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New York & Tri-State  + Downtown New York  + Retail  | 
Chelsea Piers Fitness rendering One Madison Avenue Manhattan SL Green Realty Corp.

Chelsea Piers Fitness Signs Lease as Flagship Retail for One Madison Ave.

SL Green Realty Corp. signed Chelsea Piers to a 55,780-square-foot, 20-year lease as the flagship retail tenant at One Madison Ave., its 1.4-million-square-foot office development in Midtown South. It 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.  

“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,” he continued. 

Chelsea Piers Fitness was represented by JLL’s Erin Grace and Matt Ogle. 

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SL GreenJLL's Grace

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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