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NYCEDC today announced that The Chefs’ Warehouse, Inc., a leading New York City specialty food service distributor, has agreed to a long-term lease for up to 35 years for the entire approximately 234,000 square feet of space at 200-240 Food Center Drive. Dairyland USA Corporation, a subsidiary of The Chefs’ Warehouse, Inc., already leases approximately 55,000 square feet of space at the site. Through this new lease framework, Dairyland USA Corporation, an important New York City employer for over 26 years, will remain and continue to grow in the Bronx, retaining approximately 313 jobs and adding an additional 100 jobs over the next five years. The Chefs’ Warehouse, Inc. plans to invest between $15 million and $20 million in the project, renovating an existing approximately 176,000 square foot building on the site, and activating the previously unused approximately 58,000 square foot rail shed into cold storage and office space
“Chefs’ Warehouse’s long-term commitment to Hunts Point is another vote of confidence in the South Bronx, helping to cement its status as a world-class food distribution hub,” said New York City Economic Development Corporation President Seth W. Pinsky. “With their plans to expand their operations, Chefs’ Warehouse will soon activate previously unused space and create one hundred new jobs, which will lead to increased economic activity and vibrancy in Hunts Point and across the entire borough.”
“We appreciate the longstanding support of the great city of New York and are pleased to be expanding our presence to continue providing some of the greatest chefs in the world with the finest ingredients from around the globe,” said Chris Pappas, chairman and chief executive officer of The Chefs’ Warehouse, Inc. “The new facility will provide us with more capacity to serve our current customers and room to grow as we continue to expand our client base and culinary offerings.”
"I am excited about Chefs’ Warehouse’s commitment to continued growth in the Bronx. Their plan to remain in Hunts Point and expand their operations validates that the Bronx is open for business. This investment will not only create much needed jobs but will also provide quality food for countless Bronxites and residents across the City. My office, along with the Bronx Overall Economic Development Corporation, offer our support to this project and look forward to working with all parties involved to continue to build the borough's economy,” said Bronx Borough President Ruben Diaz Jr.
Dairyland USA Corporation, a subsidiary of The Chefs’ Warehouse, Inc., currently operates and employs approximately 313 people at two separate facilities in the Bronx. Approximately 153 of these jobs are presently located at the 200-240 Food Center Drive site, and the other approximately 160 are located at 1300 Viele Avenue in the Bronx. Through the new lease framework, Dairyland USA Corporation will consolidate all of its existing operations at 200-240 Food Center Drive and grow by an additional 100 jobs over the next five years.
200-240 Food Center Drive is located within the Hunts Point Peninsula, which is home to approximately 800 businesses and over 13,000 employees. Approximately half of the Peninsula is occupied by the City’s primary food distribution facility, the 329-acre Food Distribution Center, which serves over 23 million customers in the greater metropolitan region. The Food Distribution Center is one of the largest such centers in the world, comprised of over 115 private wholesalers operating from the Hunts Point Terminal Produce Market, the Cooperative Meat Market, and the New Fulton Fish Market, which generate more than $3 billion in combined sales annually. The Food Distribution Center is also comprised of parcels leased to other major food and beverage distribution companies like Anheuser-Busch, Baldor Specialty Foods, Citarella, Krasdale Foods, and Sultana Distribution.
The industrial sector is an integral part of the City’s economy that has faced serious challenges in recent decades, but now offers real opportunities for growth and development. Last June, Mayor Bloomberg, in partnership with the City Council, announced 22 initiatives that will revitalize, modernize, and preserve up to 9 million square feet of underutilized industrial space, and create and retain up to 30,000 direct and indirect industrial jobs, generate annual payroll earnings of more than $900 million and more than $150 million in City tax revenue.
The initiatives resulted from an inter-agency review of the City’s industrial policies, led by Deputy Mayor for Economic Development Robert K. Steel, New York City Economic Development Corporation President Seth W. Pinsky, Department of Small Business Services Commissioner Robert W. Walsh and City Planning Commissioner Amanda M. Burden. The review found that while the City’s industrial sector has been declining in line with national trends of 8 percent annually over the past 10 years, there are certain subsectors showing stability and growth. As offshoring costs increase, it is anticipated that industrial activities will continue to grow nationwide. New York City in particular offers unique location-based advantages for industrial activity, including a population of about 8.4 million, access to a large workforce and highly-skilled labor, and one of the nation’s busiest ports based on import volume. The review also found that industrial businesses in the City are challenged by a lack of building stock appropriate for modern industrial uses, higher costs, and difficulty maneuvering City processes. Industrial sectors account for 15 percent of New York City’s overall private employment and more than 23 percent of employment outside of Manhattan, and industrial jobs have a mean wage of $67,000.
New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC projects and initiatives.
The Chefs' Warehouse, Inc. is a premier distributor of specialty food products in the United States focused on serving the specific needs of chefs who own and/or operate some of the nation's leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. The Chefs' Warehouse, Inc. carries and distributes more than 16,700 products to more than 9,800 customer locations throughout the United States.