon (2018) Existing (1924) 38,000 sf 50,000 sf 701 South Miami Avenue PALM BEACH 209 SE Miami Grandview Public Market Atlanta Food Hall Existing (2018) MIAMI 14,000 sf ATLANTA The Citadel on Little Haiti 1401 Clare Avenue The Canteen Food Hall West Palm Beach Mini Food Hall Coming Soon (2018) Existing (2017) 62,000 sf 3,800 sf 8325 NE 2nd Avenue 75 5th Street NW Miami Atlanta

20 CUSHMAN & WAKEFIELD CHICAGO Eataly Chicago Food Hall Existing (2013) 63,000 sf 43 East Ohio Street Chicago

CHICAGO 55 Mini Food Hall Existing (2017) 7,000 sf 55 East Monroe Street Chicago Saks Food Hall by Pusiteri at Sherway Gardens (Toronto, Canada) Photo courtesy of Cadillac Fairview CHICAGO Latinicity Food Hall and Lounge at ATLANTA DULUTH Block 37 Food Hall Halcyon Market Hall Revel Food Hall Existing (2015) Food Hall Food Hall 20,000 sf Coming Soon (2018) Coming Soon (2020) 108 North State Street 20,000 sf 25,000 sf Chicago 400 and McFarland Road Sugarloaf Parkway Forsyth Duluth CHICAGO ATLANTA Revival Food Hall at the National HAWAII Food Hall Main & Main Existing (2016) Food Hall HAWAII 24,000 sf Coming Soon (2018) Waikiki Yokocho Gourmet Alley 125 South Clark Street 28,000 sf Food Hall Chicago 1197 Peachtree Street NW Existing (2017) Atlanta 23,000 sf 2250 Kalakaua Ave CHICAGO ATLANTA Time Out Market Chicago Public Market Marietta Square Market Coming Soon (2019) Food Hall IDAHO 50,000 sf Coming Soon (2018) 916 West Fulton Market 18,500 sf BOISE Chicago 68 North Marietta Parkway Boise Food Hall (as of yet unnamed) Marietta Mini Food Hall Coming Soon (2018) CHICAGO 7,200 sf ATLANTA 7609 West Overland Road Mag Mile Food Hall Food Hall The Collective Boise Coming Soon (2018) Food Hall 21,000 sf Coming Soon (2019) 900 North Michigan Avenue 20,000 sf ILLINOIS Chicago 771 Spring Street NW CHICAGO Atlanta Chicago French Market Food Hall KENTUCKY ATLANTA Existing (2009) LEXINGTON The Daily 15,000 sf The Barn Food Hall 131 North Clinton Street Food Hall Coming Soon (2018) Chicago Existing (2017) 14,000 sf 10,000 sf 11556 Rainwater Drive 120 Summit at Fritz Farm Alpharetta Lexington

Food Halls of North America 2018 21 LOUISIANA BOSTON Great Hall at Winthrop Square R. House Food Hall Food Hall Dryades Public Market Coming Soon (2020) Existing (2016) Public Market 15,000 sf 50,000 sf Existing (2016) 115 Winthrop Square 301 West 29th Street 32,300 sf Boston Remington 1307 Oretha Castle Haley Boulevard New Orleans BOSTON WASHINGTON DC The BEAT National Market NEW ORLEANS Food Hall Food Hall French Market Coming Soon (2019) Existing (2017) Public Market 20,000 sf 25,000 sf Existing (1937) 135 William T Morrissey Boulevard 7100 Oxon Hill Road 80,000 sf Boston Oxon Hill 2 French Market Place New Orleans BOSTON WASHINGTON DC Time Out Market Boston The Spot NEW ORLEANS Food Hall Mini Food Hall St. Roch Market New Orleans Coming Soon (2020) Coming Soon (2018) Mini Food Hall 21,500 sf 6,200 sf Existing (2015) 401 Park Drive (Near) 30 Maryland Avenue 8,600 sf Boston Rockville 2381 St. Claude Avenue New Orleans

MASSACHUSETTS BOSTON Boston Public Market Public Market Existing (2015) 28,000 sf 100 Hanover St Boston

