Spa Castle Site Visit

Spa Castle: A Unique Mixed Use Real Estate Project

     Based on the concept of European and Asian Bath Houses, Spa Castle has implemented a unique mixed use real estate play aimed at providing the community with a place to bond while achieving cleanliness, health and well-being.  The first Spa Castle opened in College Point, New York and received approximately 300,000 visitors in 2011. On March 23, 2012, the second Spa Castle opened in Carrollton, Texas.

     Construction & Financing:  The design and construction of the Spa Castle in Texas was handled in-house.  A team of ten architects on staff designed the campus and amentities.  Spa Castle owns its own construction company, which served as the contractor for the project.  From start to finish, the construction process lasted two years.  Vice-President, Chris Cooke explained that the project cost approximately $30 million and was privately financed.

     Site Selection:  Spa Castle chose to purchase land and build in Carrollton, Texas because the land was acquired for a "bargain price," though the exact acquisition price was not disclosed.  The location was also desireable because it is in a young, vibrant, quickly growing area of the Dallas-Fort Worth Metroplex. 

Minutes from North Dallas, Addison, Lewisville, Richardson and Plano, the location is surrounded by affluent populations which can consume Spa Castle's offerings.  The site was also selected because the City Government in Carrolton was willing to modify zoning for the land and offer a package of incentives.

 Amenities: The heart of the operation is the offering of spa services such as massages, facials, manicures, pedicures and aroma therapy. However, the campus also offers indoor and outdoor pools, banquet rooms, a restaurant, food court, fitness center and rooftop bar. Additionally, a 27 room hotel is under construction on the property.

     Future Growth:  Spa Castle plans to open an additional ten locations in the coming years.  A location is scheduled to open this year on Madison Avenue in Manhattan.  Next year a Chicago location is slated to open and in 2014, business operations are scheduled to commence in Poconos, Pennsylvania.  The future looks promising for this unique business.