INDIANAPOLIS and CHANHASSEN, Minn., June
7, 2017 /PRNewswire/ -- Life Time is coming to Southdale
Center in Edina. Life
Time®, the nation's premier Healthy Way of Life Company
and lifestyle brand, and Simon, a global leader in premier
shopping, dining and entertainment destinations (Simon Property
Group, NYSE: SPG) confirmed the planned, three-level, 120,000
square-foot athletic resort will occupy redeveloped space where the
current J.C. Penney store is located
with an expected opening in early 2019.
Through the collaboration, Life Time and Simon are transforming
the former anchor space to better serve the evolving needs and
demands of time-starved consumers. Life Time's planned healthy
living, healthy aging, healthy entertainment destination at
Southdale Center will be the first-of-its-kind in Minnesota for Life Time, which currently
operates 23 other destinations throughout the Twin Cities metro and 127 across
North America.
"This project with Life Time is part of a larger vision for
Southdale Center – to create a connected community epicenter," said
Michael McCarty, Executive Vice
President of Development Operations. "With new nearby
apartments, the recently opened Hennepin County Service Center, a
hotel coming soon, and this athletic resort on the way, Southdale
is realizing that vision."
Life Time Chairman, CEO and Founder, Bahram Akradi, has created detailed plans that
transform retail shopping centers into 'healthy lifestyle
villages,' where people shop, live, work, entertain, socialize and
exercise, visit their doctor and relax at the spa. "We have long
looked for the right opportunity to bring Life Time to the
Edina community and serve area
residents with an unparalleled experience. Our focus is to develop
all-inclusive destinations that encompass the full spectrum of
daily life for thousands of individuals, couples and families of
all ages," said Akradi.
Additional details on the development will be announced in the
coming months.
About Southdale Center
Southdale Center is the
nation's first indoor regional shopping mall. The center, which
opened in 1956, is anchored by Macy's, Herberger's and JC Penney.
Southdale includes more than 120 specialty stores ranging from
women's apparel to gifts and jewelry. Among the 120 specialty
stores are Michael Kors, Madewell, Brighton Collectibles, J. Crew,
Francesca's Collections, Sephora, Coach, and The Apple Store. The
mall also features a wide variety of sit-down and grab-and-go
dining options, and includes a full-service movie theater, AMC
Southdale 16. Located off of 66th Street and France
Avenue in Edina, Southdale serves
the Twin Cities metro area. For
more information, visit simon.com/mall/southdale-center.
About Life Time®
Life Time is a privately
held, comprehensive health and lifestyle company and brand that
offers a personalized and scientific approach to long-term health
and wellness. Through its portfolio of distinctive resort-like
destinations, athletic events and corporate health services, the
Healthy Way of Life Company helps members achieve their goals every
day with the support of a team of dedicated professionals and an
array of proprietary health assessments. As of June 7, 2017 the company operates 126 centers in
27 states and 35 major markets under the LIFE TIME
FITNESS® and LIFE TIME ATHLETIC® brands in
the United States and Canada. Additional information is available at
www.lifetimefitness.com.
About Simon
Simon is a global leader in retail real
estate ownership, management and development and an S&P 100
company (Simon Property Group, NYSE:SPG). Our industry-leading
retail properties and investments across North America, Europe and Asia provide shopping experiences for millions
of consumers every day and generate billions in annual retail
sales. For more information, visit simon.com.
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SOURCE Simon