Life Time's New York City Expansion Continues with Iconic Indoor Pickleball and Athletic Club Destination in the PENN DISTRICT
NEW YORK, June 20, 2023 /PRNewswire/ -- Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, today announced it is entering into a lease agreement with Vornado Realty Trust (NYSE: VNO) to occupy more than 53,000 square feet on the first three floors of PENN 1, located adjacent to Madison Square Garden in the heart of New York City. The redeveloped 57-story building serves major office tenants and is readily accessible to hundreds of thousands of daily commuters via the most accessible transportation hub in the country.
- As part of our methodical expansion in NYC, we're thrilled to bring our unique Life Time experiences to PENN DISTRICT.
- "As part of our methodical expansion in New York City, we're thrilled to partner with Vornado Realty Trust to bring our unique Life Time experiences to their reimagined PENN DISTRICT," said Parham Javaheri, Life Time Chief Property Development Officer and EVP.
- "We're particularly excited to expand our indoor pickleball court offering in Manhattan with what will be the City's most premier indoor pickleball club featuring seven new courts, lounge seating and a bar – complemented by our luxury athletic club programs and amenities."
- Life Time's opened its first permanent indoor pickleball courts in Manhattan at Life Time Sky in February.