SANTA MONICA, Calif.,
Dec. 6, 2017 /PRNewswire/ -- Macerich
(NYSE:MAC), one of the nation's leading owners, operators and
developers of retail properties in top markets, and Life
Time®, the nation's only Healthy Way of Life brand,
today announced a ground-up, 80,000 square-foot,
resort-like Life Time Athletic healthy lifestyle, wellness and
entertainment destination to be built at Biltmore Fashion Park in
Phoenix.
The luxury, high-end destination will be the first Diamond-level
location for Life Time in Arizona,
and the organization's sixth club in the state. The new destination
will be built in the east surface parking lot of the shopping
center.
Life Time at Biltmore Fashion Park will offer a healthy living,
healthy aging, healthy entertainment resort LifeSpa, a full-service
salon and spa providing serene and relaxing treatment rooms for
massage and facials as well as full hair and nail service;
LifeCafe, a full-service, fast casual restaurant and bar; and a
rooftop pool with bistro, plus a unique Kids Academy program, group
fitness studios, yoga studios, a cycle studio, a Pilates studio,
basketball court and much more.
"Biltmore Fashion Park is the ideal setting for our new Diamond
location, which will be our most luxurious health, wellness,
lifestyle and entertainment destination in the Phoenix area," said Jeff Zwiefel, Life Time chief operating officer.
"Our members already spend time in this well-placed property in the
heart of the upscale Camelback Corridor, and it's a great fit for
our Life Time brand."
Said Macerich Chairman and CEO Art
Coppola: "Biltmore Fashion Park, with its park-like green
lawns and outstanding collection of luxury retail and fine dining,
is a favorite experience for the region's best shoppers. The new,
top-level Life Time destination adds to the powerful list of
attractions for this true town square and one-of-a-kind property,
and further demonstrates Macerich's ability to elevate the
experiences in our exceptional portfolio."
The iconic, all-outdoor Biltmore Fashion Park is Arizona's original luxury retail destination,
featuring Saks Fifth Avenue, Stuart
Weitzman, Jonathan Adler,
lululemon and more, plus a stellar line-up of destination
restaurants including The Capital Grille, The Cheesecake Factory,
Christopher's and Seasons 52, and a rich variety of dining
experiences from Fox Restaurant Concepts, such as True Food
Kitchen, Zinburger and BLANCO TACOS + TEQUILA.
About Life Time®—Healthy Way of Life
Life
Time champions a healthy and happy life for its members across 129
destinations in 37 major markets in the U.S. and Canada. As
the nation's only Healthy Way of Life brand, Life Time
delivers an unmatched athletic resort experience and provides a
comprehensive healthy living, healthy aging and healthy
entertainment experience that goes well beyond fitness to encompass
the entire spectrum of daily life for individuals, couples and
families of all ages. For more information
visit www.lifetime.life.
About Macerich
Macerich, an S&P 500 company, is a fully integrated
self-managed and self-administered real estate investment trust,
which focuses on the acquisition, leasing, management, development
and redevelopment of regional malls throughout the
United States.
Macerich currently owns 53 million square feet of real estate
consisting primarily of interests in 48 regional shopping centers.
Macerich specializes in successful retail properties in many of the
country's most attractive, densely populated markets with
significant presence in the Pacific
Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor.
A recognized leader in sustainability, Macerich has earned
NAREIT's prestigious "Leader in the Light" award every year from
2014-2017. For the third straight year in 2017 Macerich achieved
the #1 GRESB ranking in the North American Retail Sector, among
many other environmental accomplishments. Additional information
about Macerich can be obtained from the Company's website
at www.macerich.com.
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SOURCE Macerich Company