In Los Angeles, the yoga and green juice competition is fierce. One business that offered both — as well as colonics, massages, and a full vegan menu — could not survive.
The Springs, a 11,400-square-foot venue that included yoga studios, a vegan restaurant, a wellness center and workspace in the Arts District, is closing after three years in existence, Eater reported.
A contact for the location sent a closing letter to customers on Monday — their last day in service.
(www.thespringsla.com)
Owner-couple Jared Stein and Kimberly Helms paid roughly $102,600 per year for the space at Class-C industrial space at 608 Mateo Street, according to CoStar data.
David Muir from Daum Commercial Real Estate has the listing to find a new tenant.
The Arts District has been a hotspot for trendy development in recent years. Private members club Soho Warehouse broke ground on Sept. 19, just a day after Hudson Pacific Properties revealed renderings showing a renovation of the Maxwell Coffee Building down the street at 405 Mateo Street. [Eater] – Natalie Hoberman