Planet Fitness scooping up vacant retail spaces on LI

Planet Health has been fast to take advantage of retailer and health club exits on Lengthy Island, the place the low cost chain is tapping massive vacancies.

The Hampton, New Hampshire-based chain has opened and relocated two new gyms on Lengthy Island in latest months, and plans to open at the very least three extra within the space by the tip of the yr.

The chain has 26 gyms on Lengthy Island, up from 17 in April 2019.

Planet Health Inc., which opened 132 new gyms in 2021, has greater than 2,290 gyms throughout North America and Australia. The chain ended the primary quarter of this yr with a document 16.21 million members.

“As of early 2021 … they’re the fourth largest retail tenant in the US amongst all renters,” stated Brandon Svec, nationwide director of US retail analytics at CoStar Group Inc., a Washington, DC-based business actual property info supplier.

Planet Health has taken benefit of job vacancies created through the COVID-19 pandemic to get good places at low cost rents, stated Jack Chera, govt managing director at Ripco Actual Property’s Woodbury workplace and unique dealer for Planet Health on Lengthy Island.

“All of those golf equipment that we’re opening now have been all signed throughout COVID,” he stated.

Planet Health declined Newsday’s request for touch upon its development technique.

Here is an outline of Planet Health’ six gyms which have not too long ago opened on Lengthy Island or will open in 2022:

  • Carle Sq.: In Could, a Planet Health on Glen Cove Highway moved 0.7 miles to 177 Previous Nation Rd., the place it occupied the stays of an area that Toys R Us vacated in 2017.

    The health club moved as a result of Planet Health wished a extra outstanding location, stated Christopher Wierzbicki, a director at Pliskin Realty and Improvement Inc., the Backyard Metropolis firm that owns the Glen Cove Highway mall.

    The Previous Nation Highway Health club occupies 18,000 sq. ft in Carle Place Commons.

    The rest of the Toys R Us area is occupied by off-price house furnishings retailer HomeSense, stated Robert Goldfeder, director of leasing for Woodmere-based actual property developer Basser-Kaufman, which owns Carle Place Commons.

  • Notice: A Planet Health will open in Merrick Commons on August 17, stated Chloe Blair, a spokeswoman for the health club chain. The health club will occupy a 15,038-square-foot area that girls’s clothes retailer Mandee vacated final yr, stated Chris Ostrowski, a spokesman for Kimco Realty Corp., the Jericho-based actual property funding belief that owns Merrick Commons.

    The health club is positioned at 1630 Merrick Rd.

  • Patchogue: A brand new Planet Health shares a former Pathmark grocery store with a Giunta’s Meat Farms grocery retailer. The health club, which opened in June, occupies about 17,000 sq. ft, whereas Giunta’s, which owns the constructing, has occupied about 47,000 sq. ft as of April 2020, stated Greg Batista, who works at Ripco Actual Property’s Woodbury workplace and is certainly one of two realtors, who symbolize the owner within the rental.

    The health club is positioned at 399 Rte. 112

  • Degree: A brand new Planet Health will occupy 19,159 sq. ft of previously Fairway Market grocery area in Manetto Hill Plaza on Manetto Hill Highway. The health club will open later this yr, Blair stated.

    At 55,162 sq. ft, the 19-year-old Fairway was the biggest tenant on the mall when it closed in July 2020, just a few months after its mum or dad firm filed for Chapter 11 chapter safety.

    Manetto Hill Plaza is owned by Kimco Realty.

  • Syosset: A Planet Health opens at 54 Ira Rd. in September, Blair stated.
  • The 16,664-square-foot health club might be positioned in an area previously utilized by New York Sports activities Golf equipment on the Syosset Purchasing Middle.
  • West Babylon: A Planet Health and low cost grocery store chain Lidl share area previously occupied by a Finest Market grocery retailer in downtown West Babylon.
    The health club opened July 17 at 533 Montauk Hwy. It occupies 21,700 sq. ft, whereas Lidl, which opened in September, occupies 36,000 sq. ft, stated Goldfeder von Basser-Kaufman, which owns West Babylon City Middle.

Discover the suitable match

Planet Health’ web site necessities for opening a brand new health club embody an space between 17,000 sq. ft and 25,000 sq. ft with 15-foot ceilings and parking for at the very least 150 automobiles, Chera stated.

“They prefer to be anchored in supermarkets,” he stated.

Whereas greater than 90% of all Planet Health gyms are franchised, all Lengthy Island places at the moment are company owned.

The health business as an entire has seen a 25% decline in health club numbers because the pandemic started in 2020, stated Rick Caro, founding father of IHRSA (Worldwide Well being, Racquet and Sportsclub Affiliation), a Boston-based commerce group.

However high-volume, low-priced gyms — Planet Health is the biggest chain in that phase — have grown and recovered the quickest, stated Caro, who can be president of Administration Imaginative and prescient Inc., a Manhattan-based consulting agency for health business.

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