Peloton will relocate its corporate headquarters to a 312,000-square-foot, state-of-the-art office space at New York City’s Hudson Commons. Considered to be one of the most successful tech startups in New York City, the global technology company revolutionized the fitness industry with its category-creating indoor cycling bike and Peloton Tread.
Peloton plans to move into its new offices located at 441 Ninth Avenue in 2020. The company will be the anchor tenant of Cove Property Group’s 700,000-square-foot Hudson Commons redevelopment and will occupy floors 4 through 10, plus a 13,000-square-foot basement. The new headquarters will be located near the recently announced 35,000-square-foot Peloton Studios, the company’s flagship broadcast, production operations and multi-studio space set to open in the Manhattan West development in early 2020.
“New York City is where Peloton started, and it will continue to be our home as we scale our business globally,” said John Foley, Peloton co-founder and CEO. “For a long time, New York was considered to be an afterthought for tech start-ups, but it’s now the second highest performing startup ecosystem in the world. As our brand lives at the intersection of fitness, technology and media, this city is where the best talent can be found across all three of those industries. By partnering with Cove Property Group, we’re able to truly commit to contributing to the city’s economy and deepening our footprint here.”
“Hudson Commons was conceived with creativity and entrepreneurialism in mind, offering unique, well thought-out space to foster the best working environment for the talent of this generation,” said Kevin Hoo, Cove’s Co-Founder and Managing Partner. “We are thrilled to welcome Peloton as a partner in this endeavor. Not only are John Foley and his exceptional team global standard-bearers in their field, Peloton’s ethos is a fantastic match for that of Hudson Commons, and we are very excited for the world-class space they will soon call home.”
The new space will be six times larger than Peloton’s current corporate office, which occupies 50,000 square feet in Chelsea. The New York-based company employs more than 1,000 people across the U.S., Canada and the UK, including corporate, studios, retail and field operations.
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