Food Network to Take 106,000 SF in Chelsea Market

NEW YORK CITY-In a move first reported by GlobeSt.com on April 30, Food Network is moving to Chelsea Market. The network will take 106,000 sf for 12 years in a $40 million lease. Food Network will relocate its corporate offices, studios and kitchen to 106,000 sf at Chelsea Market, 75 Ninth Ave. in the summer of 2004. With Food Network planning to tape 90 episodes per year of Emeril Live!, the new space will accommodate the show and tape more than 1,000 hours of original series. The site, comprising space on the ground, second, third and sixth floors at Chelsea Market, will also provide space for the network’s increased production of short form programming and vignettes.

Samuel Clark III, executive director, Cushman & Wakefield, represented the Food Network in its comprehensive two-year search to find an appropriate home for its studio. This was a complex task, given the structural requirements of any property chosen, including a generous ceiling height and column spacing. According to Clark, the search encompassed the entire Tri-state region, and there were 14 properties in the running before Chelsea Market was chosen.

According to David Falk, principal, Newmark & Company Real Estate Inc., the exclusive leasing agent for Chelsea Market, the complex was ideal for the Food Network, because it offered the company the opportunity to build a studio that met its exact specifications, while housing its employees in an active and exciting workplace environment.