Climbing Gym MetroRock Clambers Up to Williamsburg
MetroRock climbing gym is opening an outpost at The Dime, a new 23-story mixed-use development under construction in South Williamsburg, Commercial Observer has learned.
The rock climbing chain inked a 15-year, 10,000-square-foot deal for its second Brooklyn location at 263 South 5th Street, between Marcy Avenue and Havermeyer Street, according to Murro Realty, the tenant broker. Asking rent was $110 per square foot. The gym will open in the summer of 2020 and occupy 8,500 square feet on the ground floor and 1,500 square feet in the basement of the building near the Williamsburg Bridge.
“MetroRock’s bouldering gym at the Dime will be an exciting addition to the area that is underserved by specialty fitness concepts,” said Declan Devlin of Murro, who represented MetroRock in the deal with his colleague Jarrett Sharp. “The owner of MetroRock was attracted to the area because of the continued growth of South Williamsburg in addition to the easy accessibility for customers traveling from Manhattan.”
MetroRock opened its first space in the borough, a 23,000-square-foot bouldering gym, early last year at 321 Starr Street in Bushwick, according to neighborhood blog Bushwick Daily. The company also has three locations in Massachusetts, including one in Boston, and a fourth in Essex, Vermont.
Alex Beard, Eric Fisher & Jason Pennington of Ripco Real Estate handled the transaction for the landlords, Tavros Capital Partners and Charney Construction & Development.
“We’re very excited to have them in the building, and it’s a great addition to the south side of Williamsburg,” Beard told CO. He added that there was roughly 32,000 square feet of retail space remaining in The Dime and the connected, landmarked Dime Savings Bank of Williamsburgh. He hopes to find a juice bar or similar complementary tenant for a 1,000-square-foot spot immediately adjacent to MetroRock’s gym.
Tavros partner Matthew Kahn said in a statement that “a rock climbing experience is the ideal complement to the building’s office space, rental apartments and extensive amenities that include abundant outdoor space and a rooftop basketball court.” Their project, The Dime, will include 177 rental apartments, 95,000 square feet of office space and 55,000 square feet of retail when it’s complete.
Another rock climbing chain, Vital Climbing Gym, is set to open a 46,000-square-foot space on Nassau Avenue at the northern edge of Williamsburg later this year, as CO previously reported.