Google Bought Chelsea Market for $2.4 Billion
There likely won't be any big changes to the market in the foreseeable future. This post has been updated.
Reports began to surface that Google would likely purchase Chelsea Market, where the company is the largest tenant, in February of this year. Today, Google finalized the deal, purchasing the building for $2.4 billion.
While Chelsea Market is home to probably one of the most popular food halls in the city, the building also plays hosts to several other large corporations, including Major League Baseball and the Food Network.
Jamestown, the former owner of the building, promises that the sale will have “little or no impact to the community and tenants of the building,” according to a report from Eater. Google now owns almost three entire blocks in the neighborhood, perhaps signaling a slow expansion by the company.
Don’t get too concerned that Chelsea is currently undergoing a corporate takeover, though: For the time being, Google isn’t planning to make any changes to the building. Chelsea Market will remain an intact tourist destination, and one of the most expansive food halls the city currently has on offer—at least until Anthony Bourdain opens his on the Chelsea Piers (which, by the way, still has no firm opening date). You can find Corkbuzz Wine Studio, Chelsea Creamline, Morimoto, and Num Pang, all under the market’s roof.
By the way, if you’re a fan of places like Chelsea Market, it’s worth mentioning that Tampa has a burgeoning food hall scene of its own. Two opened there last year alone. Food halls have also taken root in Philadelphia and North Charleston. There are at least three worth visiting in the former, while a 20,000 square-foot version, featuring 16 food vendors, will soon open in the latter.
If you don’t get out of the city much, Chelsea Market will remain a solid option for any food hall cravings you’re experiencing, despite the fact that it’s under new ownership.
Update 3/21/18: As Grubstreet reports, the building's former owners, Jamestown real estate investors, have retained the "intellectual-property rights," to Chelsea Market, which gives the company license to expand the Chelsea Market name to other locations—meaning that you can expect to see at least two more outposts of the food hall open up by the end of the year in either the United States or Europe.