Published 11:01 pm Friday, February 7, 2014

Troy's Square is becoming a viable commercial center.

Troy’s Square is becoming a viable commercial center.

Downtown Troy will welcome a few new tenants in the coming weeks.

In addition to Dolce, a bakery that will soon open at 78 North Court Square, Milky Moos will soon relocate to 72 North Court Square.

Members of the Pike County of Chamber of Commerce Downtown Development Committee heard a report about the new businesses this week and other potential additions. Rumor has it, a new restaurant will be moving into the former Pines location any day now. According to Landmark Realty, a rumor is all it is.

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“We have taken a deposit by a restaurant. But that doesn’t mean it’s going to come through,” said Adam Drinkwater, a Realtor at Landmark. “It’s literally just a bunch of money that we’re holding in a bank account. That hasn’t come through.”

With the recent additions to downtown, it is only a matter of time before a business will open in the former restaurant location. Drinkwater said there has been a lot of interest in the building.

There was a time when the majority of downtown businesses were part of the service industry. Insurance agencies, lawyers and financial institutions lined the streets.

In the last few years, the area has found a balance, adding several new retail shops and restaurants.

“Downtown Troy is a viable, cost-effective place to open up,” Drinkwater said. “You’ve got U.S. Highway 29 coming through the center of downtown. There’s the courthouse, Elm Street, Madison, Montgomery… all of these major arteries that come into downtown.”

There may be few mixed-use buildings, but the downtown area is flanked by residential neighborhoods.

“We have people working, traveling and living downtown,” Drinkwater said. “Three keys that make downtown viable.”