Members of the Luverne Economic Development Authority on Monday approved additional support for V&D Properties LLC for restoration work at 203 E. Main Street, the former Cragoe Building.
Business partners Brant Van Dyke and Stephen Dekker last month purchased the building where Dekker’s wife, Rachael, operates Novo Aesthetics on the second floor.
They applied to the LEDA for Historic Facade Improvement funds to replace four exterior windows and add a projecting sign with lighting.
The custom projecting sign will allow for multiple tenants to be included in the signage. The total project cost is $15,681.
V&D Properties partners requested a grant of $5,490 and are choosing to forgo the loan option.
This LEDA support is in addition to a $5,000 five-year rural business assistance loan to make interior updates to make the building on Main Street Luverne viable for commercial tenants.
Novo Aesthetics is the only tenant currently operating in the building. It’s a medical spa that offers services such as botulinum toxin injections, injectable dermal fillers, microdermabrasion with platelet rich plasma and chemical peels.
Other commercial areas will be available for rent in the two-story building in the future.
The business loan will be used to remodel space in the Cragoe Realty building as well as purchase additional medical equipment and inventory.