An owner behind the Upper East Side’s popular Butterfield Market teased the Manhattan mainstay’s arrival to a new luxury mixed-use building in Queens at a breakfast hosted by the Long Island Partnership on Tuesday morning.
“This is our first move out to another borough, we’ve always been an Upper East side business but we needed a larger facility,” said Evan Obsatz, owner and CEO of the 109-year-old market known for its catering services and fan-favorite frozen yogurt.
The move marks the first time the company—which survived the Spanish flu, the Great Depression and most recently the Covid-19 pandemic—will venture across the East River. The 22-year lease for more than 10,000 square feet of space on the ground floor of the new Rise LIC building at 29-17 40th Ave starts at $29 per square foot, according to Obsatz. Butterfield Market’s Queens will open anywhere between October 2024 and February 2025, he said.
About 9,500 square feet of the new space will be a cooking facility. The remaining space will be used for retail shopping and include a cafe in-store, serving up staple Butterfield Market offerings, including its frozen yogurt, sandwiches and salads, said Obsatz.
The Obsatz family leases two other large retail locations on the Upper East Side, one at 1114 Lexington Ave. between 77th and 78th streets, and the other at 1150 Madison Ave. at the corner of 85th Street. They run a sushi shop at 1102 Lexington Ave. at the corner of 77th Street and a Butterfield Kitchen Commissary at 346 E. 92nd Street. Their offices are also in the neighborhood at 1449 Lexington Ave.
Julianne Cuba , 2024-04-16 20:55:08
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