Urbanspace's New Owners: A Turnaround in the Making?

Urbanspace, a prominent name in NYC food halls, is undergoing restructuring after struggling due to the pandemic. Hospitality Firm took over the company in April, aiming to revive the business. The new owners, Alex Gaudelet and Steve Hanson, are giving the food halls a facelift and have recently introduced new vendors. However, some current tenants are on month-to-month leases, creating uncertainty for both vendors and the company. Despite the challenges, the owners remain optimistic about the future of food halls, believing they can still be viable.