Lifetime Fitness Moves Forward With Mega Gym Site In Raleigh

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An affiliate of Lifetime (NYSE: their website LTM) has paid $5 million for the driving range property, according to Wake County records, which is about a 58 percent premium over its $3.16 million tax this link value. The property is within the watershed area of Falls Lake, but Lifetimes plan to capture and slowly pump water off the site was enough to appease Raleigh city leaders who approved plans for the project in June. Lifetime had originally submitted a rezoning request for the Falls of Neuse Driving Range site in the fall of 2012, which we reported in October of 2012 . Chanhassen, Minn.-based Lifetime plans to build a 112,000-square-foot structure with a 3,000-square-foot cabana. Lifetime has also purchased an additional 2.5 acres next to the site to allow additional access to the club from Walton Commons Drive. The private, members-only health club would have many of the same amenities as a Lifetime Fitness club that opened on Regency Parkway in Cary in 2006 indoor and outdoor swimming pools, a gymnasium, a fitness center, a restaurant, a child care facility, a salon and spa. <br>Read more: http://www.bizjournals.com/triangle/news/2014/01/10/lifetime-fitness-prepares-for-new-mega.html