There could also be a time when Life Time doesn’t snag massive websites throughout New York Metropolis, however now is just not that point.
The well being membership and health chain signed a lease for 71,000 sq. ft at Double U Improvement’s venture in Williamsburg, the New York Enterprise Journal reported. Monetary phrases of the deal at 83 Wythe Avenue weren’t disclosed.
The membership’s presence on the four-story business growth will embrace water- and recovery-centric facilities, in response to the tenant. A rooftop social membership may be on the desk, which would come with meals, drinks and a pool deck.
The developer behind the venture didn’t return a request for remark from the publication. The redevelopment of the previous one-story industrial property is predicted to be accomplished by the autumn.
As of roughly a yr in the past, Double U’s portfolio spanned roughly 10 properties, together with multifamily, workplace and business buildings. Final Might, Michael Weitzman’s agency filed permits to transform a historic Greenpoint constructing at 144 Greenpoint Avenue right into a six-story mixed-use constructing with retail house and 35 flats.
Whereas Double U was increasing its presence in New York, Life Time was exploding throughout the 5 boroughs.
Final yr, Life Time signed a 20-year lease at PBC’s 10 Bryant Park, which proved to be the third-largest retail lease of the yr in Manhattan. The house, anticipated to open early subsequent yr, is about to incorporate a co-ed moist suite, a steam room, a sauna, a cold-plunge pool, health studios, coaching areas, spas, a coworking house and a library.
The corporate’s presence was additionally felt in Brooklyn, the place it signed the second-largest lease of the yr between that borough and Queens. It inked a five-year lease for an 80,000-square-foot house at Silverstein Properties’ Brooklyn Tower.
The health club will occupy seven flooring of the huge 74-story, 550-unit tower at 9 Dekalb Avenue. Asking lease was $115 per sq. foot, in response to Industrial Observer. The house will function a rooftop pool, cold-plunge pool, steam room and coworking and coaching areas.
Learn extra
Historic Brooklyn event space slated for residential pivot
Luxury gyms lead Manhattan’s 2025 retail leases
Classrooms and clubs: Top Brooklyn and Queens retail leases
