Operations

Time Out Market Miami to close after June 30

It was the first of the Time Out food hall destinations to open in the U.S. four years ago, but the Lisbon-based company did not say why the venue will be closed.
Time Out Market Miami
Like all Time Out Markets, the food hall in Miami promoted local chefs and restaurateurs./Photo courtesy of Shutterstock.

The once-buzzy food hall Time Out Market in Miami is closing at the end of June.

In an Instagram post and an article published in the media outlet Time Out, the Lisbon-based Time Out Group said the last day for the 17,500-square-foot venue is June 30, but the company gave no explanation for the decision to close.

“We want to thank our team, our chefs and our restaurateurs who truly are the best in the city—it is thanks to all of them that the Miami Market has been a wonderful place for our guests whom we also would like to thank wholeheartedly,” said Sandy Hayek, Time Out Market’s co-CEO of operations, in a statement. “We are proud to have been able to give our vendors a platform in our Market and through Time Out, we will continue to champion these outstanding, best of the city talents.”

Miami was the first of Time Out’s food halls to open in the U.S., but since 2019 the group has opened Time Out Markets in New York, Boston and Chicago. The Miami location first opened with 17 outlets from famed local chefs, including Jeremy Ford of Stubborn Seed; Michael Beltran of Ariete; and Alberto Cabrera of Bread + Butter and Little Bread.

Promoting local restaurants and chefs with both the food halls and media outlet is fundamental to the Time Out concept, which began in Lisbon in 2014. That first Time Out Market is more than 70,000-square feet and has become a popular tourist destination. Internationally, there are now also Time Out Markets in Montreal and Dubai.

The company said eight new sites are expected to open by 2027. In the last six months of 2022, the group said revenue grew by 78% around the world.

Time Out food halls could be described as old school, at least compared to more contemporary variations on the food hall model that emerged post pandemic, which also serve as ghost kitchens offering virtual brands and an emphasis on delivery.

Though some virtual food halls like Epic Kitchens have shuttered, food halls across the country continue to pop up. In Southern California last month, for example, the new indoor-outdoor Topanga Social food hall opened at a Westfield Mall outside Los Angeles with 27 eatery outlets and three bars.

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