Planet Fitness gains 22K sf in one day at Essex Crossing

Gym says it's taking entire second floor at 145 Clinton Street, but will it even show up?

New York /
Sep.September 15, 2015 04:25 PM

The Essex Crossing development on the Lower East Side is bulking up its tenant mix with the announcement that a Planet Fitness will take 22,000 square feet of space at the mixed-use project.

The national gym chain agreed to take the entire second floor of 145 Clinton Street, a 15-story building that will hold 211 rental units and 70,000 square feet of retail space on its basement, first and second levels. Asking rent for the second floor space is about $100 per square foot.

Delancey Street Associates – a partnership among BFC Partners, L+M Development Partners and Taconic Investment Partners – is building Essex Crossing. The group recently broke ground on two of the nine buildings at the project, 145 Clinton Street and 115 Delancey Street, and plans to finish both in 2017, according to Crain’s.

In recent months, Regal Cinemas agreed to take 65,000 square feet at 115 Delancey Street while NYU Langone Medical Center announced it will open a 40,000-square-foot facility at Essex Crossing. Meanwhile, the developers plan on leasing 146 Clinton Street’s 30,000-square-foot basement space to a grocer, with Trader Joe’s among those in discussions.

The entire Essex Crossing development is slated for completion in 2021, and will offer 1,000 residential units as well as 250,000 square feet of office space and 600,000 square feet of retail. [Crain’s]Rey Mashayekhi


Related Articles

arrow_forward_ios
From left: 11 Madison Avenue, Beam Suntory CEO Albert Baladi and SL Green CEO Marc Holliday (Photos via Beam Suntory; SL Green)
Beam Suntory will move HQ to 11 Madison Ave from Chicago
Beam Suntory will move HQ to 11 Madison Ave from Chicago
Yelp's 11 Madison and PWC's 300 Madison. (SL Green, Brookfield)
Yelp, PwC test options on Manhattan’s sublease market
Yelp, PwC test options on Manhattan’s sublease market
Four Points by Sheraton Midtown at 326 W 40th Street (Google Maps; iStock)
Recipe for success? Ghost kitchens cut deals with empty hotels
Recipe for success? Ghost kitchens cut deals with empty hotels
Photos courtesy of HAP Investments
HAP Investments unveils new plans for Jersey City high-rise
HAP Investments unveils new plans for Jersey City high-rise
Photo Illustration of BioMed Realty CEO Tim Schoen and Alexandria Real Estate Equities CEO Joel S Marcus. (Getty, BioMed)
Life sciences boom continues with 36M sf in works
Life sciences boom continues with 36M sf in works
From left: Flex’s Shragie Lichtenstein; Piñata’s Lily Liu; NestEgg’s Eachan Fletcher; and Till’s David Sullivan
These startups want to guarantee your rent
These startups want to guarantee your rent
Clockwise from top left: Seattle, Boston and New York City (Photo Illustration by Kevin Rebong for The Real Deal)
Real estate prices fell more in Manhattan than anywhere else in 2020
Real estate prices fell more in Manhattan than anywhere else in 2020
What last year’s biggest real estate lawsuits mean for 2021
What last year’s biggest real estate lawsuits mean for 2021
What last year’s biggest real estate lawsuits mean for 2021
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...