BOSTON Eataly Boston at The Shops at Prudential Center Assembly Chef's Hall Food Hall (Toronto, Canada) Existing (2016) Photo by Ryan Emberley 45,000 sf 800 Boylston Street # 14 BOSTON Boston MICHIGAN Bow Market Food Hall DETROIT BOSTON Coming Soon (2018) Dan Gilbert’s Coming Soon Quincy Market Colonnade in Faneuil 15,000 sf Downtown Food Hall Hall 337-341 Somerville Avenue Food Hall Public Market Somerville Coming Soon (2020) Existing (1826) 30,000 sf 27,000 sf TBD 367 South Market Street MARYLAND Detroit Boston BALTIMORE Lexington Market DETROIT Public Market Stone Soap Building Food Hall Existing (1782) Food Hall 60,000 sf Coming Soon (2020) 400 West Lexington Street 13,000 sf Baltimore 1460 Franklin Street Detroit

22 CUSHMAN & WAKEFIELD DETROIT NORTH CAROLINA NEVADA Busy Bee Food Hall Food Hall CHARLOTTE LAS VEGAS Coming Soon (TBD) 7th Street Public Market Fulton Street Food Hall 20,000 sf Public Market Food Hall 1366 Service Street Existing (2011) Existing (2014) Detroit 20,000 sf 11,940 sf 224 East 7th Street 3475 Las Vegas Boulevard South Charlotte Las Vegas DETROIT Detroit Shipping Company Mini Food Hall RALEIGH/DURHAM NEW YORK Coming Soon (2018) Morgan Street Food Hall and Market 4,000 sf Food Hall BUFFALO 474 Peterboro Street Existing (2017) EXPO Market Buffalo Detroit 20,000 sf Mini Food Hall 411 West Morgan Street Existing (2016) Raleigh 8,300 sf MINNESOTA 617 Main Street Buffalo RALEIGH/DURHAM Midtown Global Market Transfer Co. Public Market Food Hall NEW YORK Existing (2006) Coming Soon (2018) American Market by Todd English 58,000 sf 42,800 sf Food Hall 920 East Lake Street 500-508 East Davie Street Existing (2018) Minneapolis Raleigh 12,000 sf 229 West 43rd Street New York MINNEAPOLIS NEBRASKA Dayton’s Food Hall & Market Food Hall OMAHA NEW YORK Coming Soon (2019) Flagship Commons Canal Street Market 40,000 sf Food Hall Food Hall 700 Nicollet Mall Existing (2015) Existing (2017) Minneapolis 22,000 sf 12,000 sf 10000 California Street 265 Canal Street Omaha New York MINNEAPOLIS Malcolm Yards Market Food Hall OMAHA NEW YORK Coming Soon (2018) Coming Soon Omaha Suburban Food Chelsea Market 16,500 sf Hall Food Hall 501 30th Avenue SE Food Hall Existing (1997) Minneapolis Coming Soon (2019) 164,755 sf 40,000 sf 75 Ninth Avenue TBD New York MINNEAPOLIS Omaha Keg and Case Market at Historic Schmidt Brewery NEW YORK Food Hall NEW JERSEY Chelsea Terminal Warehouse Coming Soon (2018) Food Hall 32,000 sf NEW JERSEY Existing (2016) 900 7th Street West American Dream Food Hall 20,000 sf Minneapolis Food Hall 271 11th Avenue Coming Soon (2019) New York 150,000 sf MISSOURI American Dream Meadowlands East Rutherford NEW YORK ST. LOUIS City Acres Market City Foundry Food Hall and Market Food Hall Food Hall Existing (2017) Coming Soon (2019) 15,000 sf 48,000 sf 70 Pine Street 3700 Forest Park Avenue New York St. Louis

Food Halls of North America 2018 23 NEW YORK NEW YORK Kitchen at Row NYC Gotham Market at the Ashland TurnStyle Underground Market Mini Food Hall Food Hall Food Hall Existing (2015) Existing (2017) Existing (2016) 4,000 sf 16,000 sf 30,000 sf 700 Eighth Avenue 590 Fulton Street 1000 South 8th Avenue New York New York

NEW YORK NEW YORK NEW YORK DeKalb Market Hall Gotham West Market Union Fare Food Hall Food Hall Food Hall Existing (2017) Existing (2013) Existing (2016) 60,000 sf 10,000 sf 25,000 sf 445 Gold Street 600 11th Avenue 6 East 18th Street Brooklyn New York New York

