Friday, Sept. 10, 2010 | 3 a.m.
Although many developers have opted to remain on the sidelines, a Minnesota-based health club company is sounding an optimistic note about the Las Vegas economy.
Life Time Fitness said it has resumed construction of its 140,000-square-foot, three-story facility at a 10721 W. Charleston Blvd. and plans to open it in the second half of 2011.
Construction on the Summerlin project started in October 2008 but was halted by April 2009, said Jason Thunstrom, a senior director.
“The economic headwinds started to blow hard, and we took a look at our development schedule and scaled back from opening eight to 11 a year,” Thunstrom said.
The facilities cost $20 million to $39 million, and the decision was made to open three a year in 2009 and 2010.
“We had a number of facilities in various stages of completion, and in the case of the one in Summerlin, it wasn’t as far along as some of the others. So that’s why we held off on it,” Thunstrom said.
The company doesn’t view itself as a health club and so doesn’t see itself as competing against Las Vegas Athletic Club and similar facilities.
“We are more of a resort and country club destination without a golf course,” Thunstrom said. “We are not just a roomful of equipment.”
The facility will offer a full-service day spa; hair, nail and skin-care salon; indoor and outdoor pools; a bistro; climbing wall; child care center; computer center; and junior gymnasium. Nutrition coaches and personal trainers will be available, he said.
Summerlin was chosen because that area fit the demographic of the clientele it will serve, Thunstrom said.
“We see the Summerlin market as growing and a market having the right demographics who look for a health and wellness resort like we build,” Thunstrom said. “It comes down to analyzing household and existing income levels.”
That is reflected on what it will cost to join the facility, which isn’t like the typical $20 a month or so for a health club membership. Dues haven’t been finalized, but Life Time Fitness has facilities that fall under one of four membership prices: $49.95, $59.95, $79.95 and $119.95 a month.
Life Time Fitness has 90 facilities in 24 markets in 19 states.
In other news
• H&M, the Swedish fashion retailer, said it plans to hire 500 people for its store that will open in November at Forum Shops at Caesars. It plans to hire more than 100 full-time sales staff, 200 part-time sales staff and 200 seasonal staff.
• The Greater Las Vegas Association of Realtors will launch its Young Professionals Network of Nevada for its members under 40. The group will host a mixer from 6 until 9 p.m. Sept. 23 at the Panorama Tower North condominiums, 4471 Dean Martin Drive.
• Colliers International Las Vegas has completed a $4.8 million sale of Sunset Pointe Industrial Center in Henderson to Laguna Beach, Calif.-based Bakken Wineville Properties. Sunset Pointe is a business park with 21 industrial buildings that opened in 2009.
• JVC Architects has been contracted to design an addition and renovation for St. Viator Catholic Church, 2461 E. Flamingo Road. The firm will design new meeting rooms and storage areas as well as modify the existing kitchen. JVC will also design an addition to Prince of Peace Catholic Church, 5845 E. Charleston Blvd. The one-story addition will include a meeting room for the church’s youth programs.
• BusinessSuites, a nationwide operator of executive office suites, said it has acquired two office centers from Davinci Suites: the Nevada Financial Center on Sahara Avenue and the Augusta Business Park in Henderson.