The Los Angeles-based yoga company expanded in 2017, and took over the studio at 3528 Wilson Blvd from local company Tranquil Space. YogaWorks filed for bankruptcy last month, and announced it would close all of its studios around the country.
“The COVID-19 pandemic has created unprecedented challenges for our industry and business, including mandatory studio closures and social distancing-imposed attendance restrictions even where studios have been permitted to reopen,” YogaWorks CEO Brian Cooper said in a statement. “After considering a number of alternatives to overcome the financial challenge of the studio closures, we determined that implementing an orderly restructuring process is in the best interest of all of our key stakeholders, most notably our dedicated teachers and passionate students.”
Cooper said that the company has adapted to the pandemic by expanding its digital platform, with more than 40 live streaming yoga classes per day and upward of 1,000 hours of pre-recorded classes and yoga workshops.
“We look forward to continuing to serve our loyal students and positioning YogaWorks for long-term success,” Cooper said. “We will continue to make decisions that provide the most benefit to our team, students, and partners, and we are confident that we will emerge from this process a stronger organization.”
The former YogaWorks space — a one-story building next to the Arlington Arts Center in the Virginia Square area — is now listed for lease.
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