The luxury club operator is rapidly expanding in the tri-state area, having recently opened the doors to its Penn 1 complex in New York City
Connecticut residents will now have a chance to experience Life Time’s healthy living lifestyle, as the luxury athletic country club operator has just opened its first location in the state, in downtown Stamford.
The 62,000-square-foot facility comes complete with a rooftop beach club and 290 luxury residences available for lease. The new club, located at 130 Tresser Boulevard, provides direct access to Stamford Metro North Station and I-95. The new Connecticut location follows Life Time’s concept of blending health, community and convenience, as seen with its Penn 1 location in New York City.
“Building on the incredible success we’ve experienced with our destinations in New York and New Jersey, we’re very excited to open our first development in Connecticut,” said Parham Javaheri, Life Time chief property development officer. “This project is the result of the tremendous performance of our Life Time and Life Time Living brands and a strong partnership with RoeCo, LLC. The turn-key delivery of the athletic club lease also aligns with our asset-light growth strategy.”
Life Time’s Stamford club offers six studios hosting barre, cycling, high-intensity, Pilates, strength training and yoga classes, a fitness floor designed for cardio and resistance training, and a dedicated small group training area.
In addition to its fitness offerings, Life Time Stamford includes the brand’s signature amenities, such as steam and saunas in its dressing rooms, LifeCafe, a rooftop beach club with a lap pool and LifeSpa massage services.
“We look forward to serving this new community with our unmatched array of healthy living, healthy aging programs and services that foster healthy, socially connected and environmentally conscious lifestyles for both members of Life Time and residents of Life Time Living,” Javaheri added.
For those who opt to buy into the complete Life Time lifestyle, residents can enjoy living in a 10-story building, selecting from one, two or three-bedroom units ranging in size from 540 square feet to over 2,000 square feet. While Life Time membership is open to the public, its residents receive full access to the Stamford club and all 170 Life Time clubs in North America.
Other amenities for Life Time Living residents include access to community spaces and an exclusive penthouse floor with a private dining room, posh work-from-home areas, a golf simulator, lounge and bar area, sundeck and a special area designated for pets.
Despite its relatively high monthly price tag, Life Time continues to experience strong membership growth, recently reporting revenue of $561.7 million for the second quarter, a 21.8% increase from the $461.3 million it posted in Q2 last year.
The reason? Its amenity-rich offerings, according to Life Time founder and CEO Bahram Akradi. Further listening to members and monitoring fitness and wellness trends, Life Time recently added Dynamic Stretching to its personal training program and is committed to providing pickleball players with dedicated courts to meet the needs of the popular net sport.
“Our focus has been working on desirability in clubs, and it’s working,” Akradi told investors. “We entered the third quarter with great momentum as we are delivering extraordinary member experiences. Our company is on a solid footing and well positioned for long-term success.”
The lifestyle operator recently earned a credit rating boost from Moody’s Investor Service thanks to its solid membership growth and performance.
Courtney Rehfeldt has worked in the broadcasting media industry since 2007 and has freelanced since 2012. Her work has been featured in Age of Awareness, Times Beacon Record, The New York Times, and she has an upcoming piece in Slate. She studied yoga & meditation under Beryl Bender Birch at The Hard & The Soft Yoga Institute. She enjoys hiking, being outdoors, and is an avid reader. Courtney has a BA in Media & Communications studies.