Mercado Food Group Plans to Construct a Unique Food Experience Near the University of Florida
Gainesville, Fla, March 1, 2022– The Colliers leasing team of Jason Hurst, Bennett Harrell (The Hurst & Harrell Team) and Whitney Spangler are excited to announce a long-term deal to bring a 13,742 square-foot food hall experience to the ground floor of The Standard student housing development across from the University of Florida. The Standard is an 8-story, 1,200 bed student housing asset owned by Landmark Properties, an Athens, Georgia-based student housing developer. This student housing development also has over 50,000 SF of ground floor retail space with national brands such Chick-fil-A, Chase Bank, Target and Orange Theory.
The new food hall concept will be the latest major tenant added to the retail mix at The Standard. The food hall will feature 11 fast casual food concepts, a full- service bar, Top Golf Swing Suite bays, axe-throwing and more. The developer of the food hall is the Mercado Food Group – a Miami, Florida based firm – headed by Peter Rounce who used to be a principal with a renowned food hall developer. The Mercado Food Group currently owns and operates an award-winning food hall in Miami, Florida. The Mercado Food Group hopes to bring Miami vibes and a new twist on food culture to the Gainesville market and plans to adapt the new food hall to the Gator Nation with a University of Florida-themed buildout and experience.
“COVID has certainly changed the dynamics and site requirements of the food industry,” Says Jason Hurst, Broker and Director at Colliers. “We knew that a food hall concept would be an ideal solution to give restaurants both a smaller footprint size to operate as well as economies of scale to help manage the risks associated with both real estate and business growth. When we met the Mercado Food Group, we knew we had the right operators with experience to bring a winning concept to the Gator Nation.”
There is no set date for the opening of the food hall at The Standard just yet, but they are aiming to have it open sometime mid-2022.
For more information, please contact:
Jason Hurst Whitney Spangler
(352) 256-6714 (404) 375-4061