Life Time paid $8.185 million for 8.5 acres it bought from the Skinner family at the entrance of Seven Pines to develop its first athletic resort club in Northeast Florida and the sixth in the state.
LTF Real Estate Company Inc. of Chanhassen, Minnesota, where Life Time is based, bought the property March 29 from Sawmill Timber LLC, which is led by members of the Skinner family of Jacksonville.
The deed was recorded April 8 with the Duval County Clerk of Courts.
The location is at the entrance of Seven Pines at southwest Butler and Kernan boulevards. The Skinner family owns the Seven Pines property and has been selling parcels for development.
Life Time is an athletic country club with more than 170 locations in the U.S. and Canada.
Parham Javaheri, Life Time chief property development officer and president of club operations, said April 4 the development will be the main anchor for the Seven Pines residential, office and retail development.
“As we expand into Florida, this is an ideal location for us to bring our healthy way of life experiences to a new community,” he said in a statement provided by email.
At Seven Pines, Life Time plans a two-story, 85,000-square-foot location with a 50,000-square-foot outdoor beach club.
The outdoor beach club will include a combined lap and leisure pool, waterslide, lesson pool, outdoor bistro and resort/lounge-style seating.
Chip and Riley Skinner, part of the ownership group, said previously that no construction start has been announced but is expected to take 18-24 months. Life Time expects to hire more than 150 employees.
Colliers International Florida Executive Director Jason Ryals, a retail specialist, represented Life Time in the purchase.
The city issued a Concurrency Reservation Certificate on Feb. 16 for development of an 88,000-square-foot project on the site. That means the project has reserved capacities for potable water, sanitary sewer, solid waste, roads, mass transit and drainage.
Jacksonville-based England, Thims & Miller Inc. is the civil engineer.