CBRE has arranged a new retail lease with Club Studio at Newberry Plaza, advancing the ongoing repositioning of the property’s retail base, branded as Newberry on the Triangle. Acting on behalf of landlord 11 East Partners and Blackbird Investment Group, the firm completed a 32,000-square-foot lease that further defines the tenant mix at the Gold Coast asset.
The fitness concept will occupy a majority of the second floor and all of the third floor within the retail podium at the base of the 53-story residential tower in Chicago’s Gold Coast. The commitment by Club Studio adds an experiential fitness component to a merchandising plan that is being built around a combination of retail and dining offerings at the property.
CBRE’s leasing team of Luke Molloy, Danny Jacobson, and Stephen Ansani represented 11 East Partners and Blackbird Investment Group in negotiating the transaction. Their assignment focused on securing tenants that align with the owners’ strategy for the Newberry on the Triangle redevelopment and support the positioning of the building’s lower levels as an updated retail and entertainment destination.
The Club Studio lease follows earlier commitments from Anthropologie and Moxies at Newberry Plaza. Anthropologie has signed a 16,000-square-foot lease on the building’s first floor, expanding the presence of the lifestyle retailer in the Gold Coast neighborhood. In addition, Canadian restaurant group Moxies plans to introduce a 13,600-square-foot dining concept at the property, bringing a full-service food and beverage component to the evolving podium lineup.
With these transactions, the Newberry on the Triangle retail base is adding a mix of fitness, soft goods retail, and restaurant uses at different levels of the tower’s podium. Ownership and the leasing team are using the redevelopment program to recalibrate how the property’s lower floors engage with residents, visitors, and the broader Gold Coast trade area.
Commenting on the strategy, Jacobson noted that the Newberry redevelopment is elevating the retail and experiential offering in the Gold Coast. He added that introducing a fitness operator such as Club Studio alongside destination retail and dining helps reinforce the neighborhood’s role as a premier mixed-use submarket. The sequence of leases at Newberry on the Triangle underscores the effort to align the asset’s retail configuration with contemporary consumer patterns in an established urban residential district.
