Newmark Secures First Florida Location for NYC-Based Restaurant Concept Ketchy Shuby in West Palm Beach

December 1, 2025 10:00 AM

Newmark announces the Company has arranged a 13,083-square-foot lease on behalf of New York City-based restaurant and nightlife concept Ketchy Shuby at 114 S. Olive Avenue in West Palm Beach, Florida. The transaction marks Ketchy Shuby’s Florida debut and represents the largest food and beverage lease in Palm Beach County year-to-date. Newmark Managing Director Mitch Heifetz represented the tenant in the transaction.

“West Palm Beach continues to see tremendous momentum with new office and residential development, creating a dynamic environment for hospitality growth,” said Heifetz. “Ketchy Shuby’s arrival adds to a growing roster of high-profile restaurants in the city, further reinforcing West Palm Beach’s reputation as a premier dining and nightlife destination.”

Expected to open in fall 2026, Ketchy Shuby will transform the three-story downtown building at 114 S. Olive Avenue with a ground-floor restaurant, a second-floor nightclub and lounge and a rooftop venue, joining recent and upcoming additions like Estiatorio Milos and Pastis to the city’s vibrant dining scene.

Founded in 2023 by hospitality veteran Jamie Mulholland, Ketchy Shuby is a sensorial, community-focused concept that combines thoughtful design, curated music and immersive lighting. The menu features globally influenced New American cuisine with plant-based options and classic favorites. By night, the space transforms into a high-energy lounge with local and international DJs. Ketchy Shuby operates two existing locations in Lower Manhattan and Southampton, New York (Ketchy Beach).

“My team and I couldn’t be more excited to bring Ketchy Shuby to West Palm Beach,” said Jamie Mulholland, Owner of Mulholland Leisure. “I knew once we came across this building that it was the right home for our next chapter. The city’s energy, growth and sense of community align perfectly with what we’ve built in New York. Securing the largest food-and-beverage lease in Palm Beach County this year only adds to the excitement, it shows how much confidence we have in this market and how much potential we see in its future. We can’t wait to create something truly special here.”

Constructed in 1923 and renovated in 2016, 114 S. Olive Avenue is a historic landmark that blends a charming architectural façade with modern functionality. The property is steps from CityPlace, the waterfront and the area’s top dining, shopping and entertainment destinations, with immediate access to I-95 and Palm Beach International Airport.

According to Newmark Research, U.S. retail absorption returned to net positive in the third quarter of 2025, an unexpected development. Sunbelt markets continue to outperform, remaining strong in both total absorption and absorption rate.

The landlord was represented by Bastian Schauer and Tom Volini of Colliers.

[1] According to Newmark Research

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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