3/18/2024 0 Comments Steven schwartz tca![]() People also met for a quick bite at its adjacent restaurant, Cocomo’s, which closed in 1996 and was converted by Arvida into a community center for classes, including theater, dance, baton and martial arts. In 2001, Arvida sold it to Chicago-based Tennis Corporation of America, the current owner.ĭuring the 1990s, the club was the site for July 4 celebrations, 5K runs and community meetings. Weston developer Arvida-JMB Partners built the club on a 27-acre lakefront site in 1988, eight years before Weston was incorporated. And this spring, there are plans to expand the locker room, spa and salon, add a restaurant and bar, and generally upgrade the 18-year-old club building at 2300 Royal Palm Blvd. The Athletic Club at Weston was renamed Midtown Athletic Club earlier this month to coincide with the name change to “Midtown” at 11 other clubs nationwide, company officials said. Ken Germano, the American Council on Exercise (ACE)ĭouglas A.Weston’s first health club has changed its name and will undergo a $6 million upgrade in 2007. Rick Caro, Management Vision and the Spectrum ClubsĬasey Conrad, Communication Consultants and Healthy Inspirations And while things have been challenging at home, TCA is doing great, according to Schwartz: “Times are tough in Chicago because of the intense competition in this market, but better-managed properties are still doing well.” The Club Industry Advisory Board ![]() With these acquisitions, TCA now owns and/or manages 44 clubs, 19 of which are in Chicago, the location of TCA's headquarters. And a very Socialist-bent government with a strong, radical language activist community that pushes constantly for French everything.” Very difficult banking environment - tight credit, tough credit. “Montreal - and Quebec in general - is a very difficult place to do business from a U.S. Although TCA was able to acquire a facility in Quebec, many barriers discourage other club companies from building there. Many of these drawbacks actually give TCA a competitive advantage. They said any new versions have to be in French.” ![]() They inserted disks into our computer systems and downloaded all of our directories, and recorded versions of our software. The French has to be twice as big as English and on top. “They cited us because all of our signs were in both French and English in equal-sized letters. “‘The French police’ are the worst,” Schwartz said. Also, while the club is completely bilingual, everything is French first. Canadian income tax is 54 percent, and the club members pay sales taxes of 16 percent on dues of $110 (Canadian). Still, TCA did experience some culture shock entering Quebec. “I would say it's the premier club in Canada.”Īnd, Schwartz added, Montreal is a “fabulous, fun, culturally vibrant city with a sophisticated population.” So the citizens make ideal prospects for the club. “It's the premier club in that region of the country,” Schwartz claimed. Schwartz speaks highly of the Montreal facility, a 125,000-square-foot club boasting six indoor tennis courts, five squash courts, three group exercise rooms, indoor and outdoor pools, spa, banquet facility and restaurant. The other 49 percent belongs to a large investment company. TCA bought a 51 percent stake in the Montreal club. TCA had managed Le Sporting Club du Sanctuaire for five years “with the intention of buying,” Schwartz said. The Montreal acquisition is also a first for TCA, although the company is no stranger to the city (or club). ![]() Now, Arvida/JMB is selling off pieces of the community infrastructure, such as the health club. A 35,000-square-foot multipurpose facility with 2,300 members, the Athletic Club Weston had been owned by Arvida/JMB, the developer that built the Weston community (including 20,000 homes). The Weston acquisition marks TCA's entry into the Florida market. “We have an acquisition line of credit that we used.” “We bought them both for cash,” Steve Schwartz, TCA's president, told Club Industry. Not only has TCA been chosen by the John Buck Company to manage One Fitness Center (a 6,000-square-foot facility in Chicago's Loop), but the club chain has purchased two facilities: the Athletic Club Weston in Weston, Fla., and Le Sporting Club du Sanctuaire in Montreal, Quebec. CHICAGO - Tennis Corporation of America (TCA) continues to expand.
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