An independently owned gymnasium in Decrease Manhattan has fallen sufferer to Covid-19, becoming a member of an extended record of companies ravaged by the pandemic.
Tribeca Well being & Health, situated at 107 Chambers Road, filed for Chapter 7 chapter on Friday and introduced its everlasting closure on its web site.
“We’re heartbroken to announce that we are going to not be reopening,” the website stated. “The extended Covid closure has made it not possible for us.”
Since 2017, Allison and Fred Thompson have been the homeowners of the favored gymnasium, which occupied greater than 10,000 sq. toes of area throughout three ranges, based on the web site.
Within the assertion, the homeowners stated they “tried each avenue” to avoid wasting the gymnasium, the pandemic was greater than they might bounce again from.
The enterprise owes greater than $1.four million to its collectors, whereas its property totaled about $92,000, based on the chapter petition.
With the closing, the self-proclaimed “largest family-owned health facility in Decrease Manhattan” has joined the pool of sports activities golf equipment and health facilities crashed by the pandemic in latest months.
Town Sports International — which owns sports activities golf equipment in New York, Boston, Philadelphia and Washington, D.C. — filed for Chapter 11 chapter final month after the compelled closure of gyms led to huge losses in income, Reuters reported. The nationwide chain 24 Hour Fitness additionally filed for chapter in June.