Both clubs closed earlier this year and will reopen as Life Time athletic country clubs. The company reported no additional details.
“Life Time has a more than a 30-year track record of building and operating large-scale, resort-like destinations including greenfield sites, mall redevelopments, and vertical residential projects, as well as capital-light growth opportunities through strategic acquisitions such as this,” said Parham Javaheri, Life Time’s chief property development officer. “We’ve worked closely with The RMR Group and L&L Holding Group on these types of projects in the past, and this was a terrific opportunity to expand Life Time’s presence in the Tampa and Atlanta markets with additional athletic country clubs and elevated experiences.”
Life Time entered the Florida market in 2006 with Life Time Boca Raton. Today, the company operates four locations—Boca Raton, Coral Gables, Tampa, and West Palm Beach. Later this summer, a new club will open in Pinecrest, located in the greater Miami market.
The first Life Time in Georgia opened in 2006 in Alpharetta, and the company now operates destinations in Johns Creek, Peachtree Corners, Sandy Springs, Sugarloaf, and Woodstock. In December 2022, Life Time expanded with an athletic country club destination and its Life Time Work coworking space at Phipps Plaza in Buckhead. A second Atlanta-based Life Time Work opened in Sandy Springs in September 2022.
Life Time operates over 160 athletic country clubs across the U.S. and Canada.
