Life Time signs 20-year lease for Miami Edgewater gym in Crescent Heights towers
Life Time just signed a 20-year lease for a huge new gym in Miami.
The short version
- The project brings a high-end fitness club to Edgewater across a full city block.
- The site will also feature 1,307 apartments built under a Florida housing law.
Life Time, the high-end gym operator formerly known as Life Time Fitness, is coming to Miami’s Edgewater neighborhood with a 20-year lease. The Chanhassen, Minnesota-based fitness chain locked in the space at 3180 Biscayne Boulevard, a 2.6-acre, full-block development site owned by Crescent Heights, according to documents filed to Miami-Dade County and reported by Commercial Observer.
The gym will likely anchor a mixed-use development using the Live Local Act, a Florida law that grants developers faster approvals if at least 40 percent of units are priced as workforce housing. In January, Crescent Heights, a Miami-based developer led by Russell Galbut, filed plans to build two towers with 1,307 apartments, 1,163 parking spots, and 98,729 square feet of commercial space on the land, which currently holds low-rise commercial buildings between Northeast 31st and 32nd streets.
The long-term lease includes four five-year extension options and gives Life Time the exclusive rights to operate a pickleball court alongside group fitness classes for cycling, Pilates, yoga and barre in one building, while allowing the developer to build a separate 4,000-square-foot gym for residents.
Crescent Heights is no stranger to the neighborhood, having completed the nearby 40-story rental Forma tower in 2024, which houses a Whole Foods grocery store, which is the high-end supermarket chain, on the ground floor. Life Time will be joining a crowded market in the area, where Equinox, which is the luxury fitness club chain, signed a 31,000-square-foot lease at a mixed-use high-rise a few blocks south, and Anatomy, which is the Miami-based boutique gym operator, also runs a 15,000-square-foot location. Representatives for Life Time and Crescent Heights did not immediately respond to requests for comment.
