CANYON RANCH LIVING UNVEILED IN MIAMI BEACH

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Canyon Ranch introduced its first healthy living residential community: Canyon Ranch Living, a seven-acre oceanfront property featuring 151 condo-hotel suites and 467 condominium residences. A 60,000-square-foot Spa & Fitness Center is planned for Canyon Ranch Living. "Canyon Ranch Living is the natural evolution of the Canyon Ranch experience," said Zuckerman. "The project is the fulfillment of Canyon Ranch's longtime mission of providing a community where residents can embrace the joy of healthy living."

Canyon Ranch Living follows a pattern towards upscale timeshare development. In the past few years, a number of upscale hotel companies, including Four Seasons Hotels & Resorts, Marriott International Inc.'s Ritz-Carlton Hotels, and W Hotels, a unit of Starwood Hotels & Resorts Worldwide Inc., have unveiled residential developments with a lot of spa and wellness amentities. Canyon Ranch already has about 80 residential homes connected to its Tucson resort and is developing an additional 20 as well as some lots at the Lenox property.

The first Canyon Ranch Living community is scheduled to open in 2005 in Miami. The project is a collaboration of Canyon Ranch and WSG Development Company. Lehman Bros. is providing the funding for the Miami project The condominium-hotel units start at $450,000 for a one bedroom with a bath Neighborhood amenities will include walking and biking paths along the beach, common areas for play, water sports and relaxation, and spa treatments. There will also be a monthly spa and maintenance fee that will run from $850 to $1,900 per month.

According to Canyon Ranch executives, the company plans to initially court the 110,000 people who have been to its resorts during the past five years. The company is exploring hi-tech monitoring devices like an arm band to let residents and their Canyon Ranch doctors keep tabs on their pulse and blood pressure, a smart card for keeping track of how many calories you burn in the workout room, and dietary software for the wait staff that beams nutritional information to a resident's hand-held electronic organizer.

If the Miami project sells, the company hopes to build another 10 or so 'Canyon Ranch Living' communities — half of which would be condos in cities such as New York and Boston, and the other half would be planned communities with individual homes.