by Ken Anderson, committee chair
An on-site Health Club is an important amenity in today’s very competitive condo market.
Our indoor lap pool is a big plus because many condos do not have an indoor lap pool of this size and depth. But the rest of our facility is a negative when selling or leasing units at Park Tower, especially to younger buyers and renters. It is just not up to today’s standards and can be an embarrassment when showing it to friends, realtors and prospective renters.
The aerobics equipment in our club is stuffed into a small room, cramping workout space and limiting personal space. Much of the weight equipment is old chain- driven equipment, and we have had to dispose of various pieces when parts were not available. This equipment has no market value and cannot be sold.
The Health Club Committee is getting bids for renovations that will expand space allocated to the club and upgrade equipment. We want to create an up-to-date facility that will be a positive feature for our building and appeal to prospective buyers and renters.
Our location on the lake and lakefront trail, with convenient public transportation downtown, is a selling feature for our building. Upgrading the Health Club to meet today’s standards and expectations will add additional value. Doing so may also attract more dues-paying members.
Our committee will present its recommendations to the Board of Directors at a June Board meeting.