New Owners To Spend $5M On A $10 Club

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Posted November 10, 2015 8:56 pm by

New Owners To Spend $5M On A $10 Club

PLANET FITNESS hjhgfyuNew Owners To Spend $5M On A $10 Club.

A $5 million gym is in the works in Piqua.
A new Planet Fitness will be built at the Shoppes of Piqua shopping center at 1243 E. Ash St. near the intersection with I-75, Planet Fitness officials tell me. Franchisees Matt Glance and Chad Fitton will co-own the location, and are shooting for a spring 2016 opening date, Glance said.
Planet Fitness plans another location in the Dayton region.
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Planet Fitness plans another location in the Dayton region.

The club will be 22,000 square feet and create 15 new jobs.There is an existing furniture business that is closing down at that space, said Justin Sommer, assistant city manager for the city.
“We’re excited to see it,” Sommer said. This adds to the Anytime Fitness, YMCA and a few CrossFit centers in the town.
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“We’ve seen a lot of development in different business sectors across town,” Sommer said. “Between that and the riverfront, things continue to gain momentum.”
D.K. Mullen Architects, an Idaho-based company that has worked with Planet Fitness on other locations, is the designer on the project. Colliers International has marketed the building.
Planet Fitness has three open locations in the Dayton region, off Airway Road in Dayton, off Lyons Road in Centerville and North Bechtle Avenue in Springfield. Its locations in the state are focused heavily in metropolitan areas.
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Planet Fitness has accelerated its investments growing in Dayton. In September, the company signed a 20-year lease for 25,000 square feet of space for a new gym at Towne Mall Galleria in Middletown, a location planned to open Dec. 31 to take advantage of New Year’s fitness resolutions.
The 23,000-square-foot Centerville location opened in late 2012 and the Springfield location followed the next year. Regional Manager Ty Singleton said at the time the company hoped to have five locations within five years.
Dover, N.H. Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, with a network of more than 1,000 locations and 7 million members nationwide.

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