Urbanspace, the Largest Food Hall Operator in the United States, Closes $7.0 Million Investment With Feenix Venture Partners
Summary
Urbanspace, the leading national food hall brand, has partnered with Feenix Venture Partners on a $7.0mm credit facility to take advantage of the demand for its unique mix of experiential dining, chef mix, and accessible fast-casual price point.In the last year Urbanspace has experienced rapid growth with five new food halls in the Midwest and New York, and the first of a new Singapore branded concept, Urban Hawker, near Rockefeller Center. "Michael Siegel, Partner and Managing Director at Feenix, commented, "Urbanspace has been a staple of the Midtown Manhattan lunch scene for years. Eldon and his team have done an amazing job building this business, as evidenced by their recent opening of Urban Hawker, and Feenix cannot wait to see what Urbanspace has in store for its future expansion. "Urbanspace develops immersive public markets which connect consumers with creative local food and retail operators, filling the experiential gap not addressed by national fast-casual and delivery-only brands. What began at Londons Camden Lock in the 1970s has evolved into the largest operator of food halls and pop-up markets in the United States.