That big, quiet box at 17667 NE 76th St in Redmond is not staying quiet for long. Life Time has scooped up the long-shuttered Fred Meyer for $32 million, setting the stage to swap out bulk groceries for luxury fitness along the city's retail backbone. The deal ends months of guessing over the fate of the roughly 140,000-square-foot property, which has sat dark since the supermarket closed in October 2025.
The sale was first reported by the Puget Sound Business Journal, which identified Life Time as the buyer and pegged the price at $32 million. Kroger had announced plans to close the Redmond store back in August 2025, and union UFCW 3000 later detailed how workers were affected in a press release. KIRO 7 covered the store's final days in mid-October 2025, as shoppers said goodbye to a longtime neighborhood anchor.
Commercial-listing documents and public records put the building at about 139,000 to 140,000 square feet on roughly 9.8 acres, with zoning listed as Urban Mixed Use. That label keeps a lot of doors open for how the site can be reused or redeveloped. The offering from Crexi highlights a wide-open floorplate, a former garden center and a sea of surface parking that once served the supermarket.
Life Time's Footprint And What It Means
The Puget Sound Business Journal reports that Life Time plans a full-service club at the site, which would mark the chain's second location in the Seattle area. According to the company's club listing, Life Time already runs a sizable Bellevue facility at 11111 NE 8th St, so converting a former big-box supermarket into an athletic complex would fit neatly into the region's current trend of turning old retail into amenity-heavy destinations.
What Comes Next
There is no public timeline yet for when the new club might open, and the sale report did not include an estimated date. Before anyone starts counting laps, the project will need design work and permits. City planners, nearby residents and downtown businesses are likely to be watching closely as redevelopment applications and building permits start appearing in the months ahead.
