Urbanspace is expanding in East Midtown. The company, which operates high-end food halls, is set to open at the Feil Organization’s 570 Lexington Avenue.
Urbanspace, which runs the popular Urbanspace Vanderbilt food hall a few blocks away, signed an 11,400 s/f lease. The space, which is scheduled to open later this year, will occupy three floors and house 19 vendors.
According to the New York Post, Urbanspace will be taking the space relinquished by Chinese restaurant Mr. K’s. Eldon Scott, Urbanspace’s president, said that the food hall will have a “similar concept” to Urbanspace Vanderbilt. Urbanspace’s new home is a 50-story building that was built as the RCA Victor Building. Now also known as the General Electric Building, the Art-Deco tower is famous for a crown of Gothic spires, which were inspired by radio waves. The 640-foot-tall building was designed by Cross and Cross. It opened in 1931 and was added to the National Register of Historic Places in 2004.
Some of the most recent lease deals in the property involve medical company Strathspey Crown Holdings, which signed a 16,000 s/f lease in September 2015, and investment banking firm Marlin & Associates, which took the building’s entire penthouse duplex in the same year.
Asking rent for the ground floor and mezzanine was around $1.5 million, a source told the Post.
Urbanspace was represented by CBRE’s Amira Yunis and Anthony Stanford. Meanwhile, the landlord was represented in-house by Nicholas Forelli and Randall Briskin.