Catalyst Fitness expects to spend up to $3.5 million to transform the former Dick's Sporting Goods store in Amherst into its newest gym.
That's on top of the $3.4 million the company paid for the nearly 56,000-square-foot building at 281 Meyer Road, off Maple Road, on Thursday, public records show. Catalyst's purchase comes 3½ months after the lender took over the property following a foreclosure auction. Pyramid Brokerage Co. had listed the property.
That Dick's Sporting Goods moved to the food court section of the Boulevard Mall in 2015.
Owners Joe and Amy Bueme previously held the area's Gold's Gym franchise. They started Catalyst in 2012 and now operate four full-size gyms and two express gyms. They said they try to create a homegrown atmosphere in their gyms, which compete against national chains.
The Buemes will make a top-to-bottom renovation of 281 Meyer, including installing all-new flooring and lighting. The work should take six to eight months and they'll start selling memberships two months before the opening.