Two major developments will be added to the Bechtle Avenue shopping corridor, one of which could bring up to 50 new jobs.
A Toledo-based developer will add a nearly 12,000-square-foot addition to Bechtle Avenue this year that will house at least eight businesses, likely national retailers and restaurants.
And Bay Breeze Seafood Restaurant, 1805 W. First St., will open this year in a long-vacant site after receiving approval for various permits from the city.
Tolson Enterprises is adding to the building located at 1980 N. Bechtle Ave. that houses Sleep Outfitters, Buffalo Wild Wings and the soon to open Sports Clips.
The company, which calls the shopping area Springfield Town Center, already owns the building occupied by Chipotle and Panera, and purchased 1980 N. Bechtle St. in January for $2.5 million.
“We’re pretty high on Springfield,” said Steven Speranza, president of asset management for Tolson Enterprises. “We’re heavily invested (in Springfield) and we’re excited about growing what we own there to bring new and fresh tenants.”
A building permit hasn’t been filed yet, but Speranza said the new addition is worth a couple million dollars.
Speranza couldn’t release the names of tenants yet, but said that two national restaurants will sign leases and two national retailers are interested in the spot. There is room for at least four other tenants.
Tolson Enterprises also is courting different banks and credit unions for the proposed spot, which will have an ATM.
Bill Constantinou, the owner of Bay Breeze Seafood Restaurant, owns several Bay Breeze’s but previously none in Ohio.
“We like the market and we’re testing out the waters,” Constantinou said. He applied for a liquor permit in February.
Once Constantinou adds some finishing decorative touches and receives approval from the city, he said the restaurant will open at some point this year.
He said the restaurant plans to hire 50 full-time and part-time employees, including management, from the area.
Bechtle has seen a lot of investments in recent months. Jeff Wyler Auto Mall will open two new showrooms in that area at the end of the year and hire 22 people, a new Wright-Patt Credit Union opens this week, two new Asian restaurants have or will open soon and Sports Clips is slated to open this spring.
Bryan Heck, city planning and zoning administrator, said the city continues to highlight and market retail opportunities on the entire Bechtle corridor. Even the oldest shopping centers on the corridor have an 85 to 95 percent occupancy rate.
The demographics of the area — positive income and strong real estate — are attractive, as are many of the anchors of the Bechtle Avenue corridor like Walmart, Speranza said.
“Retailers just perform exceptionally well in Springfield and their numbers are strong,” Speranza said. “Even though it’s part of the Dayton market, it’s its own little marketing world, its own niche.”
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