SANTA MONICA, Calif.,
Nov. 8, 2021 /PRNewswire/
-- Macerich (NYSE: MAC), one of the nation's leading
owners, operators and developers of one-of-a-kind retail and
mixed-use properties in top markets, and Life Time (NYSE:
LTH), the nation's premier healthy lifestyle brand, today announced
a new luxury athletic resort is planned for Scottsdale Fashion
Square in Arizona.
Once completed in 2023, Life Time at Scottsdale Fashion Square
will be the seventh Life Time in Arizona and the second to open with Macerich
in the Phoenix metro area. Life
Time at Biltmore Fashion Park opened its popular healthy lifestyle
destination in March 2020.
The 3-level, 40,000-square-foot Life Time will
open adjacent to the entrance to the Luxury Wing, Scottsdale
Fashion Square's dedicated luxury enclave anchored by Neiman Marcus at the north end of the property,
which now features Arizona's only
Dior, St. Laurent, Nobu, Bottega Veneta, Jimmy Choo and a wealth of other exclusive
global brands.
"Life Time is an exceptional lifestyle brand that will be a
wonderful complement to the retail, dining and entertainment
experiences at Scottsdale Fashion Square, Arizona's undisputed luxury powerhouse," said
Ed Coppola, President, Macerich. "As
we continue to densify and diversify our top-performing properties
with exciting new uses, including upscale health and wellness
offerings, like Life Time, we continue to give more people more
reasons to spend time at our regional town centers."
The new Life Time at Scottsdale Fashion Square will feature an
exciting variety of experiential elements, all related to health,
exercise, wellness and community. Exclusive programming in
dedicated studios for group fitness, cycle, yoga and small group
training, a rooftop beach club and bar and other sought-after
amenities will make the resort a must-go destination.
"We are excited to work with Macerich to bring our Life Time
Athletic resort to Fashion Square and serve even more of the
Phoenix area with the best
wellness experiences and programming," said Parham Javaheri, Chief Property Development
Officer, Life Time. "We know from the success of Biltmore that
people enjoy the high-end offerings that Life Time brings to
Macerich's retail and mixed-use locations and look forward to
what's ahead."
Scottsdale Fashion Square is Macerich's historically dominant,
1.9 million square-foot retail property with six anchors and more
than 200 shops and restaurants. Future plans call for a
mixed-use development of an adjacent 7-acre parcel north of the
mall.
About Life Time®
Over nearly 30 years, Life Time has reshaped the way consumers
approach their health through omnichannel, healthy way of life
communities that address all aspects of healthy living, healthy
aging and healthy entertainment. More than 30,000 Life Time
professionals are dedicated to providing the best programs and
experiences at more than 150 Life Time athletic resort destinations
in the United States and
Canada, and via a complementary,
comprehensive digital platform and portfolio of iconic athletic
events – all with the objective of inspiring healthier, happier
lives.
About Macerich
Macerich is a fully integrated, self-managed and
self-administered real estate investment
trust (REIT), which focuses on the acquisition,
leasing, management, development, and redevelopment of
regional town centers throughout the
United States.
Macerich currently owns 49 million square feet of real estate
consisting primarily of interests
in 45 regional town centers. Macerich specializes in
successful retail properties in many of the country's
most attractive, densely populated markets with significant
presence on the West Coast and in Arizona, Chicago and the Metro New York to Washington, D.C. corridor. A recognized leader
in sustainability, Macerich has achieved a #1 GRESB
ranking for U.S. retail for seven straight
years (2015 – 2021). Additional information about Macerich can be
obtained from the Company's website
at www.Macerich.com.
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SOURCE Macerich Company