Gourmet emporium at NYC’s Tin Building to shut – Business News
The Tin Building by Jean-Georges has misplaced Jean-Georges – abruptly ending Manhattan’s most formidable food market and restaurant advanced.
The multi-level gourmand emporium from superchef Jean-Georges Vongerichten at the South Street Seaport will probably be changed by Lux Entertainment’s Balloon Museum, an Italian-owned “contemporary art format,” in accordance to landlord Seaport Entertainment Group.
“The current food and beverage operations at the Tin Building will close immediately,” SEG mentioned in a terse assertion.
The Tin Building by Jean-Georges has misplaced Jean-Georges – abruptly ending Manhattan’s most formidable food market and restaurant advanced. Stefano Giovannini
It spells a untimely finish to Vongerichten’s 58,000-square-foot emporium after much less than 4 years. It was broadly hailed after SEG’s predecessor company, Howard Hughes Corp., spent 10 years to relocate and $194 million to restore the landmarked building underneath the watchful eye of metropolis, state and federal businesses.
Vongerichten’s CEO, Lois Freedman, informed The Post that the Tin Building’s hottest eateries equivalent to House of the Red Pearl and T. Brasserie may be relocated to different elements of the Seaport. However, the plans are nonetheless “under discussion,” she mentioned.
The market offered high-quality items from world wide branded as “Tin Building” merchandise. But it struggled in a market over-saturated with fancy meals and at a location many New Yorkers regard as distant.
SEG reported final yr it misplaced $33 million on its share of the Tin Building. SEG, like HHC earlier than it, holds a 25% stake in Vongerichten’s company. Bill Ackman is the most important shareholder each of SEG and of HHC, which spun off SEG in 2024.
Vongerichten’s CEO, Lois Freedman, informed The Post that the Tin Building’s hottest eateries equivalent to House of the Red Pearl and T. Brasserie may be relocated to different elements of the Seaport. Tamara Beckwith
The losses prompted SEG to sever Vongerichten’s Creative Culinary Management Company from its Tin Building working function final yr and to change it with a licensing settlement.
“We are proud of what we created at the Tin. Seaport Entertainment is moving in a different direction, restructuring and leaning more towards entertainment,” Freedman mentioned.
“The Balloon Museum will bring a lot of foot traffic to a low-density location and be a great addition to the area,” she graciously added.
Seaport Entertainment Group reported final yr it misplaced $33 million on its share of the Tin Building. Stefano Giovannini
The museum debuted in Rome in 2021 and has offered exhibitions in 23 cities in Europe, North America and Asia, welcoming more than 7 million guests.
Its web site calls the positioning “a journey among out-of-scale installations with unexpected shapes in which interaction with the viewer is placed at the center of the experience.”
