Luxury athletic resort to take over Bloomingdale’s space at The Falls

140K sf project will include outdoor beach club, indoor aquatic center and basketball courts

TRD MIAMI /
Jan.January 08, 2020 05:00 PM
Rendering of Life Time’s resort at The Falls

Rendering of Life Time’s resort at The Falls

Life Time Fitness will be bulking up the Bloomingdale’s space at The Falls, as malls around the country try to adapt to the changing retail environment.

The company plans to break ground on a 140,000-square-foot luxury athletic resort after Bloomingdale’s closes its doors later this month, a spokesperson for Simon Property Group confirmed. Simon owns the mall at 8888 Southwest 136th Street in Miami.

WPLG Local 10 reported that Bloomingdale’s would be closing Jan. 11 after operating that store for 35 years, and the South Florida Business Journal first reported Life Time’s plans last year.

The Life Time resort would be completed by 2022, according to a press release. It will feature fitness and training areas with group fitness, cycling, yoga, Pilates and Barre studios; a kids academy, spa, cafe, regulation-size basketball courts, an indoor aquatic center and a 40,000-square-foot outdoor beach club with pools, whirlpools, lounge areas and a bistro.

In Florida, Life Time has locations in Tampa and Boca Raton and others in the pipeline in Coral Gables and Palm Beach Gardens. Last year, Life Time’s CEO Bahram Akradi paid $10 million for a waterfront single-family home lot in Hillsboro Beach.

Other changes at The Falls include an expansion and renovation of Regal Cinemas, which will be completed this summer, according to Simon’s website.

The Falls, a 55-acre shopping center, has nearly 840,000 square feet of retail space and more than 100 stores and restaurants, as well The Fresh Market. Macy’s is an anchor tenant.

Macy’s, which owns Bloomingdale’s, announced recently that it plans to close 28 Macy’s across the country, including one in Pompano Beach.


Related Articles

arrow_forward_ios
Seritage CEO Benjamin Schall, CTO CEO John Albright, and 1460 West 49th Street, Hialeah (Credit: Google Maps)

Seritage sells Hialeah shopping center for $21M

Seritage sells Hialeah shopping center for $21M
Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL's Tom Hall and Danny Finkle (Google Maps, JLL)

Southland Mall’s troubled $65M CMBS loan for sale

Southland Mall’s troubled $65M CMBS loan for sale
From left: Chris Maling, Donald K. DeWoody Jr., David Maling, and Alfredo Sanchez

North Palm Beach mixed-use property hits the market for $45M

North Palm Beach mixed-use property hits the market for $45M
Raanan Katz and 10760 Northwest 17th Street in Sweetwater (Photos via RK Centers; Raanan Katz)

Miami Heat minority owner pays $20M for Sweetwater Best Buy

Miami Heat minority owner pays $20M for Sweetwater Best Buy
27359 South Dixie Highway and Longpoint Realty Managing and Founding Partner Dwight Angelini (Google Maps)

Longpoint buys Fresco Y Mas-anchored center in Naranja

Longpoint buys Fresco Y Mas-anchored center in Naranja
Hard Rock Cafe at Bayside Marketplace (Hard Rock)

Bayside Marketplace sues to evict Bubba Gump, Hard Rock Cafe and three other tenants

Bayside Marketplace sues to evict Bubba Gump, Hard Rock Cafe and three other tenants
Commissioner Ricky Arriola and an aerial of Sunset Harbour in Miami Beach (Compass)

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour
Diane Von Furstenberg, Brookfield Properties Bruce Flatt, and the DVF store in the Shops at Merrick Park (Getty, Google Maps)

Brookfield seeks to evict Diane Von Furstenberg at Merrick Park

Brookfield seeks to evict Diane Von Furstenberg at Merrick Park
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...