NEW YORK NEW YORK NEW YORK Eataly NYC Downtown (FiDi) Great Northern Hall (in Vanderbilt Urbanspace at 570 Lexington Food Hall Hall) at Grand Central Station Food Hall Existing (2016) Mini Food Hall Existing (2018) 45,000 sf Existing (2016) 11,400 sf 4 World Trade Center 5,000 sf 570 Lexington Avenue New York 89 East 42nd Street New York New York NEW YORK NEW YORK Eataly NYC Flatiron NEW YORK UrbanSpace Vanderbilt (at the Food Hall Hudson Eats at Brookfield Place Helmsley Building) Existing (2010) Food Hall Food Hall 58,000 sf Existing (2014) Existing (2015) 200 Fifth Avenue 35,000 sf 12,000 sf New York 200 Vesey Street 230 Park Avenue New York New York NEW YORK Essex Street Market NEW YORK NEW YORK Food Hall Le District at Brookfield Place Bruckner Market Existing (1940) Food Hall Food Hall 15,000 sf Existing (2015) Coming Soon (2018) 120 Essex Street 30,000 sf 16,000 sf New York 200 Vesey Street Brookfield Place 9 Bruckner Boulevard New York Bronx NEW YORK Food Hall at Industry City NEW YORK NEW YORK Food Hall Plaza Food Hall / Todd English Food Mangia Existing (2014) Hall (combined) Food Hall 40,000 sf Food Hall Coming Soon (2019) 274 36th Street Existing (2010) 16,000 sf Brooklyn 32,000 sf TBD 1 West 59th Street Bronx New York NEW YORK Gansevoort Market NEW YORK Mini Food Hall NEW YORK Time Out Market Existing (2016) The Pennsy (Penn Plates) Public Market 8,000 sf Mini Food Hall Coming Soon (2020) 353 West Existing (2016) 75,000 sf New York 8,000 sf TBD 2 Pennsylvania Plaza New York New York

24 CUSHMAN & WAKEFIELD NEW YORK OHIO PORTLAND Hudson Yards Food Hall James Beard Public Market Food Hall Public Market Coming Soon (2018) Findlay Market Coming Soon (2020) 35,000 sf Public Market 80,000 sf 10 Hudson Yards Existing (1855) 222 SW Washington Street New York 44,000 sf Portland 1801 Race Street Cincinnati NEW YORK PENNSYLVANIA Jean Georges at South Street Seaport CLEVELAND PHILADELPHIA Food Hall West Side Market Reading Terminal Market Coming Soon (2018) Public Market Public Market 40,000 sf Existing (2004) Existing (1892 / 2012) 89 South Street 45,000 sf 78,000 sf New York 1979 West 25th Street 51 North 12th Street Cleveland Philadelphia

CLEVELAND PHILADELPHIA Van Aken District Food Hall Penn Food Hall Food Hall Food Hall Coming Soon (2018) Coming Soon (2018) 20,000 sf 10,000 sf 20119 Van Aken Boulevard 2401 Walnut Street Shaker Heights Philadelphia

COLUMBUS North Market Oxford Market Food Hall Food Hall Existing (1876) Existing (2018) 30,000 sf 12,000 sf 59 Spruce Street 301 Grant Street Columbus Pittsburgh

OREGON PORTLAND PUERTO RICO Pine Street Market El Marcado de Paseo Caribe Mini Food Hall Food Hall Existing (2016) Existing (2016) 9,500 sf 19,000 sf 126 SW Second Avenue #15 Avenida Luis Muñoz Rivera Midtown Global Market (Minneapolis) Portland San Juan

PORTLAND SOUTH CAROLINA Portland Food Hall NEW YORK Mini Food Hall CHARLESTON The Market Line Existing (2017) Workshop Public Market 4,000 sf Food Hall Coming Soon (2018) 827 SW 2nd Avenue Existing (2017) 150,000 sf Portland 10,000 sf Essex Street & Delancey Street 1503 King Street New York Charleston PORTLAND Portland Mercado WESTCHESTER Mini Food Hall Exit 4 Food Hall Existing (2015) Mini Food Hall 5,700 sf Existing (2016) 7238 SE Foster Road 4,000 sf Portland 153 Main Street Mt. Kisco Food Halls of North America 2018 25 CHARLESTON TENNESSEE NASHVILLE Garco Mill The Marketplace Food Hall MEMPHIS Food Hall Coming Soon (2018) Crosstown Concourse Coming Soon (2018) 20,000 sf Mini Food Hall 55,000 sf 4845 O’Hear Avenue Existing (2017) 3814 Charlotte Avenue North Charleston 7,000 sf Nashville 495 North Watkins Street Memphis GREENVILLE TEXAS Gather GVL Food Hall MEMPHIS AUSTIN Coming Soon (2018) South Main Market Fareground at One Eleven 17,000 sf Food Hall Food Hall 126 Augusta Street Existing (2017) Existing (2018) Greenville 11,000 sf 10,000 sf 409 South Main 111 Congress Avenue Memphis Austin GREENVILLE The Commons Food Hall Food Hall NASHVILLE AUSTIN Coming Soon (2018) Market House at the Nashville Block 71 22,000 sf Farmer’s Market Food Hall 159 Wellborn Street Public Market Coming Soon (2019) Greenville Existing (2008) 15,000 sf 35,000 sf 210 West 6th Street 900 Rosa L Parks Boulevard Austin MYRTLE BEACH Nashville Myrtle Beach Mall Food Hall Food Hall AUSTIN Coming Soon (2018) NASHVILLE Austin Kitchen 20,000 sf St. Roch Market Nahsville Food Hall 10177 NorthKings Highway Mini Food Hall Coming Soon (2018) Myrtle Beach Coming Soon (2019) 10,000 sf 8,000 sf 3600 Presidential Boulevard Looking for locations as of 10/2017 Austin Nashville AUSTIN St. Elmo Public Market Public Market Coming Soon (2018) 40,000 sf 4223 South Congress Avenue Austin

