Life Time and Life Time Work to Headline Expansive Luxury Athletic Club and Coworking Offerings at JDS Development’s Brooklyn Tower
Posted: May 18, 2022 in Chains
Life Time – The Healthy Way Of Life Company
BROOKLYN, N.Y. – JDS Development Group and Life Time Group Holdings, Inc. (NYSE: LTH), one of the nation’s premier wellness brands, announce Life Time and Life Time Work will headline and operate the expansive amenity offering at The Brooklyn Tower located in Downtown Brooklyn at the intersection of Fleet Street, DeKalb, and Flatbush Avenue Extension.
The planned 2023 opening will bring Life Time’s athletic club experience and first announced Life Time Work premium coworking space in New York City within Brooklyn’s first supertall tower. In total, Life Time is leasing and operating 100,000+ square feet, further expanding Life Time’s rapidly growing presence in New York City. Life Time at The Brooklyn Tower will be a premier location in Brooklyn, marking a key expansion into one of the city’s fastest growing, and most actively minded, communities.
“As part of our continued New York City expansion strategy, we’re collaborating with like-minded developers focused on providing elevated, convenient, healthy lifestyle-focused experiences in iconic locations,” said Parham Javaheri, Chief Property Development Officer at Life Time. “The Brooklyn Tower is truly unique in its history and its future, and we’re proud to work with JDS and their teams to support residents and the surrounding community with our unparalleled healthy way of life programs and services.”
Life Time at The Brooklyn Tower will be designed as a seamless extension of the building’s overall look and feel and will provide luxurious environments for residents and members seeking unmatched healthy living and wellness experiences in an inclusive community, including: five studios for barre, cycle, group fitness, Pilates, and yoga led by the city’s most sought-after instructors; and an expansive fitness floor for individual and small group training classes led by certified trainers and coaches utilizing top-of-the-line cardio and strength equipment. Other amenities include a beautifully designed recovery space with chiropractic services; LifeCafe fast casual restaurant and phenomenal indoor and outdoor spaces and pools for social events and resort-like experiences.
The Brooklyn Tower will also be home to Life Time’s first Life Time Work premium coworking destination in New York City. Life Time Work combines innovative working environments and amenities focused on providing all that is needed for a healthy and fulfilling work life and is all connected to the Life Time experience. Once open, Life Time Work will provide private and open-plan workspaces and conference rooms for working professionals through over 15,000 square feet. Life Time Work currently operates eight destinations across the country with three openings later this year. The offering is well positioned for Brooklyn’s booming technology and creative sectors with nearby headquarters of major companies including Brooklinen, Etsy, Food52, JP Morgan Rent the Runway and West Elm.
“The Brooklyn Tower continues to push the boundaries of what is possible, redefining the skyline and delivering a new pedigree of architecture and an unmatched compilation of amenities.” said Michael Stern, Founder and CEO of JDS Development Group, the developer and builder of the project. “As our partner, Life Time infuses health, wellness, and community to this first-of-its-kind offering in Brooklyn.”
The Brooklyn Tower is designed by SHoP Architects in collaboration with Gachot Studios and Krista Ninivaggi of Woods Bagot and will offer over 120,000 square feet of immersive indoor and outdoor amenities. Life Time will operate The Dome Pool and Terrace, a creative reimagining of the Dime Savings Bank of Brooklyn’s roof deck featuring three dramatic outdoor pools that surround the historic bank’s immense Guastavino dome: a 75′ adult lap pool, kids pool, and whirlpool sundecks; a hammock lounge, an outdoor dining area, barbeque grills, lounge seating, fire pit, and outdoor showers. Other amenities under the brand’s wing will include a double-height poolside lounge and cocktail bar, private dining, and lounge space.
Newmark and Atlantic Retail brokered the Life Time at The Brooklyn Tower transaction; Senior Managing Directors Jackie Totolo, and Peter Whitenack, and Associate Director Pierce Thompson represented ownership, while Joe Mastromonaco of Atlantic Retail represented Life Time. With the addition of Life Time at The Brooklyn Tower, just two retail spaces for lease remain at the iconic property. The most renowned space is the landmarked Dime Savings Bank of Brooklyn’s historic hall, with over 50,000 square feet along the ground and lower levels and features the bank’s storied vaults, clocks and balconies. The second available space is in the new construction portion of the tower’s podium spanning 3,195 square feet with a commanding presence on the corner of Flatbush Avenue Extension and Fleet Street.
The Brooklyn Tower stands at 93 stories and over 1,000 feet in height—a prominent new landmark for the borough. The project is designed by award-winning SHoP Architects with residential interiors by AD 100 Gachot Studios and amenities designed by Krista Ninivaggi of Woods Bagot. The tower is thoughtfully connected to the historic Dime Savings Bank of Brooklyn and anchors a thriving residential neighborhood in Downtown Brooklyn. The Brooklyn Tower’s sales commenced earlier this year and the building anticipates construction completion and occupancy towards the end of 2022, with residences for lease available by late summer 2022, creating a vibrant new mixed-use destination for New York City.
Residences at The Brooklyn Tower range from studios to four bedrooms. Studios start at approximately $875,000; one-bedrooms start at approximately $1.2 million; two-bedrooms start at $2.4 million; two-bedrooms with home office start at $3.5 million; three-bedrooms start at $2.95 million; and four bedrooms start $5.9 million and range to approximately $8 million. Douglas Elliman is the exclusive marketing, sales, and leasing agent for The Brooklyn Tower.
