Posted May 10, 2013 12:25 pm by

L.A. Fitness scouting for downtown Minneapolis location.L.A. Fitness has 17 metro area locations, including this one in Hopkins at the intersection of Highway 7 and County Road 73. Minneapolis developer Ned Abdul developed the site for L.A. Fitness in 2008.

 

L.A. Fitness wants to open a gym in downtown Minneapolis.

The company’s site search has included skyway-connected buildings along Marquette Avenue and Nicollet Mall, according to multiple real estate sources with knowledge of the search who asked not to be identified to protect client relationships.

There are a few buildings in the area with vacancies large enough to accommodate a health club, including the 510 Marquette building that developer Ned Abdul purchased in March and the former Neiman Marcus space at Gaviidae Common II that United Properties has under contract. There’s also ample room in Block E.

The challenge will be for L.A. Fitness to find a deal that fits its typical development criteria. Most of its suburban stores are around 45,000 square feet and cost about $8 million to build. They generally include a swimming pool and basketball and racquetball courts, all of which require large, open spaces without pillars — a feature that’s hard to find downtown.

Irvine, Calif.-based L.A. Fitness opened its first Twin Cities location in Apple Valley in 2007. It now has 14 facilities in the market, including a location at Uptown’s Calhoun Square. It’s also building a new gym in Brooklyn Center.

Tom Martin, a retail broker at Cushman & Wakfield/NorthMarq who represents L.A. Fitness in the Twin Cities, declined to comment on the prospect of a downtown location. But he said the company remains in expansion mode.

“All logical trade areas left to explore are being considered,” he said.

A representative from L.A. Fitness could not be reached for comment.

There are already a variety of options for downtown fitness. There are two Life Time Fitness locations — one in The Grand Hotel Minneapolis and the other at Target Center — as well as a YMCA at LaSalle Plaza and a YWCA on Nicollet Mall.

Plus, there are some smaller clubs operated by Anytime Fitness, Snap Fitness and Steele Fitness. And at least a dozen class A office buildings offer fitness centers as an amenity for their tenants.

 

L.A. Fitness wants to open a gym in downtown Minneapolis.

The company’s site search has included skyway-connected buildings along Marquette Avenue and Nicollet Mall, according to multiple real estate sources with knowledge of the search who asked not to be identified to protect client relationships.

There are a few buildings in the area with vacancies large enough to accommodate a health club, including the 510 Marquette building that developer Ned Abdul purchased in March and the former Neiman Marcus space at Gaviidae Common II that United Properties has under contract. There’s also ample room in Block E.

The challenge will be for L.A. Fitness to find a deal that fits its typical development criteria. Most of its suburban stores are around 45,000 square feet and cost about $8 million to build. They generally include a swimming pool and basketball and racquetball courts, all of which require large, open spaces without pillars — a feature that’s hard to find downtown.

Irvine, Calif.-based L.A. Fitness opened its first Twin Cities location in Apple Valley in 2007. It now has 14 facilities in the market, including a location at Uptown’s Calhoun Square. It’s also building a new gym in Brooklyn Center.

Tom Martin, a retail broker at Cushman & Wakfield/NorthMarq who represents L.A. Fitness in the Twin Cities, declined to comment on the prospect of a downtown location. But he said the company remains in expansion mode.

“All logical trade areas left to explore are being considered,” he said.

A representative from L.A. Fitness could not be reached for comment.

There are already a variety of options for downtown fitness. There are two Life Time Fitness locations — one in The Grand Hotel Minneapolis and the other at Target Center — as well as a YMCA at LaSalle Plaza and a YWCA on Nicollet Mall.

Plus, there are some smaller clubs operated by Anytime Fitness, Snap Fitness and Steele Fitness. And at least a dozen class A office buildings offer fitness centers as an amenity for their tenants.

L.A. Fitness wants to open a gym in downtown Minneapolis.

The company’s site search has included skyway-connected buildings along Marquette Avenue and Nicollet Mall, according to multiple real estate sources with knowledge of the search who asked not to be identified to protect client relationships.

There are a few buildings in the area with vacancies large enough to accommodate a health club, including the 510 Marquette building that developer Ned Abdul purchased in March and the former Neiman Marcus space at Gaviidae Common II that United Properties has under contract. There’s also ample room in Block E.

The challenge will be for L.A. Fitness to find a deal that fits its typical development criteria. Most of its suburban stores are around 45,000 square feet and cost about $8 million to build. They generally include a swimming pool and basketball and racquetball courts, all of which require large, open spaces without pillars — a feature that’s hard to find downtown.

