Thursday, March 8, 2018

Landlords are betting on food halls to lure shoppers and tenants

Late last month, GGP Inc. opened St. Roch Market, a food hall in the Miami design district. Among the vendors in the New Orleans-themed hall is one by Chef Chloe Coscarelli, a vegan chef and winner of Food Network’s “Cupcake Wars.” The 13,000-square-foot food hall is the giant mall real estate investment trust’s third to open in the past three years.

“Food dominates our culture,” said Adam Schwegman, vice president of leasing of eat and drink for GGP. “You can’t replicate a dining, food hall experience online so if they are successful, it’s a win for operator and developer.”. . . more

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