Equinox previously sued Paramount at the same building, claiming the landlord violated a provision in its lease by renting out space to Bandier, a rival fitness club.Įquinox was among a slew of companies that stopped paying rent at many of its New York City locations at the start of the pandemic. Paramount wanted Equinox to pay $1.57 million for its original lease at 1633 Broadway, including $1.3 million Paramount was willing to defer until 2022.Īt least one landlord has proven successful in litigating its case against Equinox, Crain’s reported, as an appellate judge ordered the company to pay $450,000 in arrears to its landlord at 670 Broadway. Equinox sues Paramount over fitness rival’s lease at 670 BroadwayĪbout a month later, Paramount Group sued Equinox, claiming it had a payment agreement with the fitness company during the pandemic, only to be spurned.Despite rent-deferral agreement, landlord claims Equinox still won’t pay.Equinox owes $3.3M in skipped rent on Soho gym, landlord says.In July, the fitness chain was sued for allegedly skipping out on more than $3.3 million in rent and other charges at 568 Broadway. The company, which has 92 establishments across the U.S. Savanna’s lawsuits are the latest disputes Equinox has faced since the onset of the pandemic. Started in 1999, mega luxury fitness brand Equinox has become more than just a gym. It’s not clear if the Equinox will ever open, according to Crain’s. The location was announced in October 2019, but failed to launch prior to the onset of the pandemic, which decimated in-person gyms. In addition to Equinox, our other brands, Blink, Pure Yoga, SoulCycle, Equinox Hotels and Equinox. We restlessly seek what is next for maximizing life - and boldly grow the lifestyle brands and experiences that define it. Savanna also alleged an unopened Equinox at 31 West 27th Street hasn’t paid rent since starting its 20-year lease in March 2021. Equinox Group is a high growth collective of the worlds most influential, experiential, and differentiated lifestyle brands. The cycling studio is still closed at the location, according to Crain’s, while Blink’s website lists the location as open. Savanna filed separate lawsuits on Thursday in state Supreme Court.Īt 5 Bryant Park, SoulCycle and Blink Fitness haven’t paid any rent since April 2020, the landlord alleged. Real estate investment firm Savanna is suing the company, alleging three locations under the brand owe nearly $5.3 million of unpaid rent, Crain’s reported. Lawyers at the Equinox Group are getting more reps in than the fitness company’s clients. Equinox trainers are equipped with the tools and technology to drive the premier, always on experience for our members. Christopher Schlank, founder, Savanna, in front of 5 Bryant Park (Savanna, iStock) Equinox personal trainers create custom programs designed for member’s needs that provide a holistic, progressive, and pragmatic plan grounded in the science of movement, nutrition, breath work, meditation, and sleep.
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