Sawmill Market Adds More Food Tenants for February Opening
August 7, 2019 – When the Sawmill Market food hall opens next year, it will debut with an eclectic showcase of local restaurants, both new and existing.
Sawmill Market is scheduled to open in February with restaurant tenants including Tulipani Pasta, Naruto Ramen, Cacho’s Bistro, HAWT Pizza Co. and Paxton’s, a new taproom. Albuquerque-based Hart Design and Construction is the general contractor on the $20 million project, located at 1909 Bellamah Ave. in the Sawmill District neighborhood.
Heritage Hotels & Resorts Inc. CEO and founder Jim Long, who is leading the development of Sawmill Market, said the goal for the space was to create a curated food environment. He said it’s no coincidence the restaurant tenants are all local restaurateurs and entrepreneurs.
“We want to support local eateries,” Long said, adding he didn’t want to populate the food hall with national brands. “We were looking for something that is unique to our state. This is really going to make Sawmill unique and special.”
Long said his team reached out to each of the restaurant tenants.
“It’s a nice mix of folks, with some with 25 years of experience and some who are new,” he said, noting three of the restaurants are woman-owned.
The restaurant spaces are about 1,000 square feet on average. Instead of rent, Sawmill Market will charge tenants 8% of their sales. Long said that arrangement will afford the tenants the opportunity to get into the space without a tremendous capital investment. Long said Sawmill will benefit when the restaurants succeed. He said he sees this lease model as helping the market serve as an incubator.
“This helps them invest in their operations,” he said. “This model is different than the traditional real estate development model where you try to maximize every spare foot.”
Read more about the individual restaurants in the accompanying slideshow: