In Contrast to Equinox, One New York Plaza Signs Budget Gym

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After months and months of announcements for businesses headed downtown that the typical consumer can't afford—i.e., several places at the World Trade Center and most stores at Brookfield Place—here's one that everyone can enjoy. Budget chain gym Retro Fitness is headed to the recently revamped retail space at One New York Plaza, a FiDi office building whose tenants include Revlon, Goldman Sachs, and Morgan Stanley.

"It's a growing segment of fitness-club industry. It is really more of an efficient gym with a compelling price point," Ed Hogan, the site's director of retail listing, told The Real Deal. "We think it's a fitness center that really, at its price point, doesn't have any competition in the waters, something that's missing from the neighborhood."

Though Retro Fitness—known for its signature yellow equipment—has dozens of locations in the tri-state area, including several in Brooklyn, Staten Island, and Long Island, this will be the brand's first in Manhattan.

Their membership rates start at just $20, and amenities at other locations include personal training, group fitness classes, a smoothie bar, child care, and standing tanning beds.

The Real Deal writes that this is the first of several announcements expected to come out of One New York Plaza, whose 40,000 square feet of retail space required a complete overhaul after incurring damage from Superstorm Sandy. This building is also owned by Brookfield Office Properties, who signed Equinox Fitness to the shopping-cenetered Brookfield Place at the end of 2013.

And as for Retro Fitness, a spokeswoman said that the gym is interested in expanding in Manhattan, but declined to give further details. Planet Fitness and Blink better watch their backs.
· Brookfield Signs Retro Gym to One New York Plaza [TRD]
· 25 Cheap Spots For Working Out on a Budget [Racked NY]
· All Financial District News [Racked NY]