Eataly Is Making Mario Batali, Joe Bastianich Very Happy
Recipe of the day
- What Did The World's Most Notorious Criminals Request for Their Last Meals?
- ‘World’s Hottest Burger’ is Doused in Hot Sauce and Literally Set on Fire
- KFC is Launching Edible Coffee Cups Made of Cookies and Chocolate
- Fermented Shark and 10 More of the World’s Stinkiest Foods
- Foods That Make You Feel Fuller Longer
- Where to Eat America's Best Macaroni and Cheese
- Bobby Flay Has Found the Best Focaccia in the World
- Days Before Ending Service, Cinnamon Snail Food Truck In Such High Demand that Line Limits are Imposed
- Here are the James Beard Foundation’s Five Picks for the 2015 America’s Classic Award
- A Sriracha Quesarito is Headed to Taco Bell
Given Eataly's reputation as an awe-inspiring behemoth of Italian deliciousness, it's no surprise the food hall is a huge money-maker. But The New York Times reports that it's even more successful than investors imagined.
Eataly celebrates its second anniversary on Friday, and according to Joe Bastianich and Mario Batali, the expected revenue from Eataly's second year is some $85 million, or $1,700 per square foot a year, according to restaurant consultant Malcolm M. Knapp. That's a $15 million jump from the first year.
Now, Eataly makes up a third of the $250 million that Batali & Bastianich Hospitality Group rakes in every year.
Of course, it's not just the Eataly store in New York raking in the big bucks; Eataly has 19 total outposts, in Italy, Japan, and New York.
So what's next for the Eataly chain? Last we heard, they were shopping around in Chicago, Los Angeles, and São Paulo. Chicago has been talked up recently, and Bastianich spills that it may have more restaurants than New York's Eataly, which has seven restaurants. "We are narrowing our search for a 60,000- or 70,000-square-foot space in the retail heart of Chicago," he told The Times.
Be a Part of the Conversation
Join the Daily Meal's Community and Share your Thoughts