Fitness club chain Life Time has announced it's pushing ahead with the latest – and largest – of its co-working centers known as "Life Time Work."
Despite the pandemic taking a huge toll on office spaces as work-from-home became increasingly the norm, Chanhassen-based Life Time says it is set to open its sixth Life Time Work in the top three floors of the former YMCA building at 30 South 9th Street, which is being revamped as "The Thirty" building.
It will be Life Time's biggest co-working space yet, comprising 53,000 square feet across three floors, and will be its third such location in Minnesota, with the others in St. Louis Park and at Southdale Center in Edina.
The company had announced plans to move into downtown Minneapolis in March, and the tumult caused by COVID-19 may have delayed its opening – originally scheduled for the fall – but not derailed the plans.
When it's completed, it will have space for more than 75 offices and "a variety of other private and open workspaces."
It will also have 10 conference rooms, 22 "quiet rooms," private phone rooms, and open meeting spaces, as well as a mother's room, bike storage, and healthy snack options.
Members and tenants will also have access to all Life Time fitness centers and other Life Time Work locations. This will include the Life Time gym located across the street, via the skyway, at Target Center.
Life Time Work President James O'Reilly suggests that the facility could capitalize in the downturn in demand for office space, and offer an option for companies looking to downsize.
“At this time of great economic uncertainty, more companies are placing a premium on flexibility and few co-working operators offer the elevated and dynamic spaces Life Time Work provides to members,” he said.
"We are actively in discussions with larger companies and individuals who are not renewing long term leases downtown and are looking for a more flexible solution that appeals to discerning professionals."