Tavros, a privately-owned real estate investment management and development firm, today announced the signing of a long-term lease agreement with Chelsea Piers Fitness at the planned mixed-use tower at 250 Water St. in Lower Manhattan. The New York-based fitness and wellness brand will open a five-story, 76,000-square-foot fitness club including 9,000 square feet of outdoor space.
Tavros acquired 250 Water St. in February with Atlas Capital and expects construction to break ground this coming winter. The 250 Water St. lease represents the second project in which Tavros and Chelsea Piers Fitness have partnered to deliver a market-leading fitness club.
“When we acquired 250 Water St., our vision was to deliver not just housing but a complete neighborhood asset for the Seaport — and a best-in-class fitness community destination was central to that,” said Colin Rankowitz, partner of Tavros. “Chelsea Piers Fitness builds clubs people actually love — clubs that bring people together and create community — and we’re proud to partner with them for a second time.”
