Equinox to Open Third Toronto Location at West House
Portfolio | Jan 27, 2025 | Hines Interests LP
Equinox, the luxury fitness brand, has signed a lease for a new 38,000-square-foot location at West House in Toronto's King West district, marking its third outlet in the city. This strategic expansion reflects Equinox's growth in the Canadian market, aligning with Toronto's vibrant real estate and cultural landscape. West House, developed by global real estate firm Hines, features upscale rental suites and is scheduled to begin pre-leasing in March 2025. The project promises extensive amenities, including an exclusive Equinox facility for residents, showcasing a partnership focused on an elevated living experience. Hines integrates sustainability through eco-friendly building features, further cementing its commitment to innovative urban development.
Sectors
- Real Estate
- Fitness and Lifestyle
- Sustainable Development
Geography
- Canada – The article focuses on developments in Toronto, a major city in Canada, reflecting the geographical focus of the expansion and real estate initiatives.
- United States – Hines, headquartered in the U.S., plays a pivotal role in this transaction and real estate development.
Industry
- Real Estate – The development of West House, a rental property, is a key aspect, especially considering its scale and the involvement of Hines, a major player in real estate.
- Fitness and Lifestyle – Equinox, a high-end fitness and wellness brand, is expanding its presence, which is crucial to the fitness and lifestyle industry.
- Sustainable Development – Hines' emphasis on sustainability features like EV charging stations and energy-efficient designs highlights this industry's role.
Financials
- $93 billion – The total assets under Hines' management as of mid-2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hines Interests LP | Developer | Company | A global real estate firm responsible for the development of West House. |
| Equinox | Tenant | Company | A luxury fitness and wellness brand expanding its locations in Toronto. |
| West House | Property | Company | The development in Toronto's King West district where Equinox will open its new location. |
| CBRE | Real Estate Advisor | Company | Negotiated the lease for Equinox on behalf of the landlord. |
| 3XN | Architects | Company | The architecture firm involved in designing West House. |
| Nivek Remas | Design Studio | Company | Responsible for designing the Equinox club at West House. |
| Jeff Weinhaus | Chief Development Officer | Person | An executive at Equinox responsible for development and expansion. |
| Syl Apps | Senior Managing Director and Head of U.S. Midwest and Canada | Person | A senior executive at Hines overseeing Canadian operations. |
| Chris Wanzel | Real Estate Advisor | Person | Representative from Urban Reform Realty who represented Equinox in the lease deal. |