A cycling studio near Union Station has screeched to a halt.
Flywheel Sports, located at 1900 17th St., is behind on rent to the tune of $18,985, according to a letter from an attorney representing the business’ landlord posted on its door.
The business is on the ground floor of apartment complex Cadence Union Station, which was developed by Zocalo Community Development and is owned by Invesco. According to the July 31 letter, Flywheel’s monthly rent for its 4,294-square-foot unit is $2,780, and the studio has not paid rent for six months.
The studio apparently has not been operating since prior to the coronavirus pandemic.
Flywheel did not respond to BusinessDen’s request for comment. The New York-based chain opened the location in summer 2018. It was the national chain’s 42nd location and had 54 bikes for the studio’s signature high-intensity interval training rides.
The complex’s property manager did not respond to a request for comment. Attorney Richard Reichstein of Philadelphia-based Faegre Drinker Biddle & Reath’s Denver office is representing Cadence.
The studio was the chain’s 42nd location and had 54 bikes for the company’s signature high-intensity interval training rides.
Correction: Information about the developer and owner of the building has been corrected.