SL Green Announces Chelsea Piers Fitness as Flagship Retail Tenant at One Madison Avenue
20 Ottobre 2021 - 10:05PM
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office
landlord, today announced that Chelsea Piers Fitness has signed a
55,780 square foot, 20-year lease covering portions of the ground,
second, B1 and B2 levels of the Company’s 1.4 million square foot,
Midtown South office tower development at One Madison Avenue.
Located adjacent to Madison Square Park between Park and Madison
Avenues, Chelsea Piers Fitness is the building’s first tenant and
is the foundation of an amenity-rich and curated retail collection
at its base. This will be the fitness facility’s fourth location
and second in Manhattan.
“Chelsea Piers is a best-in-class operator who shares the same
belief as SL Green, that New York City is the greatest and most
resilient city in the world and that One Madison Avenue will be the
standard for the future work environment,” said Brett Herschenfeld,
Managing Director at SL Green Realty Corp. “This state-of-the-art
facility will deliver every fitness product and experience
available in the market today, as well as new concepts and
technology, which will set the high bar for health and wellness
just as One Madison will set the high bar for new, sustainable
office development.”
“Chelsea Piers Fitness creates incredible spaces and facilities
where our members can train, achieve their goals and be a part of
an engaged, inclusive, fitness and social community,” said David
Tewksbury, CEO & Co-Founder at Chelsea Piers Fitness. “One
Madison Avenue is an unrivaled location and will be an iconic
destination in one of Manhattan’s most active neighborhoods. We
look forward to partnering with the SL Green team to further our
goal of creating modernized, one-of-a-kind fitness
experiences.”
Together with its joint venture partners, the National Pension
Service of Korea and Hines, SL Green’s development of One Madison
Avenue will transform the existing full-block structure into a
27-floor, state-of-the-art office tower with cutting-edge
infrastructure, best-in-class healthy work environment and a
forward-thinking amenity program.
One Madison Avenue will combine the elegance of the existing
limestone building together with more than 500,000 square feet of
new, virtually column free construction. Health and wellness is
paramount to the building design with the inclusion of DOAS HVAC,
which circulates 100% fresh outside air. New, oversized floor to
ceiling windows in the podium and a continuous curtain wall in the
tower will flood the floors with natural daylight. Mega-sized roof
terraces will provide a one-of-a-kind opportunity to create
indoor/outdoor, work/entertainment space. In addition to Chelsea
Piers, amenities are currently anticipated to include a 13,000
square foot upscale restaurant, 10,000 square foot artisanal dining
market and 7,000 square foot tenant-exclusive lounge with direct
elevator access to a 10,000 square foot rooftop deck.
Chelsea Piers Fitness was represented by Erin Grace and Matt
Ogle of JLL.
About SL Green Realty Corp.SL Green Realty
Corp., Manhattan's largest office landlord, is a fully integrated
real estate investment trust, or REIT, that is focused primarily on
acquiring, managing and maximizing value of Manhattan commercial
properties. As of September 30, 2021, SL Green held interests in 76
buildings totaling 35.3 million square feet. This included
ownership interests in 27.2 million square feet of Manhattan
buildings and 7.3 million square feet securing debt and preferred
equity investments.
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SLG – LEAS
Matt DiLibertoChief Financial Officer(212) 594-2700
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