Magnificent: Time Out Market to open in Budapest’s renewed mall soon! – PHOTOS

Budapest will soon be home to Time Out Market – the food and cultural market that brings the best of the city together under one roof: a curated mix of the best local and home-grown chefs, restaurateurs, drinks and cultural experiences.

Time Out Market Budapest is set to open in 2025 at Corvin Palace at Blaha Lujza Square. The historic department store first opened in 1926 and has recently been renovated back to its original neoclassical state and redeveloped as a mixed-use real estate property offering retail, leisure and a hotel.

The renovated facade of the building of the Corvin Department Store (Corvin Palace). Source: Facebook/Karácsony Gergely

Across around 25,000 sq ft indoors on the first floor and a further 9,000 sq ft outdoors on the rooftop, Time Out Market Budapest will feature 14 kitchens, four bars, one event space and around 800 seats. There will be plenty of space to celebrate outstanding culinary and cultural talents – all of them will be local and home- grown from Budapest and the wider region. Guests will be able to enjoy food from award-winning chefs, much-loved local gems and up-and-coming restaurateurs, sip a variety of drinks including cocktails from the most creative mixologists and experience culture and entertainment from rising local talents.

While Time Out Market is dedicated to showcasing the best of the city, its philosophy is to make top, home- grown culinary and cultural experiences accessible for all, with guests coming together at communal tables in a uniquely designed space.

Time Out Market brings the best of the city to the Corvin Palace

Making the people of the city feel at home and a close connection with the city is at the heart of the Time Out Market philosophy which is dedicated to working with local companies and suppliers. As a meaningful addition to the neighbourhood, it will bring significant contribution to the local economy through employment across a variety of skills and new opportunities for home-grown talent.

Photo: Time Out Market

To curate a Time Out Market, the team will come up with a list of the types of cuisines that make a city the vibrant culinary destination it is to then curate a list of the leading, most exciting and most aspirational local representatives in these cuisines. Part of this process is to try and test to find the best of the city right now and then invite the very best to join. But this is not just about ‘big names’; the city’s up-and-coming chefs and much-loved local gems will also be proudly featured.

This will be Time Out Market’s first location in Hungary. The first Time Out Market opened in 2014 in Lisbon as the world’s first editorially curated food and cultural market and further Time Out Markets opened around the world, putting a spotlight on the food and culture scenes of these cities and their diverse talents – while this is now a concept popular across several cities, the execution of each Market is distinctly local.

Discover the exciting new urban cultures

Time Out Market is rooted in the heritage of Time Out – a publication created at a kitchen table in London in 1968 to help people go out better and discover the exciting new urban cultures that had started up all over the city. Today, a global team of local expert journalists curate and create the best things to do, see and eat in 333 cities in 59 countries across websites, social media, video, newsletters, podcasts and live events; now this curation is also brought to life at Time Out Market.

Sandy Hayek, Time Out Market CEO said: “Budapest is amongst Europe’s most beautiful and buzzy cities in which both locals and tourists love to go out – to open a new Time Out Market in one of the city’s top locations, together with our partners in Budapest, is very exciting for us. The food scene is a great reflection of the city itself: Budapest offers both traditional, classic and modern, hip elements – it has a vibrant and diverse food scene which we will bring together under one roof at Time Out Market Budapest.”

Olivér Balogh and Viktor Balogh – minority owners of Corvin Palace – added: “Corvin Palace is the oldest department store in Budapest – we are proud to have now brought it back to its original glory, whilst creating value through a modern mixed-use of this legendary building. This is an ambitious project, so our goal was to include an iconic food and cultural market to complement the high-quality retail and leisure offerings as well as a hotel already signed – we are delighted to be welcoming Time Out Market Budapest to Corvin Palace soon.”

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