The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group today announced three new retail leases totaling about 7,600 square feet at Jasper, a $370 million mixed-use development in Hunter’s Point, Long Island City. Along with the 13,800 square feet lease to Dumbo Market announced last month, more than 64 percent of the building’s 33,000 square feet of retail space is now leased prior to the completion of construction in Q1 2025.
The new tenants include Bright Start, a Queens-based early childhood development center with approximately 4,545 square feet of interior space plus an outdoor courtyard; Club Pilates, the world’s largest premium boutique Pilates brand for its newest 1,955-square-foot studio; and Glowbar, a facial membership studio, with 1,104 square feet of retail space. The tenants are working to open in early 2025 to coincide with the completion of Jasper’s residential space. All four retail leases at Jasper were brokered by Adam Joly and Rachel Cohen at Igloo, who represented ownership.
“With the addition of the Bright Start, Club Pilates, and Glowbar, we are excited to enhance and ease the experience for residents in Jasper and the surrounding communities,” said Adam Joly, Principal of IGLOO NYC. “The shortage of retail space around the Long Island City waterfront paired with the growing residential population has created a compelling opportunity for businesses, especially along retail corridors like 50th Avenue, which are closer and more convenient to many residents.”
“We’re thrilled to welcome Bright Start, Club Pilates, and Glowbar to Jasper to offer additional resources for everyone who calls Hunters Points their home,” said Matt Schwartz, Co- CEO of the Domain Companies. “Providing access to a childcare facility, a brand-new fitness studio and wellness offerings fulfills our goals of enhancing our residents’ lives by curating a holistic environment, supporting local businesses, and complementing the vibrant Long Island City neighborhood.”
The Bright Start at Jasper will offer a state-of-the-art facility for children ages three months to five years old. The opening marks the fifth daycare center for Bright Start, which currently has two sites in Astoria and two sites in Long Island City. The new facility will include seven classrooms divided by age group, with separate sets of rooms dedicated for infants (3-to-12 months old), toddlers (1-to-2 years old), preschool (2-to-3 years old), and Pre-K (4-to-5 years old) and a large dedicated outdoor playground.
Bright Start distances itself from being known as purely a drop-off center by providing kids with a complete childhood development program that incorporates play into an educationally rich set of classes all day long, as well as offering numerous enrichment classes such as baby and kids yoga, music and movement, foreign languages, arts, and soccer.
Club Pilates has the largest network of studios, designed to make Pilates more accessible, approachable, affordable, and welcoming to everyone. The new studio will offer residents and community members a wide range of classes and state-of-the-art equipment, including Pilates reformers, chairs, springboard, barre, TRX training systems, and extensive training certification for its instructors. The full-body workouts strengthen muscles, improve posture, and correct muscle imbalances, helping members feel their best while offering a low-impact workout that can accommodate everyone.
Glowbar’s new studio at Jasper will offer its signature 30-minute, affordable, customized, and results-driven treatments. Each treatment at Glowbar includes an esthetician-led survey to better understand client’s needs and to determine a treatment plan, which can include Dermaplaning, Chemical peels, Extractions, LED, Microcurrent, High Frequency, and more. With new locations taking the East Coast by storm, Glowbar is the fastest growing facial-membership brand known for its no-frills, accessible, and effective approach to personal care.
“As a New York brand, we want everyone across the city and beyond to feel confident in their skin by having access to affordable and effective skincare treatments,” said Rachel Liverman, CEO and Founder of Glowbar. “We’re excited to be expanding into Queens, and specifically Long Island City as an area with increasing amenities and like-minded businesses, to reach consumers we know are looking to prioritize their skincare in a way that seamlessly fits into their other self care and healthcare routines.”
Located in the heart of Long Island City along 5th Street between 50th Avenue and 49th Avenue, Jasper is a joint venture between The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group. The development team is in discussions with a range of additional potential retailers to fill out the balance of the space and provide an optimal spread of resources to Jasper and the neighborhood.
