NEW YORK CITY — Life Time (NYSE: LTH) has announced an agreement with Silverstein Properties to open an athletic country club at Brooklyn Tower, a 74-story residential skyscraper located at 9 Dekalb Ave. in downtown Brooklyn. The health and wellness experience will mark Life Time’s largest location in Brooklyn at approximately 80,000 square feet.
Life Time Brooklyn Tower will span seven floors throughout the 1,066-foot-tall building. Life Time’s programming will include studio classes, personal training, strength and fitness offerings and amenities.
Highlights of the new club will include:
- A rooftop pool with resort-like seating and bar
- Co-ed wet suite featuring an indoor lap pool, cold plunge, steam room and sauna
- Luxury spa with red light therapy, IV therapy and massage
- Coworking and library spaces
- Dedicated group fitness studios for barre, cardio, Pilates and yoga
- Strength and functional training spaces, including Life Time’s ALPHA, GTX and UltraFit zones
- Expansive fitness and cardio equipment
Life Time Brooklyn Tower is expected to open in the second half of 2026. Additional information will be provided as the project progresses, and a waitlist for members has been established.
Brooklyn Tower integrates the historic Dime Savings Bank of Brooklyn into its design and features 143 luxury condominiums and 398 rental units. Silverstein gained full control of the project in a $672 million deal last year and is expected to relaunch condo sales in April, according to the Brooklyn Daily Eagle, which reports that only 20 of the tower’s condos have sold since its 2022 launch.
“As the new owner of Brooklyn Tower, Silverstein Properties is committed to a successful completion of the project, which includes ensuring that residents will continue to expect Life Time’s unparalleled health and wellness experience as one of the building’s suite of exceptional amenities,” says Shawn Katz, president of Silverstein Capital Partners, the lending arm of Silverstein Properties.
Silverstein owns and operates a real estate portfolio valued at over $18 billion and has developed, owned and managed more than 45 million square feet of office, residential, hotel, retail and mixed-use properties throughout the country. The firm is widely known for its redevelopment of the World Trade Center.
Life Time currently operates nine athletic country clubs in New York City and more than 175 clubs across the United States and Canada. The company’s stock price opened at $28.88 per share Wednesday, March 12, nearly doubling its per-share price of $14.48 one year ago.
— Kristin Harlow