Irvine, Calif.-based L.A. Fitness opened its first Twin Cities location in Apple Valley in 2007. It now has 14 facilities in the market, including a location at Uptown’s Calhoun Square. It’s also building a new gym in Brooklyn Center.

Tom Martin, a retail broker at Cushman & Wakfield/NorthMarq who represents L.A. Fitness in the Twin Cities, declined to comment on the prospect of a downtown location. But he said the company remains in expansion mode.

L.A. Fitness wants to open a gym in downtown Minneapolis.

The company’s site search has included skyway-connected buildings along Marquette Avenue and Nicollet Mall, according to multiple real estate sources with knowledge of the search who asked not to be identified to protect client relationships.

There are a few buildings in the area with vacancies large enough to accommodate a health club, including the 510 Marquette building that developer Ned Abdul purchased in March and the former Neiman Marcus space at Gaviidae Common II that United Properties has under contract. There’s also ample room in Block E.

The challenge will be for L.A. Fitness to find a deal that fits its typical development criteria. Most of its suburban stores are around 45,000 square feet and cost about $8 million to build. They generally include a swimming pool and basketball and racquetball courts, all of which require large, open spaces without pillars — a feature that’s hard to find downtown.

Irvine, Calif.-based L.A. Fitness opened its first Twin Cities location in Apple Valley in 2007. It now has 14 facilities in the market, including a location at Uptown’s Calhoun Square. It’s also building a new gym in Brooklyn Center.

Tom Martin, a retail broker at Cushman & Wakfield/NorthMarq who represents L.A. Fitness in the Twin Cities, declined to comment on the prospect of a downtown location. But he said the company remains in expansion mode.

“All logical trade areas left to explore are being considered,” he said.

A representative from L.A. Fitness could not be reached for comment.

There are already a variety of options for downtown fitness. There are two Life T

L.A. Fitness wants to open a gym in downtown Minneapolis.

The company’s site search has included skyway-connected buildings along Marquette Avenue and Nicollet Mall, according to multiple real estate sources with knowledge of the search who asked not to be identified to protect client relationships.

There are a few buildings in the area with vacancies large enough to accommodate a health club, including the 510 Marquette building that developer Ned Abdul purchased in March and the former Neiman Marcus space at Gaviidae Common II that United Properties has under contract. There’s also ample room in Block E.

The challenge will be for L.A. Fitness to find a deal that fits its typical development criteria. Most of its suburban stores are around 45,000 square feet and cost about $8 million to build. They generally include a swimming pool and basketball and racquetball courts, all of which require large, open spaces without pillars — a feature that’s hard to find downtown.

Irvine, Calif.-based L.A. Fitness opened its first Twin Cities location in Apple Valley in 2007. It now has 14 facilities in the market, including a location at Uptown’s Calhoun Square. It’s also building a new gym in Brooklyn Center.

Tom Martin, a retail broker at Cushman & Wakfield/NorthMarq who represents L.A. Fitness in the Twin Cities, declined to comment on the prospect of a downtown location. But he said the company remains in expansion mode.

“All logical trade areas left to explore are being considered,” he said.

A representative from L.A. Fitness could not be reached for comment.

There are already a variety of options for downtown fitness. There are two Life Time Fitness locations — one in The Grand Hotel Minneapolis and the other at Target Center — as well as a YMCA at LaSalle Plaza and a YWCA on Nicollet Mall.

Plus, there are some smaller clubs operated by Anytime Fitness, Snap Fitness and Steele Fitness. And at least a dozen class A office buildings offer fitness centers as an amenity for their tenants.

ime Fitness locations — one in The Grand Hotel Minneapolis and the other at Target Center — as well as a YMCA at LaSalle Plaza and a YWCA on Nicollet Mall.

Plus, there are some smaller clubs operated by Anytime Fitness, Snap Fitness and Steele Fitness. And at least a dozen class A office buildings offer fitness centers as an amenity for their tenants.

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There are already a variety of options for downtown fitness. There are two Life Time Fitness locations — one in The Grand Hotel Minneapolis and the other at Target Center — as well as a YMCA at LaSalle Plaza and a YWCA on Nicollet Mall.

Plus, there are some smaller clubs operated by Anytime Fitness, Snap Fitness and Steele Fitness. And at least a dozen class A office buildings offer fitness centers as an amenity for their tenants.