Stretchlab, a stretching services provider, has signed a lease at Jasper, a mixed-use project in Long Island City Queens, being developed by The Domain Companies, LMXD, The Vorea Group and Bridge Investment Group. The agreement is the 10th retail lease at the complex, securing at 100% retail leased status for the retail component of the building.
Comprising 35,000 square feet of the building’s ground floor, the ten retail leases range from a grocery to restaurants and health and wellness concepts.
“The lease-up at Jasper is a great example of the value-proposition of the Igloo platform,” said Adam Joly, principal at Igloo, which arranged the leases. “The project will benefit from a wide range of retail activations which will enhance the resident experience and deliver impactful business offerings to the LIC area.”
Stretchlab, a franchise concept from Xponential Fitness, has over 500 locations nationwide and internationally. The Stretchlab location at Jasper will be operated by Lou and Ash Majid, who currently operate StretchLabs in Bayside, Queens and Wall Street, Manhattan. Stretchlab was represented by Peter Yoon of Ripco as their broker. It will join Peanut and Honey, KidStrong, Frankie’s Brooklyn Pizza, Tiger J Taekwondo, Matsuzuki Sakura, Dumbo Market, Bright Start, Club Pilates and Glowbar on Jasper’s ground floor.
In addition to the ground-floor retail space, Jasper will have 499 apartment rentals ranging from studios to three bedrooms, 150 of which will be set aside for those with a 130% area median income. A development designed to offer residents a holistic living experience, Jasper residents will enjoy access to multiple outdoor terraces, a pool, state-of-the-art fitness equipment and classes, a yoga studio, bike storage, multiple landscaped courtyards, a game room, package lockers, personal storage, dedicated outdoor dining and BBQ areas, a residential lounge and demonstration kitchen, co-working space, green roofs and 112 parking spaces.
