Operations

Food hall operator lands $7M investment

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October 18, 2022

Urbanspace, a national food hall brand with over 220 kitchens in seven cities, has partnered with Feenix Venture Partners on a $7 million credit to expand into four markets on the East Coast and Los Angeles.

In the last year, Urbanspace added added five food halls in the Midwest and New York as well as a Singapore-branded concept, Urban Hawker, near Rockefeller Center.

"We are seeing tremendous consumer response to the food hall format," Urbanspace President Eldon Scott said in a company press release. "As this segment consolidates, we are pleased to be able to partner with Feenix to help us to continue to create and manage new and second-generation food halls."

Michael Siegel, partner and managing director at Feenix, agreed saying Urbanspace has been a staple of the Midtown Manhattan lunch scene for years.

"With this additional capital, the Urbanspace team can take their successful concept to wider audiences across the country," he said in the release. "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."