Chelsea Piers Management has signed a lease for over 48,800 square feet at GFP Real Estate’s 200 Varick Street in the Hudson Square area of Manhattan. The specific use of the new space has not been disclosed. This information comes from a CBRE quarterly retail summary cited by the Commercial Observer.
The expansion adds to Chelsea Piers’ presence in New York City. The company is known for its main Chelsea riverfront sports and entertainment complex, which covers 28 acres between West 17th and West 23rd streets. The facility offers soccer fields, basketball courts, a golf driving range, and an ice rink. Chelsea Piers also operates facilities in the Flatiron District and Brooklyn.
The terms of the Varick Street lease, including its duration and rent, were not revealed. According to CBRE’s third-quarter report, average retail rents in Manhattan stood at $671 per square foot. The identities of the brokers involved in the deal have not been made public. Representatives from CBRE, GFP Real Estate, Chelsea Piers, and Newmark declined to comment on the transaction.
The 12-story building at 200 Varick Street is also home to tenants such as Architectural Partnership Atelier, David Energy, and Momenti.
In 2023, Chelsea Piers signed a 29-year lease for a 72,000-square-foot space in Long Island City at a development by Tavros, Charney Companies, and Incoco Capital. That project at 24-11 Jackson Avenue was initially planned as a 55-story skyscraper. Construction was paused in late 2024 but has since resumed. The development is expected to deliver 600 residential units.
Outside New York City, Chelsea Piers operates an athletic club in Stamford, Connecticut.
