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CycleBar, Pure Barre Backfill Upper East Side Space Vacated by Flywheel
Providing more evidence that in-person fitness classes are continuing their post-COVID-19 comeback, The Feil Organization has signed CycleBar and Pure Barre to a 10-year lease at its 1151 Third Ave. retail building on Manhattan’s Upper East Side. Both concepts are owned by Xponential Fitness.
The 5,300-square-foot lease, which brings 1151 Third to 100% occupancy, comprises the entire second and third floors of the boutique building, which has a dedicated entrance and elevator for fitness tenants. The space previously was occupied by Flywheel, which permanently closed all of its studios through Chapter 7 bankruptcy.
The Feil Organization and the new tenant worked together closely to prompt a rejection of Flywheel’s lease, expediting the new agreement, said Nick Dries, director of commercial leasing at The Feil Organization.
“The COVID-19 pandemic affected the retail market unevenly; nevertheless, New York City is making a strong comeback and once again proving its resiliency,” said Dries.
- ◦Lease
