“It’s not every local guy who can do spaces that big.” “If we didn’t have formula retail it’d be tough,” said Baird. Losing Formulaīaird said the chain fitness company is interested in the shopping center in part because the location evades the city’s block on so-called “formula retail” - businesses with more than 11 outlets worldwide.
They only resumed after he was removed from office by voters and the fitness chain felt its staff would be supported by law enforcement if members flouted local guidelines. Negotiations for the 30,000-square-foot space at the North Point Shopping Center, where most gym equipment was left behind when the company went into bankruptcy, were on hold until after Boudin’s recall in June, Baird said. Mask mandates and the perceived laxness of District Attorney Chesa Boudin were two reasons cited by a national fitness chain for its hesitations on taking over a former 24-Hour Fitness space near Fisherman’s Wharf, according to Avison Young agent Cameron Baird. “Some gyms and fitness centers faced trouble immediately (at the onset of the pandemic) and some were able to sustain for a while but ultimately could not withstand,” CBRE agent Alex Sagues said via email.Īlso, masks were required for indoor workouts in the city until the end of January, an uncomfortable deterrent for customers and a logistical nightmare for front desk workers turned reluctant enforcers. San Ramon-based 24-Hour Fitness filed for bankruptcy in June 2020, closing 13 Bay Area locations. With no commitment and a fear of shared spaces, people canceled memberships and gyms shut their doors. The month-to-month fee structure made gyms vulnerable during the pandemic.
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