Prix Fixe, n. Borrowed from the French language, prix fixe translates to “fixed price.” Prix fixe menu options allow


consumer to pick from a variety of listed items on a menu for a fixed price.


With many food halls reaching completion or having just opened to the public, there is limited transactional information and comparables available. Retail investments price with an exact formula or analysis. It will be interesting to see how this segment transacts in an industry fixed on how an opportunity looks on paper. Their revenue is largely based on percentage rent are comprised of unestablished tenants on short-term leases. Food halls are disrupting the formula and are presenting another way to calculate value.


Emulsion, n. Rooted from the Latin word “to milk out,” an emulsion is the blending together of two liquids that


do not naturally mix.


Unique spaces are becoming unlikely homes for food halls, and in some cases, anchor tenants to redevelopments or large mall vacancies. Developers are repurposing unconventional spaces and are creating mixed-use projects, featuring food halls, and inviting their consumers to participate in a fully integrated and multi-sensory experience.


Ultimately, the success of a food hall will rely on the perfect balance of location, tenant synergy, and the adoption of the communities they serve.


Santa Barbara Public Market 38 West Victoria Street, Santa Barbara, CA 93101


Santa Barbara Public Market is a ±19,867 SF food hall that is a portion of the LEED Platinum Alma Del Pueblo condominium project in Downtown Santa Barbara, California.


Santa Barbara Public Market features an urban-contemporary beer garden that includes 41 craft beers on tap and Wine + Beer, a collection of fine wines and handcrafted ales and beers, and has an eclectic mix of culinary experiences, services and complementary retailers. Located near State Street and other tourism hot spots, Santa Barbara Public Market was built to service both the residential community and visitors alike.


Bottle Works - The Garage Food Hall 850 Mass Ave, Indianapolis, IN 46204


The Garage is a ±30,000 SF food hall and is a portion of the 12-acre former Coca Cola Bottling Plant that is undergoing a massive redevelopment. This mixed-use project is repurposing the old plant and will include hotel, retail, office, and residential components. The food hall will feature independently owned, Indianapolis local businesses, and is being developed by Hendricks Commercial Real Estate.


The Street: Michael Mina's Social House 8500 Beverly Boulevard, Los Angeles, CA 90048


The Los Angeles location of The Street features an impressive collection of established sous chefs, concepts, vendors and amenities. Located in one of Los Angeles’ premier malls, The Street gained notoriety of the million-dollar renovation and will become an anchor to the Beverly Center.


Chelsea Market NYC 75 9th Avenue, New York, NY 10011


This ±164,755 SF food hall is considered by many to be one of the greatest food halls in the nation, and is comprised of over 55 purveyors. This world-famous food hall is located in the NYC Meat Packing district in the repurposed National Biscuit Company’s factory and was a pioneer in the New York food hall scene.


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