Owner of downtown building seeks commercial tenants – Business Journal Daily
YOUNGSTOWN, Ohio — The owner of the former downtown Vogue Shop building is looking for tenants as part of her plan to create a shopping mall.
Plans call for the first floor of the large-scale building to be subdivided into seven smaller spaces.
Linda Ismail bought the three-story structure at the corner of West Federal and North Phelps streets last summer for $460,000 from Barry Silver, who operated his menswear store there for decades until it closed in 2020 This was one of the few remaining stores downtown. . Ismail said his goal is to bring affordable retail space back to downtown.
An architectural drawing of the first floor plan was displayed in the window of the building. It shows how the 25,000 square foot first floor will be transformed.
The main door would open into a wide central hallway that runs through the middle of the floor. The seven retail spaces would each have a door to the hallway. There is also room for two booths in the hallway.
The seven tenant spaces, which are on both sides of the hallway, vary in size. Four would be around 1,000 square feet; the others would be 700 square feet or less.
Two of the units are already rented, including one at the front of the store.
Toshi Hudson of Brick Print LLC, the company Ismail started to buy and operate the building, did not reveal the names of the tenants.
Renovation work will begin in the fall, she said, with the aim of opening the building to the public in 2023.
“It’s a very old building that needs a lot of work,” Hudson said. “We would like to have it taken care of as soon as possible so that we know how to complete the construction.”
Brick Print is focusing on the ground floor for now, she said, adding that it was too early to discuss plans for the building’s second floor and basement.
Jim Pernotto’s art studio is on the second floor and the Downtown Boxing Gym is in the basement.
Pernotto said he has yet to meet the new owner. He has occupied the space since 1978, except for the period between 1994 and 2004, when he lived in New York and operated an art gallery there.
Boxing club owner Larry Filer also said he was not given a schedule. “At some point I’m sure I’ll have to go, but they haven’t said when yet,” he said.
Filer has operated the basement gymnasium for 40 years. About 20 people train there, he said.
In an interview with the Business Journal last summer, Ismail said the second floor would be converted into lofts.
The total cost of renovating the building would be at least $1.5 million, she said.
Ismail is the CEO of QuickMed Urgent Care clinics. She founded the company in Liberty Township in 2019 and now operates five other locations in Austintown, Columbiana, Cortland. She said in the interview that she was looking for ways to reinvest in the area.
Copyright 2022 The Business Journal, Youngstown, Ohio.