NIAGARA FALLS – Two new businesses in the City of Niagara Falls got a leg up from the Niagara Falls City Economic Development Corp. after it approved loans and grants to business owners on Monday.
The N.F.C. Development Corp. agreed to give a new city restaurant – Third Street Retreat – a total of $20,000, which included a $10,000 micro-enterprise grant and a $10,000 loan.
Third Street Retreat, at 250 Rainbow Boulevard, will be located in the lower level of the Jefferson Apartments in a space formerly occupied by Murphy’s Restaurant, which closed in September. Manager Emory Weber said that unlike Murphy’s, which only served breakfast, they plan to turn the space into a trendy new restaurant serving breakfast, lunch and dinner, as well as beer and wine. The total cost of the project is $48,600.
Board chairman and director of business development Anthony Vilardo said the new business is in their downtown target area.
Weber, whose family owns the 94-unit apartment building, said there’s a tremendous amount of foot traffic in the area, which has been growing in the past eight years.
“The number of hotels going up down there is incredible,” said Weber.
His girlfriend, Kallie Castetter, will be the general manager and said they are hoping to open after the holidays on January 4.
The board also approved a $5,430 micro-enterprise grant to The Shop, a hairstyling studio at 5540 Porter Road in the former Certo Brothers Distribution Warehouse.
Shop owner Douglas Hess said the total project cost is $10,860, which will be used to buy a new dryer, chair and computer. His wife, MaryAnn Hess, a stylist for 35 years in the City of Niagara Falls, will operate the shop.
Prior to the NFC meeting, in an unrelated issue, the City Council met briefly and adjourned a public hearing on the abandonment of a portion of Tennesee Avenue, 130 feet east of Highland Avenue. The hearing was adjourned on Monday due to a lack of quorum.
If the abandonment is approved, it will give Tulip Molded Plastics Corp. the green light to build a new $10.4 million, 70,000-square-foot plant next door to its current factory on Highland Avenue.
No new public hearing date was announced, but the hearing is expected to be held prior to the Common Council meeting next week on Monday. Tulip is expected to break ground when they get the go-ahead.