DALLAS Legacy Food Hall Food Hall Existing (2017) 55,000 sf Dallas Parkway Plano

DALLAS The Market at Dallas Farmers Market Public Market Existing (2015) 26,000 sf 920 South Harwood Dallas

Chelsea Market (New York)

26 CUSHMAN & WAKEFIELD DALLAS WASHINGTON DC WISCONSIN Uptown Urban Market The Block Mini Food Hall Mini Food Hall Existing (2016) Existing (2017) Milwaukee Public Market 7,000 sf 5,000 sf Public Market 2650 Cedar Springs Road 4221 John Marr Drive Existing (1985) Dallas Annandale 50,000 sf 400 North Water Street Milwaukee DALLAS WASHINGTON DC Crockett Row Food Hall Quarter Market at Ballston Common Food Hall Mall Coming Soon (2018) Food Hall Mexico 16,000 sf Coming Soon (2018) Crockett Street & Norwood Street 25,000 sf NWC 4238 Wilson Boulevard BAJA CALIFORNIA Fort Worth Arlington TIJUANA Foodgarden Plaza Rio HOUSTON Food Hall WASHINGTON Existing (2015) Conservatory 11,000 sf Mini Food Hall SEATTLE Via Rapida Poniente 11821 Existing (2016) Chophouse Row Zona Urbano Río 7,500 sf Mini Food Hall Tijuana 1010 Prarie Street Existing (2015) Houston 5,500 sf 1424 11th Avenue TIJUANA Seattle HOUSTON Foodgarden Sánchez Taboada Food Hall Finn Hall Existing (2014) Food Hall SEATTLE 11,000 sf Coming Soon (2018) Hall at 400 Fair View Blvd. Sánchez Taboada 10650 20,000 sf Food Hall Zona Urbana Rio 712 Main Street Existing (2015) Tijuana Houston 25,000 sf 400 Fairview Avenue N Seattle SAN ANTONIO CIUDAD DE MEXICO Bottling Department Food Hall Mini Food Hall SEATTLE Barrio Alameda Existing (2017) Melrose Market Food Hall 5,500 sf Food Hall Existing (2015) 312 Pearl Parkway Existing (2010) 24,000 sf San Antonio 21,000 sf Calle Doctor Mora 9 1531 Melrose Avenue Colonia Centro Seattle WACO Ejido del Centro Union Hall SEATTLE Food Hall MEXICO CITY Coming Soon (2019) Pike Place Market Casa Orizaba (Casa Quimera) 18,000 sf Public Market Food Hall 720 Franklin Avenue Existing (1907) Existing (2015) Waco 89,000 sf 38,000 sf 1531 Western Avenue Orizaba 131 Seattle Roma Norte VIRGINIA Cuauhtémoc WASHINGTON DC SPOKANE Isabella Eatery at Tyson’s Galleria Alexander Goods Depot/Market Hall MEXICO CITY Food Hall Eatery Comedor de los Milagros Existing (2017) Food Hall Food Hall 41,000 sf Coming Soon (2018) Existing (2017) 2001 International Drive 12,000 sf 15,000 sf McClean 111 North Wall Street Medellín 221 Spokane Roma Sur Ciudad de México Food Halls of North America 2018 27 MEXICO CITY MEXICO CITY MEXICO CITY Comedor Lucerna Mercado Independencia Mercado San Genaro Food Hall Food Hall Food Hall Existing (2016) Existing (2016) Existing (2017) 20,000 sf 17,000 sf 88,700 sf Calle Lucerna 51 Avenida Independencia 40 Mariano Escobedo 220 Juárez Colonia Centro Anáhuac Juárez Ciudad de México Ciudad de México

