Photo by Fred Pollard
Alton-based real estate company DanMar Enterprises Inc. is in the final stages of plans to purchase the property comprising 601 to 611 E. Broadway. DanMar President Jeannine Kelly says she would like to see the retail space used for unique shops and space for artists.
ALTON — If a local real estate entity has its way, a struggling area of Broadway soon will see a resurgence of activity.
DanMar Enterprises Inc., an Alton-based real estate company formed in 1998 and owner of several commercial properties in the area, is in the final stages of plans to purchase the property comprising 601 to 611 E. Broadway.
“I think this area has major potential,” DanMar President Jeannine Kelly said. “I feel very positive about this.”
Kelly says she would like to see the retail space used for unique shops, including a restaurant specializing in breakfast and lunch items, a coffee shop and possibly space for artists.
“It would be wonderful to have some kind of baked goods shop or coffee shop here,” she said.
Currently, Alton Pawn Shop, in business since 1983, occupies the space at 601 E. Broadway and plans to close by the end of the month because the owner is retiring. Last August, the city approved an ordinance that makes allowance for two pawn shops in the city (as opposed to the previous ordinance allowing three). The action discourages the opening of another pawn shop in the same location.
Kelly says the Chat Room Barber Shop at 611 E. Broadway also will be closed by the time the purchase is complete.
The building housing Hellrung Insurance (615 E. Broadway) and the former site of Coco Bongos Tropical Café (619 E. Broadway) is not included in the sale.