Life Time Living Reaches Construction Milestone with Topping Out Ceremony at PV in North Phoenix
PHOENIX, AZ — AUGUST 4, 2026 – RED Development, Life Time, and Clayco celebrated the topping out of Life Time Living at PV, marking the completion of the building’s structural framework and a major milestone in the construction of the 11-story, 327-unit luxury residential community. Totaling approximately 650,000 square feet, the wellness-focused development continues to take shape as part of PV, the more than $2 billion redevelopment of the former Paradise Valley Mall and one of the most significant mixed-use transformations underway in Phoenix.
The topping out ceremony celebrated the project reaching its highest structural point and honored the skilled craft professionals whose work has brought the building to this milestone. As part of the longstanding construction tradition, project partners signed the final steel beam before it was hoisted into place, recognizing the teamwork, craftsmanship and commitment to safety that continue to drive the project forward.
Located adjacent to the Life Time athletic club at 12900 N. Tatum Blvd., the residential building will feature a mix of one-, two- and three-bedroom apartments. Residents will enjoy direct access to health and fitness services through an included Life Time Signature membership. Designed by Lamar Johnson Collaborative and built by Clayco, the project is a key component of the reimagined 100-acre Paradise Valley development, which brings together dining, entertainment, retail, office and residential destinations into a vibrant mixed-use community.
“Reaching this height is a proud moment, and it is a glimpse of what is coming,” said Eric Padget, Vice President of Real Estate and Life Time Living. “When Life Time Living Paradise Valley opens in 2027, its 327 residences will connect directly to the club next door, giving members a complete lifestyle built around total well-being. It’s our fifth Life Time Living community, and we could not be prouder.”
“Milestones like this show the kind of progress happening across PV,” said Mike Ebert, managing partner at RED. “With direct access to Life Time’s athletic club and amenities, this residential community adds a health and wellness dimension that complements everything already open at PV, from dining and retail to the park at its center. It’s a strong example of how each phase builds on the last.”
“A topping out ceremony is one of the most meaningful milestones in construction because it recognizes the people who make projects like this possible,” said Ryan Abbott, president of the Southwest region at Clayco. “We’re incredibly proud of our craft professionals and project partners for reaching this point safely and successfully. As we move into the next phase of construction, we’re excited to continue bringing this exceptional residential community to life and delivering another transformative project for the Phoenix region.”
About PV
Situated in the heart of one of the most prestigious and sought-after neighborhoods in Phoenix and spanning more than 100 acres, PV is the over $2 billion multi-phase, multi-year redevelopment of the former Paradise Valley Mall. Surrounded by lush landscaping and linked open areas designed to foster connection, PV is its own community featuring an array of dining, entertainment, retail, residential and office offerings, all anchored by a centrally located park and gathering space. The first phase of openings includes Whole Foods Market, Blanco Cocina + Cantina, Flower Child, Trevor’s Liquor, Wren House Brewing Co., The Melt, Sephora and more. PV is also home to the 400-residence multifamily community, AVE Paradise Valley, along with Fender Musical Instruments Corp.’s co-headquarters in a fully dedicated office building set to open in late 2025. Phase two will introduce Life Time and Life Time Living, a first-to-market, fully integrated concept consisting of an upscale athletic club and luxury-for-lease residences, in 2026. PV is developed by RED Development, an industry-leading, wholly integrated commercial real estate company known for its high-performing mixed-use and retail portfolio. For more information, visit pvphx.com.
About Life Time
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its 195 athletic country clubs across the U.S. and Canada, the complimentary and comprehensive Life Time app featuring its L•AI•C™ AI-powered health companion, and more than 30 iconic athletic events. Serving people ages 90 days to 90+ years, the Life Time ecosystem uniquely delivers healthy living, healthy aging, and healthy entertainment experiences, a range of unique healthy way of life programs, highly trusted LTH nutritional supplements and more. Recognized as a Great Place to Work®, the company is committed to upholding an exceptional culture for its more than 50,000 team members.
About RED Development
For 30 years, RED Development has been an industry leading, wholly integrated commercial real estate company known for its high-performing mixed-use and retail portfolio. A preferred partner for best-in-class retailers and investors, RED is known nationally for its vibrant, well-trafficked ground-up developments along with its keen expertise for remerchandising and repositioning existing properties to improve profitability and appeal. Headquartered in Phoenix, the privately held company’s portfolio comprises distinctive destinations across the Southwest and Midwest. For more information, visit REDdevelopment.com.
About Clayco
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering, and construction firm that safely and sustainably delivers the highest quality solutions to clients across North America on time, on budget, and above and beyond expectations. With $8.1 billion in revenue for 2024, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions for industrial, commercial, institutional and residential-related building projects. For more information, visit www.claycorp.com.
About LJC
LJC is a full-service design and architecture firm committed to enhancing the quality of the human experience and to improving how design and architecture can impact each individual’s emotional being. By harnessing the power of integrated design, including architecture, workplace strategy, interior design, landscape architecture, urban planning and engineering, the company achieves its clients’ goals and aspirations. For more information, please visit www.theljc.com.