MEXICO CITY MEXICO CITY MEXICO CITY Corredor Salamanca Mercado Moliere Mercado San Juan Food Hall Food Hall Public Market Existing (2016) Existing (2016) Existing (1955) 10,000 sf 20,000 sf 48,000 sf Calle Salamanca 32 Prolongación Molière 500 Ernesto Pugibet 21 Roma Norte Granada Colonia Centro Ciudad de México Ciudad de México Ciudad de México

MEXICO CITY MEXICO CITY MEXICO CITY La Morera Mercado Morisco Mercadoroma Coyoacan Food Hall Food Hall Food Hall Existing (2015) Existing (2017) Existing (2014) 10,000 sf 13,000 sf 18,500 sf Avenida Ferrocarril de Cuernavaca Manuel Carpio 144 Avenida Miguel Ángel de Quevedo 353 Miguel Hidalgo, Polanco Santa María La Ribera Romero de Terreros Ciudad de México Ciudad de México Ciudad de México

MEXICO CITY MEXICO CITY MEXICO CITY Marché Dumas Mesa Nápoles Mini Food Hall Food Hall Food Hall Existing (2013) Existing (2014) Existing (2016) 7,000 sf 18,900 sf 10,000 sf Alejandro Dumas 125 Calle Querétaro 225 Calle Kansas 38 Colonia Polanco Roma Norte Nápoles Ciudad de México Ciudad de México Ciudad de México

MEXICO CITY Mercado del Carmen Food Hall Existing (2014) 19,000 sf Amargura 5 San Ángel Ciudad de México

MEXICO CITY Mercado Gourmet Samara Food Hall Existing (2016) 22,000 sf Avenida Santa Fe 50-94 Santa Fe Ciudad de México

Union Market (Washington, DC)

28 CUSHMAN & WAKEFIELD MEXICO CITY TORONTO Milán 44 Canada Saks Food Hall by Pusiteri at CF Food Hall Sherway Gardens Existing (2016) Food Hall 11,000 sf ALBERTA Existing (2016) Calle Milán 44 EDMONTON 24,000 sf Juárez 25 The West Mall Juárez Stantec Tower Food Hall Etobicoke Food Hall Coming Soon (2018) MEXICO CITY 21,000 sf TORONTO 10340 102 Street NW Parián Condesa Saks Food Hall by Pusiteri at CF Edmonton Food Hall Toronto Eaton Centre Existing (2016) Food Hall 19,000 sf Existing (2016) Avenida Nuevo León 107 18,500 sf Hipódromo BRITISH COLUMBIA 176 Yonge Street Toronto Cuauhtémoc Granville Island Public Market Public Market TORONTO DISTRITO FEDERAL Existing (1979) Eataly at Manulife Center MEXICO CITY 42,000 sf Food Hall 1669 Johnston Street Barrio Satélite Coming Soon (2019) Vancouver Food Hall 50,000 sf Existing (2017) 55 Bloor Street West 12,000 sf Yorkville Paseo de la Primavera 102 MANITOBA La Florida TORONTO Naucalpan de Juárez The Forks Market Food Hall at Upper Canada Mall Public Market Food Hall MEXICO CITY Existing (1989) Coming Soon (2018) 32,000 sf 40,000 sf Mercado Local 1 Forks Market Road 17600 Yonge St Food Hall Winnipeg Newmarket Existing (2017) 12,500 sf Circuito Cirujanos 10 TORONTO La Florida ONTARIO Naucalpan de Juárez The Well Market Hall TORONTO Food Hall Assembly Chef’s Hall Coming Soon (2017) Food Hall 30,000 sf Existing (2017) 444 Front Street West JALISCO 18,000 sf Toronto 111 Richmond Street West Toronto Mercado Mexico TORONTO Food Hall Waterworks Existing (2015) TORONTO Food Hall 15,000 sf Coming Soon (2020) Calle Colonias 221 Campo Food Hall 20,000 sf Americana Mini Food Hall 505 Richmond Street West Guadalajara Existing (2017) 3,500 sf Toronto 433 King Street West Toronto QUÉBEC TORONTO Harbour Eats Food Marketplace Food Hall at Les Galeries de la Capital Existing (2018) Food Hall 15,000 sf Coming Soon (2019) One York Plaza Residences 46,000 sf Union Market (Washington, DC) Toronto 5401 Boulevard des Galeries Ville de Québec

Food Halls of North America 2018 29 2018 Edition

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Garrick H. Brown Vice President Head of Retail Research, [email protected]

Copyright © 2018 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources considered to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy.