Watertown’s Mount Auburn Club is closing its doors and being sold to developers.
The Crowley family, the fitness club’s longtime owners, announced the property is being sold to a joint venture that plans to develop it into laboratory and office use.
In a statement, the family cited the coronavirus shutdown as contributing to their decision to sell.
“The COVID-19 crisis has created a challenging environment for the Mount Auburn Club to operate in and our long term outlook would be uncertain at best,” the family said in the statement. “Our family is prepared for a new stage in our lives and we will always treasure the memories and relationships we have forged with our members, guests and local community. At this time, our focus is on ensuring as smooth a transition as possible for our wonderful employees who have done so much to make the Mount Auburn Club a special place for so long.”
The property is being sold to a joint venture of an affiliate of Alexandria Real Estate Equities, Inc., and National Development, according to the news release.
“Alexandria, which purchased the former athenahealth campus in Watertown in 2019, owns, operates, and develops life science, technology and agtech campuses in the top urban innovation clusters in North America,” the statement reads.
The joint venture has collaborated on other local projects including Boston’s Longwood Center and 15 Necco Street, the former Boston site of General Electric headquarters, according to the statement.
The Mount Auburn Club began with six tennis courts in 1971, growing into a full-service fitness and wellness community, according to the club’s website.