For more than a decade, Tim Yusufov has run a thriving pharmacy in a Reisterstown Road strip mall. But when drugstore giant Walgreens bought the complex a few years ago, he started looking for a new address.
"We knew that we were going to be kicked out eventually," he said.
Now he's off to bigger digs, with the help of a $300,000 grant from the Baltimore County Department of Economic Development.
Health-Way Pharmacy will relocate from Bedford Avenue to a new $2.4 million, two-story retail and office building it is developing at Reisterstown Road and Sudbrook Lane. The site once housed the Backfin Restaurant, as well as a shoe repair and seamstress shop. Construction is under way on the 10,000-square-foot building with an expected August completion date.
The county grant goes toward acquisition and redevelopment costs. The new building will help create a traditional Main Street look along one of Pikesville's busiest commercial corridors, officials said.
Health-Way prides itself on giving customers the personal touch and being a "one-stop shop" for homeopathic medical supplies and equipment, Yusufov said.
The existing store is tucked behind a Staples office supplies store, away from Reisterstown Road. He expects the high-traffic location to bring in more business. Staples is moving to the Pikesville Shopping Center at Reisterstown Road and McHenry Avenue. Walgreens is renovating the former Staples building.
"It should be good for us," Yusufov said.
Baltimore County Executive Kevin Kamenetz said the grant to Yusufov is the final award from the $1 million Pikesville redevelopment fund, created in 2007 to boost struggling properties.
The projects will benefit the entire area with a flair of "Old Pikesville," said Kamenetz, who championed Pikesville redevelopment initiatives as a councilman.
"We're not losing any businesses but we're gaining new buildings," he said. "What's even more heartening is in this time of economic difficulty, Pikesville is in a rebuilding stage. Things are still happening in Pikesville."
John Denick, president of the Pikesville-Greenspring Coalition, said he's delighted that this project will give a vacant property new life.
"So many Main Street projects are planned with good intentions and they don't succeed," he said. "It's great that these are business people who are already successful in Pikesville. They know the marketplace."