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Two years after Time Out Market abruptly shut down on Miami Beach, leaving vendors with only two hours’ notice before its closure, the massive food hall space at 1601 Drexel Ave. is getting a new tenant. City Food Hall, a Miami-based hospitality group with locations in Gainesville and Orlando, has signed on to take over the roughly 20,000-square-foot site just off Lincoln Road. The new food hall is slated to open in summer 2026.
The expansion marks a major step for City Food Hall, which has been quietly expanding its footprint across Florida and plans to expand outside the Sunshine State. The brand has additional outposts planned in Athens, Georgia, and Las Vegas, part of what it calls an effort to “redefine the food hall experience.”

Photo by Deepsleep Studio
Filling the Void Left by Time Out
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The building previously housed Time Out Market, a vibrant concept that opened in 2019 with local heavyweights such as Michael Beltran, Norman Van Aken, Cesar Zapata, and Giorgio Rapicavoli. It was meant to be a culinary showcase for the city, but it struggled through pandemic shutdowns and never fully recovered. The market closed in June 2023 after vendors said they were given only a few hours’ notice of the shutdown.
Now, City Food Hall is promising a reset. CEO and founder Peter Rounce said the new concept aims to “celebrate diversity and excellence” through a mix of all-day dining and spaces meant for socializing. “Our passion for genuine hospitality is at the heart of everything we do, and we can’t wait to bring that energy to Miami Beach,” Rounce said in a press release announcing the food hall.

City Food Hall Orlando photo
A New Player on Lincoln Road
This project is occurring at a time when Lincoln Road is undergoing a $29 million city-led refresh, featuring upgraded sidewalks, lighting, and outdoor seating. It’s one of many new investments reshaping the pedestrian mall’s dining and retail mix.
Miami designer Camila Dulcetti of Nova Design has been tapped to reimagine the space, which will house multiple chef-driven concepts under one roof. The lineup of vendors hasn’t been announced yet, but the company says the goal is to create a more “dynamic, community-centered” experience than the traditional food hall model.
City Food Hall.1601 Drexel Ave., Miami Beach; cityfoodhall.com. Scheduled to open summer 2026.