LIFE TIME SIGNS LEASE AT 175 THIRD STREET, THE NEWEST DEVELOPMENT IN CHARNEY COMPANIES AND TAVROS' GOWANUS WHARF
Rhea-AI Summary
Life Time (NYSE: LTH) signed a lease for a new athletic country club at 175 Third Street in Gowanus, Brooklyn, part of the Gowanus Wharf campus developed by Charney Companies and Tavros. The club will span more than 85,000 square feet of indoor and outdoor space and feature a rooftop year-round beach club with hot and cold pools, saunas, co-ed wet suite, recovery and longevity services, indoor pickleball, coworking, and expanded wellness programming.
175 Third Street will be the largest building in Gowanus at approximately 1.1 million square feet with about 1,100 residences; the campus will total over 2.2 million square feet and over 2,200 residences when complete. A consumer waitlist will be established for membership interest.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, LTH declined 2.33%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed, mostly modest moves, with PLNT up 0.38%, PTON up 1.65%, MAT up 0.24%, YETI up 0.44%, and GOLF down 0.4%, suggesting today’s move in LTH is more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Event announcement | Positive | -0.7% | Return of LT Games hybrid athlete competition with prize pool and training support. |
| Dec 01 | Club expansion | Positive | -2.3% | Lease for large new Gowanus Brooklyn athletic country club with rooftop amenities. |
| Nov 21 | Product education | Positive | +2.9% | Guidance on creatine supplement quality and promotion of LTH Power Creatine product. |
| Nov 06 | Fitness program rollout | Positive | -1.2% | Nationwide expansion of CTR reformer workout across more club locations by 2026. |
| Nov 04 | Earnings results | Positive | +5.3% | Q3 2025 revenue, earnings, EBITDA growth and raised full‑year guidance. |
Recent news skew positive (product, events, expansion, strong earnings), yet price reactions have often diverged, with several small declines following upbeat operational announcements and gains concentrating around financial results and select product news.
Over the last two months, LTH reported strong Q3 2025 results on Nov 4 with higher revenue, net income, and raised full‑year guidance, which saw a +5.27% price reaction. Subsequent news highlighted nationwide expansion of CTR reformer workouts, a creatine supplement education push, and multiple new club and event initiatives, including the Gowanus lease and LT Games 2026. Despite generally positive operational momentum, several of these non‑earnings announcements coincided with modest negative price moves.
Market Pulse Summary
This announcement adds another large-format athletic country club to Life Time’s New York City footprint, with more than 85,000 square feet at 175 Third Street in the Gowanus Wharf development. It reinforces the company’s focus on premium wellness, recovery, and social spaces in dense residential projects. In context of recent strong Q3 2025 results and ongoing program rollouts, investors may watch execution on new center openings, member demand in Brooklyn, and how additional projects feed into overall revenue and profitability.
AI-generated analysis. Not financial advice.
Planned athletic country club, covering more than 85,000 square feet, will feature year-round rooftop hot and cold pools, indoor co-ed wet suite, coworking, indoor pickleball, and more
The new Life Time will encompass more than 85,000 square feet of indoor and outdoor space and bring an entirely new experience to the neighborhood with a year-round rooftop beach club for year-round use, including pools for hot and cold use, saunas and a bar. Inside, the club will feature a co-ed wet suite with sauna, steam, red-light and infrared therapies, additional recovery spaces, longevity services, pickleball, coworking lounge space, and the brand's signature mix of health, wellness, and lifestyle programming for those 90 days old to 90+ year, all supported by advanced technologies and premium design.
"The ongoing transformation of Gowanus, alongside its strong connections to Park Slope and Carroll Gardens, makes it one of
For nearly 34 years, Life Time has focused on healthy living, healthy aging and healthy entertainment with the best people, places, programming and incredible social community for its members. The planned destination will join more than 11 Life Time destinations in
"Life Time's national reputation for quality and excellence elevates the experience we're creating at 175 Third Street, and we're proud to welcome them as an iconic anchor," said Rosie Tilley, Head of Development for Charney Companies. "Residents will be thrilled to enjoy the exceptional lifestyle experience that only Life Time's athletic resort can bring – a distinction that sets 175 Third Street apart."
175 Third Street will be the fifth building in Gowanus Wharf, the jointly developed campus by Charney Companies and Tavros Capital. Once completed, 175 Third Street will be the largest building in Gowanus, with approximately 1.1 million square feet and 1,100 residences. Upon completion of the project, Charney and Tavros will have developed over 2.2 million square feet and over 2,200 residences in Gowanus, making them the submarket's most active developer.
"Life Time is a welcomed addition to our Gowanus Wharf campus," added Colin Rankowitz, Partner at Tavros Capital. "Health and wellness are top priorities in all our buildings, and we are thrilled to have Life Time glad to have a partner that aligns with our vision."
Joe Mastromonaco and Colleen Morrissey of Atlantic Retail represented Life Time in this transaction. Atlantic Retail specializes in innovative solutions that position Life Time clubs as the anchor amenity in mixed-use projects including residential, office, hotel, and retail developments throughout the Northeast.
For more information about Life Time in
About Life Time:
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its more than 185 athletic country clubs across the
About Charney Companies:
Founded in 2013, Charney Companies is a fully integrated real estate development, construction, brokerage, and management firm with a focus on developing, owning, and operating first-class residential and commercial real estate in the New York City Metro area. From ground-up construction to adaptive reuse and value-add repositioning, Charney plays an integral role in all aspects of the development process and leverages the expertise and experience of their principals to deliver superior products to the marketplace and best-in-class returns for their investors. Charney owns, operates, and is under construction on two million square feet throughout Brooklyn and Queens, and has won awards and accommodations from municipal organizations and media outlets for their work over the last 5 years. For more information, visit: https://charneycompanies.com/.
About Tavros:
Tavros is a privately-owned real estate investment management and development firm. They invest on a discretionary basis, with a strong focus on
View original content to download multimedia:https://www.prnewswire.com/news-releases/life-time-signs-lease-at-175-third-street-the-newest-development-in-charney-companies-and-tavros-gowanus-wharf-302629438.html
SOURCE Life Time, Inc.
FAQ
What did Life Time (LTH) announce on December 1, 2025 about 175 Third Street?
What amenities will the new Life Time (LTH) club at 175 Third Street include?
How large is the 175 Third Street building and how many residences will it contain?
Who are the developers of the Gowanus Wharf campus where Life Time will locate?
Will Life Time open other New York City locations near this announcement?
How can consumers express interest in the new Life Time (LTH) club at 175 Third Street?
