Life Time Announces Land Deal with Maple Grove To Build New Club
The city of Maple Grove and Life Time announced a land deal Thursday that would allow Life Time to build a new flagship fitness club, while allowing the city to continue its vision to expand the Maple Grove Community Center.
The community center, which adjoins the current Life Time, is already undergoing improvements, including adding a third sheet of ice.
Under the agreement, the city will secure 17.5 acres of land in the Minnesota Health Village, located southeast of the intersection of Highway 610 and Interstate 94 near Maple Grove Hospital. That land will be used by Life Time to build a new club and allow the city to pursue additional development opportunities.
In exchange, Maple Grove will assume ownership of Life Time’s 70,000-square-foot building, which city leaders say will help broaden the scope of the community center renovation and expansion.
“We are excited to bring the fullest vision of the Maple Grove Community Center project to life,” said Mayor Mark Steffenson in a press release to CCX News. “This will allow us to complete our vision for the city’s municipal campus, which includes the community center, Town Green and the government center – along with flexibility for new development that would occur along Main Street.”
Phase one of renovations are taking place with phase two of the project expected to begin later next year. The future construction will include renovations to the aquatics area and other infrastructure improvements, which will now be enhanced with the Life Time building acquisition.
According to the city press release, Maple Grove will utilize $10.9 million from existing capital funds to complete the deal. The city’s share of the transaction will ultimately reach $17.5 million, including a tax abatement and a waiver of special assessments for the new Life Time building.
Rendering of Maple Grove Community Center renovation
Life Time’s New Club To Offer ‘Cutting-Edge Approach’
Life Time is proposing a new flagship athletic club in the city that aims to offer a “cutting-edge approach to healthy living” with additional programming and amenities.
“We look forward to offering a new, more comprehensive athletic country club featuring our latest designs and amenities that better serves our members,” said John Griffith, senior vice president of real Estate and development at Life Time.
The agreement would allow Life Time to lease its current facility at the Maple Grove Community Center until its new athletic club is operational so no service is interrupted.
Life Time’s concept plans for the Minnesota Health Village are expected to come forward at the Nov. 25 Maple Grove Planning Commission meeting.
The Maple Grove City Council is then expected to review the plans at its Dec. 2 meeting along with agreements for the real estate exchange, leasing and tax abatement.
