Chetrit Group’s Williamsburg hotel signs TMPL gym

Truth Social investor and TMPL gym owner Patrick Walsh has sights set on Brooklyn. 

TMPL just inked a 20-year lease for 17,700 square feet of the ground floor and lower level of Hotel Indigo at 500 Metropolitan Avenue in Williamsburg, the Commercial Observer reported. 

KSR’s Eli Yadid, along with Rafi Benor and Nathan Ades, brokered the deal between Walsh and Chetrit Group. The asking price was $60 per square foot. 

Chetrit Group finished the 14-story project in 2017. Hotel Indigo is part of a commercial condo building with seven floors at the corner of Metropolitan Avenue and Rodney Street, Observer reported based upon city property records. Floors eight through 14 are residential units. 

This is the gym’s first location outside of Manhattan. 

Gym tycoon David Barton founded TMPL with its first location in Hell’s Kitchen in 2016. Barton sold it the following year to Walsh, who expanded the chain with five locations across Manhattan, according to its website. 

But its former owner landed in a three-year legal saga with his successor. 

Barton sued two entities owned by Walsh, accusing him of misusing funds to bankroll a lavish lifestyle and to invest $6 million in former President Donald Trump’s Truth Social platform. 

They ultimately settled out of court late last year, The Real Deal previously reported. 

Walsh has also faced legal troubles from within his own company, with two female former TMPL employees claiming sexual misconduct in lawsuits reported last year by the Daily Beast. 

-Christina Previte