Dallas construction outfit on Gold’s Gym expansion files for bankruptcy

Echelon Construction was working on RSG Group’s statewide expansion of the brand of fitness centers

Echelon Construction's Shawn R. and RSG Group's Rainer Schaller (LinkedIn, Getty, Illustration by The Real Deal)
Echelon Construction's Shawn R. and RSG Group's Rainer Schaller (LinkedIn, Getty, Illustration by The Real Deal)

A Dallas construction firm working on RSG Group’s expansion of Gold’s Gym locations across Texas has filed for Chapter 11 bankruptcy.

Echelon Construction filed for bankruptcy last week in the Northern District of Texas, declaring a minimum of $1,000,000 in liabilities and between $50,000 to $100,000 in current assets. The company did not return calls for comment on the details of the filing.

Sign Up for the undefined Newsletter

Currently, Echelon has a substantial portfolio of projects across various sectors in Texas and surrounding markets, including RSG Group’s Gold’s Gym facilities. RSG has recently been expanding its presence in Texas, particularly in the Dallas-Fort Worth area, already adding three facilities this year ranging from 22,000 to over 30,000 square feet.

Echelon has various other retail, hospitality and office projects across Dallas and the surrounding areas, such as an 11,520-square-foot office facility for Healthcare Trust of America in North Cypress and at least three in-progress restaurant sites that are in planning stages, according to the company’s website.

Read more

A previous rendering of the Wade Park project with Judge Lewis Liman (Wakefield Beasley & Associates, Columbia University)
Development
Dallas
Federal judge reopens ‘loan-to-own’ lawsuit over troubled $2B DFW development
Commercial
Dallas
‘Edgemere is a sinking ship,’ says landlord in countersuit against senior home