There have by no means been extra high-end locations to work out in Manhattan.
If one sort of retail location dominated The Actual Deal’s record of largest leases this 12 months, it was the gymnasium. Chelsea Piers, Life Time and Equinox all devoured up tens of hundreds of sq. ft for Large Apple expansions. They have been joined by one other wellness participant, Neko Well being.
It’s a stark distinction from final 12 months’s rankings, when not one wellness location cracked the highest ten retail leases. However massive, luxurious well being golf equipment are having a bet that Manhattanites pays prime greenback for resort-like facilities and whole-body companies, like therapeutic massage remedy, vitamin teaching and so-called metabolic assessments.
That explosion has been accompanied by different retail wellness booms, just like the spate of sauna concepts opening doorways downtown.
“We’re a lot past the standard health membership the place you run on a treadmill or elevate some weights,” Keith DeCoster, vice chairman of market knowledge and coverage on the Actual Property Board of New York, advised TRD earlier this 12 months.
Listed here are Manhattan’s prime retail leases of 2025, ranked by sq. footage. All knowledge is present via November.
Meow Wolf | South Road Seaport | 75,000 sq ft
Meow Wolf is an artwork firm targeted on interactive and immersive reveals. Seaport Leisure Group introduced in March that Meow Wolf will open its seventh everlasting exhibition — first on the East Coast — on a number of flooring of Pier 17, technically 89 South Road.
CBRE was the twin leasing agent. Mary Ann Tighe, Gerry Miovski and Evan Haskel represented the owner, whereas Cassie Durand, Sacha Zarba and Aylin Gucalp represented the tenant.
Outdated Navy | Garment District | 55,000 sq ft
Outdated Navy has been on the transfer. The Hole-owned attire model introduced its exit from its flagship house at Vornado Realty Belief’s 150 West thirty fourth Road final 12 months, leaving the Herald Sq. lot open for Primark to swoop in on the largest lease of 2024. This 12 months, nonetheless, Outdated Navy inked a 15-year lease at JEMB Realty’s Herald Towers, at 50 West thirty fourth Road.
Hole Inc.’s actual property group and Newmark’s Ariel Schuster represented Outdated Navy within the deal. JEMB subsidiary LMJ Realty represented the owner in-house.
Life Time | Grand Central | 52,000 sq ft
Life Time signed a 20-year lease at PBC’s 10 Bryant Park. The house will embrace “co-ed moist suite, a steam room, a sauna, a cold-plunge pool, health studios, coaching areas, spas, a coworking house and a library,” TRD reported earlier this 12 months.
Atlantic Retail’s Joe Mastromonaco brokered the deal on behalf of the tenant. JLL brokers Patrick Smith and Paul Glickman represented the owner.
Equinox | Chelsea | 50,000 sq ft
Maintaining with the competitors, Equinox, an OG luxurious New York gymnasium, signed a long-term lease throughout three floors of Terminal Warehouse, at 261 eleventh Avenue. It was among the many first tenants on the redeveloped Nineteenth-century warehouse, which is being transformed to workplace and retail house by L&L Holding Firm and Columbia Property Belief. L&L bought the 12-story constructing with an organization since acquired by Columbia in 2018 for $880 million.
Newmark’s Jeff Roseman represented Equinox. A Cushman & Wakefield group together with Alan Schmerzler, Catherine Merck and Sean Moran represented the owner.
Convene Hospitality | Chelsea | 50,000 sq ft
Additionally in Terminal Warehouse, Convene Hospitality Group signed a deal for 50,000 square feet from L&L and Columbia. The group is planning to open an occasion house known as The Mallory on the identical three flooring as Equinox, though in a special part of the historic constructing.
CBRE’s Rocco Laginestra represented CHG. The identical Cushman & Wakefield group as above, Alan Schmerzler, Catherine Merck and Sean Moran, represented the owner.
Chelsea Piers | Hudson Sq. | 48,833 sq ft
Chelsea Piers Administration, as soon as a inventive re-use of business waterfront house, is increasing its profile as a premier health location. Growth is a part of this push. In its largest of two leases signed this 12 months, the corporate plans to take 48,833 sq. ft on the base of GFP Real Estate’s 200 Varick Street. The deal was reported in CBRE’s third-quarter retail report however brokerage particulars weren’t disclosed.
Chelsea Piers | Billionaire’s Row | 47,000 sq ft
Chelsea Piers Administration’s second-biggest lease of the 12 months was on the floor ground of 135 East 57th Road on Billionaires’ Row. TF Cornerstone, the owner, is planning to redevelop the 32-story workplace tower right into a 350-unit residential constructing.
The story was first reported by the New York Publish and brokerage particulars weren’t disclosed.
Outdated Navy | Chelsea | 45,000 sq ft
Outdated Navy renewed its lease at 610 Sixth Avenue this 12 months, in response to Cushman & Wakefield’s first-quarter report. The shop there was open since not less than 1997, in response to WWD.
The constructing is owned by a belief linked to the household of Sol Goldman, in response to metropolis data.
Neko Well being | Higher West Facet | 42,151 sq ft
Neko Well being is planning for 42,000 sq. ft at 15 Central Park West. The lease was disclosed in Cushman & Wakefield’s third-quarter Manhattan retail report. The corporate, which affords full-body well being scans, was began by Spotify co-founder Daniel Ek. 15 Central Park West is a 35-story apartment constructing developed by Arthur and William Lie Zeckendorf.
Neither Neko Well being nor the brokerage group at 15 Central Park West instantly responded to a request for remark.
Aritzia | Soho | 30,000 sq ft
Canadian clothier Aritzia prolonged its lease at 560 Broadway, with GFP Actual Property, the Business Observer reported. The womenswear firm signed its authentic lease within the former Dean & Deluca’s spot in 2020, initially utilizing it as a pop-up.
Neith Stone, Donna Vogel and Jeffrey Gural represented GFP in-house, the Observer reported. Ariel Schuster and Jason Wecker brokered the deal for Aritzia.
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