Justin Moore, a Commercial Broker with Chicago Real Estate Resources, Inc. (CRER) represented Studio Three in the multi-year lease transaction at 2401 N Halsted in Lincoln Park and Eric Janssen, President of Chicago Real Estate Resources Inc., represented building ownership.
Studio III is estimated to open in late 2018. A $6 Million renovation will transform the current empty art gallery into a luxurious, two-story, all-in-one boutique fitness destination. The project is being designed by bKL Architecture.
The new 16,000 square foot facility will feature luxurious locker rooms (200 lockers), common areas, bathrooms, and changing rooms along with three sizeable studios: one for cycling (70 person capacity), one for yoga (66 person capacity), and one for interval training (51 person capacity).
Studio Three encompasses three unique, elite fitness studios under the same roof: Cycle, Interval, and Yoga, All three disciplines are versatile and can be tailored to the fitness level of any individual. Studio Three is the first of its kind, providing a boutique fitness mecca that combines these top-notch disciplines into one membership and a common community. The Lincoln Park location will be Studio III’s second in Chicago after River North (648 N Clark).
The Lincoln Park location will generate 70 – 100 new jobs for Chicago.
Chicago Real Estate Resources (CRER) is an experienced, full-service real estate firm offering a wide range of services, including investment and commercial real estate sales and leasing, property management, and receivership services.