Page 20 - February #178

The Best of the Best

Comprising Time Out Media and Time Out Market, Time Out Group is a leading
global media and hospitality business that inspires and enables people to discover
and experience the very best that a city has to offer. In this interview we get a unique
chance to speak with Jay Coldren, Co-CEO of Time Out Market (Development) to
learn more about the fascinating concept Time Out Market and what it offers patrons.

he idea of uncovering the very best of what a city has to and Manhattan Bridge.
offer has been at the forefront of Time Out’s thinking “Meanwhile the most recent Management Agreement Market which
Tsince it began life 55 years ago. Today, the brand is the we opened in 2021 is Time Out Market Dubai, together with Emaar
only global one dedicated to city life and they have expert journalists Malls. It is located in the Souk Al Bahar with incredible views from a large
curating and creating content about the best things to Do, See and wraparound outdoor terrace which overlooks the Dubai Fountain and
Eat across 333 cities in 59 countries via websites, mobile, social the Burj Khalifa. Fully licensed, the concessions are complemented by
media, video and live events. three bars. Within a short time, it has become a key culinary and cultural
The concept of Time Out Market is deeply connected to this heritage destination in the region thanks to an outstanding curation of home-
and it represents a perfect brand extension. It was Time Out Lisbon’s grown chefs and restaurateurs which is reflective of Dubai’s hospitality
editorial team who came up with the idea to bring the brand ethos to life scene which goes from strength to strength,” explains Jay Coldren, Co-
in a physical space by bringing the best for the city together under one CEO of Time Out Market (Development).
roof and thus, Time Out Market was created, becoming the first food In addition to the seven that are already open, there are seven new
and cultural market based on editorial curation. locations that are signed for and due to open in the coming years, the
After opening its first site – Time Out Lisbon – in 2014 to great success, next three confirmed to launch are the sites in Porto and Cape Town
the concept has since grown to seven Markets currently operating later this year and Vancouver in 2024.
around the world. In 2019 Time Out Market Miami, New York, Boston, Another exciting edition to the portfolio was announced at the end
Montreal and Chicago opened and Dubai followed in 2021. of last year the company entered into a Management Agreement with
The business currently has two different operating models for Diriyah Gate Development Authority to create a new Time Out Market
Time Out Market: Owned & Operated (O&O) and Management in Riyadh at Diriyah Square, the commercial, retail and lifestyle centre of
Agreements – the latter is what they are mostly focusing on at the 5.5 square mile Diriyah development.
the moment. Bringing Riyadh’s best chefs, restaurateurs and cultural experiences
“New York is a great example of an O&O Market. It is an iconic together under one roof, the Market will be positioned across 95,000sq
location in Dumbo, Brooklyn that occupies two floors of the historic ft and two levels, featuring 23 kitchens, five beverage serveries, multiple
Empire Stores. The ground floor hosts culinary concepts and two bars stages, event and exhibition spaces, a demonstration kitchen, kitchen
and the fifth floor there are additional chef-driven eateries, a bar, a stage academy and kitchen lab.
for cultural experiences and an outdoor rooftop overlooking the East “It is our ambition and strategy to open more Time Out Markets
River, offering spectacular views of Manhattan’s skyline, Brooklyn Bridge around the world. Interest from possible partners in our proposition

Time Out Market
Chicago, US