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Life Time and Silverstein Properties to Partner at Brooklyn Tower
Prnewswire· 2025-03-11 14:01
Core Insights - Life Time is expanding its presence in New York City with the development of Life Time Brooklyn Tower, which will be its largest location in Brooklyn at approximately 80,000 square feet [1][4] - The facility will span seven floors in a 1,066-foot-tall building and will focus on recovery, rejuvenation, and socializing, offering a holistic experience for residents and members [2][4] - Life Time Brooklyn Tower is expected to open in the second half of 2026, adding to Life Time's existing nine athletic country clubs in New York City [4] Company Overview - Life Time operates over 175 athletic country clubs across the United States and Canada, promoting healthy living and wellness for individuals aged 90 days to 90+ years [6] - The company has been recognized as a Great Place to Work®, highlighting its commitment to an exceptional workplace culture for over 42,000 team members [6] Partnership Details - Silverstein Properties, the new owner of Brooklyn Tower, is dedicated to ensuring the successful completion of the project and maintaining Life Time's health and wellness offerings as part of the building's amenities [3][7] - Silverstein Properties has a real estate portfolio valued at over $18 billion and has developed more than 45 million square feet of various properties across the country [7] Facility Features - Life Time Brooklyn Tower will include a rooftop pool, co-ed wet suite, luxury spa, coworking spaces, and dedicated fitness studios for various exercise programs [8]
Signing Day Sports to Prioritize Strategic Focus on Technology and Customer Growth Opportunities while Simultaneously Exploring Potential Merger and Acquisition Opportunities
Globenewswire· 2025-03-06 11:30
Core Viewpoint - Signing Day Sports, Inc. has terminated its stock purchase agreement to acquire 99.13% of Dear Cashmere Group Holding Company due to the inability to satisfy certain material conditions for closing the transaction [1] Group 1: Company Strategy and Operations - The board of directors is collaborating with management to refine the company's strategy, explore merger and acquisition opportunities, and assess additional financing options [2] - Signing Day Sports will continue to focus on technology and customer growth, aiming to deliver greater customer value through expanded services such as recruiting webinars and app features [3] - The company is committed to expanding its customer base and geographic reach [3] Group 2: Leadership and Vision - CEO Daniel Nelson emphasized the importance of prioritizing customer needs and expressed pride in the team's focus and determination during the acquisition process [4] - The company aims to engage with customers, partners, and the financial community to share its vision for future success and long-term shareholder value [4] Group 3: Company Background - Signing Day Sports' mission is to assist student-athletes in achieving their goals of playing college sports through its recruitment profile app, which includes video technology for evaluation by college coaches [5]