Stony Point Fashion Park may be close to reeling in a big new tenant to fill one of its larger vacancies.
Minnesota-based gym brand Life Time, which operates 140 locations nationally, said it is eyeing the Southside Richmond mall for a potential new outpost.
“I can confirm that we’ve got an interest in this location (Stony Point Fashion Park) but don’t have further detail to share just yet,” Life Time spokeswoman Natalie Bushaw wrote in an email Friday.
While Life Time did not specify which Stony Point space it is interested in, the mall’s website suggests it is the former Dick’s Sporting Goods space, which was left vacant last year at the southwestern end of the shopping center. The Dick’s building is now labeled as “Health Club” on the mall’s directory.
Interest from Life Time comes as Stony Point owner Starwood Capital Group is in negotiations with the city’s Economic Development Authority to purchase an adjacent 3-acre lot for an expansion of the mall, the details of which remain under wraps.
Starwood spokesperson Karen Alley declined to comment, stating that leasing discussions with current or potential tenants are confidential.
The size of and amenities at Life Time locations vary and may include gyms, spas, tennis courts, cafes, boutiques, kids’ play areas, lounges and coworking spaces.
The company said its average club size is 130,000 square feet. The empty Dick’s space at Stony Point is roughly 84,000 square feet.
Life Time operates five locations in the Northern Virginia area. Memberships range from $30 to $180 per month, with its Virginia locations averaging $100 per month.
BizSense reporter J. Elias O’Neal contributed to this report.