Tavros inks 76,000 s/f lease with Chelsea Piers Fitness at 250 Water St.

Manhattan, NY Tavros, a privately-owned real estate investment management and development firm, has signed a long-term lease agreement with Chelsea Piers Fitness at the planned mixed-use tower at 250 Water St. The New York-based fitness and wellness brand will open a five-story 76,000 s/f fitness club including 9,000 s/f of outdoor space, bringing a wellness community to the Seaport neighborhood. 250 Water St. is one of the last remaining full-block development opportunities in Lower Manhattan and marks the next chapter in the transformation of the historic neighborhood with the creation of 600 apartments, 25% of which will be affordable, and commercial space anchoring the building’s at-grade space and podium. Atlantic Retail is handling the leasing for the 35,000 s/f ground floor retail space that features high ceilings and an at-grade loading dock. 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. Their commitment to Lower Manhattan reinforces what we saw in 250 Water St. from day one — a once-in-a-generation opportunity to deliver housing, retail, and world-class amenities at the heart of one of New York’s most historic neighborhoods.”

“Lower Manhattan is one of the fastest-growing residential neighborhoods in New York City,” said David Tewksbury, CEO and co-founder of Chelsea Piers Fitness. “Our club at 250 Water St. will be expansive - full of light, beautiful indoor and outdoor spaces, as well as a new home to showcase our best-in-class fitness programming which we know the community will love. We’re excited to partner with Tavros to bring our premier fitness experience to the neighborhood — a true third space for health and fitness enthusiasts to connect and grow together.”

250 Water St. will be an exciting addition to Chelsea Piers’ rapidly expanding portfolio of market-leading wellness clubs across New York City and Connecticut as the company celebrates 30 years. Designed as a full-service destination for fitness, health, and sports, the facility will offer residents and the growing residential community access to a experience, meeting an unmet need for the area. This new location will build on Chelsea Piers’ continued commitment to building neighborhood-rooted clubs designed for longevity, connection, and everyday wellbeing.