Chelsea Market Plans To Expand To Other Cities: Report

CHELSEA, NY — Chelsea Market, the massive food and shopping hall that attracts 500,000 visitors a month, is planning to add additional locations in other cities, its owner told the Wall Street Journal.

Jamestown, the investment manager that created Chelsea Market, is planning to develop additional markets in other cities, the company's president Michael Phillips told the Journal. The news comes after the tech giant Google closed on a $2.4 billion deal to buy the entire building that houses Chelsea Market, along with other office space, at 75 Ninth Ave.

With the profit from the sale, Jamestown is looking to open additional markets throughout the world and is currently scouting locations in Europe and the U.S., the Journal reported.

The company hopes to announce "at least one, perhaps two" new locations before the end of the year, Phillips told the Journal

"The concept travels," he said. "Our intention is to create this community of buildings."

A spokeswoman for Jamestown did not immediately respond to an email from Patch seeking more information.

After selling the building to Google, Jamestown said that it would continue management of the food and retail hall and that the Chelsea Market's future remained secure for the immediate future.

The companies have agreed to work together "to ensure a smooth transition with little or no impact to the community and tenants of the building," Jamestown said in a statement.

You can read the Wall Street Journal's full report here.

Image credit: Photo by Ilya S. Savenok/Getty Images for NYCWFF. Image caption: An interior shot of Chelsea Market.