'It's incredible': Tecumseh BIA booming with more investment to come
CBC
The coordinator of the Tecumseh BIA says she feels like a real estate agent.
Nary a day goes by that Denise Pelaccia isn't taking phone calls from business people wanting to know what properties are available for them to launch businesses or other projects in the town.
"It's incredible," said Pelaccia.
"In addition to all the new businesses that are coming to our area, we also have new apartment buildings, new condo buildings, new houses being built and we also have some beautification projects going in the downtown core," added Pelaccia, referring to two new murals planned for buildings along Tecumseh Road East near Lesperance Road.
The investment boom stems from a Community Improvement Plan (CIP) initiative the town embarked upon about five to seven years ago. It has brought more than a dozen new shops, restaurants and a micro-brewery, as well as high-rise housing developments to Tecumseh Road East between Banwell Road and Manning Road.
Tecumseh mayor Gary McNamara said more business is on the way.
"We started out with a microbrewery and then there's roughly about five condominium developments that are being built. There's at least three more that are in the books," said McNamara.
He said about $100 million has been invested so far, with the town planning a $40 million streetscaping project that will bring back on-street parking, bury overhead service lines and reduce traffic.
"We want to make it more walkable ... and use active transportation in the area," he said.
McNamara said the CIP came with development grants that worked as incentives.
"There were grants totalling anywhere from $5,000 to $15,000 up to and including $100,000, depending on what the project was and what their intentions were. And it really has given them that incentive to 'let's go and do it'," said McNamara.
George Marar and his partner just opened the new Bourbon Tap and Grill in March. They totally transformed the former Torino restaurant into a massive bar, restaurant and lounge with live music and billiard tables.
"It was a no-brainer for us. We saw the development happening around us and we always were looking forward to getting into Tecumseh when we had the proper opportunity. It was just the right time, I guess the right place. We'd go big or go home," said Marar.
Just across the road, the Frank Brewing Co. brew pub opened up about seven years ago, and has seen the new businesses and high-rise buildings sprout up.
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