Henderson gym to build adjacent luxury apartment complex
Updated June 3, 2019 - 3:31 pm

A luxury apartment complex construction site behind Life Time Athletic is seen on Monday, June, 3 2019, in Henderson. The operators of Henderson's Life Time Athletic club are building a luxury apartment complex behind the facility. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Minnesota-based Life Time, operator of the Life Time Athletic club in Henderson, plans to build a 148-unit apartment complex, a rendering of which is seen here, next to the gym. (Courtesy of Life Time)

Life Time founder Bahram Akradi

Members at Life Time Athletic workout on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Life Time Athletic photographed on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

A luxury apartment complex construction site behind Life Time Athletic is seen on Monday, June, 3 2019, in Henderson. The operators of Henderson's Life Time Athletic club are building a luxury apartment complex behind the facility. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Members sign in at Life Time Athletic's front desk on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Members at Life Time Athletic participate in Aquatic exercise on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

A luxury apartment complex construction site, back, and Life Time's swimming pool are seen behind the facility on Monday, June, 3 2019, in Henderson. The operators of Henderson's Life Time Athletic club are building a luxury apartment complex behind the facility. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

A luxury apartment complex construction site, back, and Life Time's swimming pool are seen behind the facility on Monday, June, 3 2019, in Henderson. The operators of Henderson's Life Time Athletic club are building a luxury apartment complex behind the facility. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Children, including Emma Molfetta, second left, Vittoria Tesfaye, and Myah-Becerra-Malone, third right, play during their summer camp program at Life Time Athletic on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Peter Radu of Henderson works out at Life Time Athletic on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Peter Radu of Henderson works out at Life Time Athletic on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Members at Life Time Athletic work out on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Members at Life Time Athletic exercise during spinning class on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

Life Time Athletic's fitness service desk is seen on Monday, June, 3 2019, in Henderson. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
The owners of a luxury gym in Henderson have drawn up plans for a high-end apartment complex next door.
Minnesota-based Life Time, operator of the Life Time Athletic club across the street from Green Valley Ranch Resort, recently announced plans to build a 148-unit residential complex. Site work is underway.
The rental building, at the northwest corner of Serene Avenue and Carnegie Street, is expected to open in late 2020.
The project comes amid a years-long apartment-construction boom around the Las Vegas Valley and fast-rising rents that are stretching affordability for some tenants.
Life Time founder Bahram Akradi told the Review-Journal rental prices aren’t finalized at the Life Time Living complex. But he said one-bedroom units might cost about $2,500 per month and two-bedrooms will probably start at $3,000.
By comparison, tenants paid an average of $1,073 per month for a Las Vegas-area apartment last quarter, New York research firm Reis Inc. previously reported.
Akradi said tenants would get Life Time’s highest level of gym membership at no additional cost and that the apartments are designed to potentially be sold as condos. According to Akradi, the units are larger than typical apartments and boast higher-quality finishes.
City documents show the seven-story building will include two levels of parking, the one-bedroom apartments will span from 904 to 1,290 square feet, and the two-bedrooms will range from 1,272 to 2,580 square feet.
The Henderson Planning Commission approved project plans in September, city spokeswoman Kathleen Richards said Monday.
It’s a new line of business for Life Time. Akradi said the health-club chain does not operate any residential buildings now, but three or four are under construction in other cities and more are planned.
The Henderson gym boasts indoor and outdoor tennis courts and pools, basketball courts, fitness classes, a café and other components.
The company boasts more than 140 locations in the U.S. and Canada, including in Summerlin near Red Rock Resort. Akradi gave no indication that Life Time has plans to build a residential complex near that gym.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.