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.
Located just half a block from Gantry State Park, Jasper boasts close proximity to a combination of transportation options, including Long Island City’s seven subway lines (7, E, N, G, W, R, F).
About The Domain Companies – The Domain Comp is one of the nation’s leading real estate development and investment companies specializing in sustainable, mixed development. Since its founding in 2004, Domain has been involved in over $2.5 billion of impactful, mixed-use real estate across various product types and markets. For more information, please visit https://thedomaincos.com/.
About LMXD
LMXD is the mixed-income development affiliate of L+M Development Partners LLC, one of the nation’s leading builders and developers of affordable housing. Building upon a successful nearly 40-year track record on projects such as Essex Crossing in New York and Banner Lane in Washington, D.C., LMXD’s mission is to develop transformative mixed-income, mixed-use projects with a focus on culture, community, and sustainability both within the New York region and across the country. Visit https://lmxd.com to learn more.
About The VOREA Group
The VOREA Group (VOREA), established in 2009, is a multifaceted real estate company equipped to perform mid to large-scale development projects throughout the Tri-state area. VOREA’s uniquely vertically integrated enterprise includes a thesis-based investment team, a construction management division focused on marrying best-in-class management with best-in-class technology, and an end user platform focused on weaving small businesses into the fabric of the community. For more information, visit www.vorea.com.
About Bridge Investment Group
Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $47.7 billion of assets under management as of December 31, 2023. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. verticals across real estate, credit, renewable energy, and secondary strategies. Visit https://www.bridgeig.com to learn more.
About Igloo
Igloo’s mission is to facilitate the connection of business to community by partnering with culturally impactful brands in the food & beverage, retail, creative office, and maker space who are looking to relocate, expand, or start up in NYC markets. In addition to commercial real estate brokerage, our robust in-house design and construction management teams deliver turn-key real estate solutions for growing businesses. As a strategic partner, the Igloo platform also finances real estate acquisitions, funds leasehold improvements, and provides working capital for scaling concepts. Visit www.igloo.nyc to learn more.
About Bright Start
At Bright Start Child Learning Center, we strive to provide a clean, safe and educational environment for young children and their families. Within our care, children develop skills that promote physical, emotional, social, and intellectual growth. We believe in being supportive of our parents, and we welcome their positive involvement and presence at Bright Start Child Learning Center at all times. We further believe that within our environment, children can thrive and have the opportunity to blossom into responsible and contributing members of our society.
About Club Pilates
Founded in 2007, Club Pilates is the largest Pilates brand by number of studios, designed with the vision of making Pilates more accessible, approachable and welcoming to everyone. Based in Irvine, CA, Club Pilates has appeared in both Entrepreneur Magazine’s Franchise 500 and Fastest-Growing Franchises eight years running, and Inc.
Magazine’s Inc. 5000 lists multiple times. Club Pilates offers extensive training certification for its instructors. Its 500-hour training program includes instruction on Pilates, barre, Triggerpoint, and TRX Suspension Trainers. Club Pilates is headquartered in Irvine, CA and backed by Xponential Fitness, the largest franchisor of health and wellness brands. To learn more about Club Pilates, visit https://www.clubpilates.com.
About Glowbar
Glowbar launched in 2019 as a brand rooted in effective results and customized experiences. Glowbar’s 30 minute, $65, clinical-grade approach lives at the intersection of a dermatologist and a spa to help consumers reach their skincare goals without the pain points of time, expense, and lack of confidence.
Led by CEO and Founder Rachel Liverman, a third-generation esthetician, Glowbar delivers a no-fluff approach with trusted experts to provide a results-driven alternative in the fragmented facial industry. A trusted partner for all skincare journeys from maintenance to combating specific skincare concerns, Glowbar has a singular mission to make people feel confident in their own skin. The brand currently owns and operates 6 studios in New York and Connecticut.