The Post yesterday had a story about FitHouse, a new exercise studio with plans to open 15 NYC locations... the first of which will be at 276 Bowery just south of Houston...
Per the Post:
As part of its fast-paced expansion, FitHouse will use so-called shotgun leases — extremely flexible arrangements that allow the landlord or the studio to cancel with a 60- or 90-day notice.
FitHouse is said to offer unlimited yoga, dance, high-intensity interval training, pilates and barre classes for $99 a month. Not sure what kind of commitment they'll make gymgoers agree to ...
276 Bowery has been a temp space for events/exhibits of late. Sunrise Rainbow Kitchen Supply moved out last summer after four years.
5 comments:
It appears most of the new businesses opening in the past few years have some versions of a "shotgun lease". Sadly it is not the case as small businesses can no longer survive the for 6 - 12 months.
Right next door to The Chinatown Y, which is way cheaper and has showers and sauna. This is a business plan?
An exercise studio? On The Bowery? They might as well exercise their option to get out of the lease right now
The $10 pressed juice and $5 coffee crowd in a $100 gym outfit with a $2,000 little silver laptop does not go to the Y... they think the Y is a bad song that gets played at weddings
It's not very easy obtaining a license from the city to open a gym. A lot of requirements. This may be their way to circumvent.
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