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"this is my dream,my passion,"
GILFORD — Aglow with new tenants and freshly renovated, the Village at Paugus Bay is ready for a coming out party. Its new owners, Neil and Elisa Silver, are just getting started. The Silvers acquired the building when Neil’s investment banking business foreclosed on the previous owner. Rather than resell it, the couple took it under their wing.
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131 LAKE ST. GILFORD NH
When he toured the plaza for the first time, Neil said he was appalled by what he saw. Previous owners had not taken care of the building and, with a non-functional heating system and mold on the walls, it was beyond dilapidated.
The Silvers resolved to be different: to do right by the building and its commercial tenants and breathe life back into a property with a prime location. This meant making more than cosmetic adjustments. They replaced the plumbing, heating, floors, air conditioning, and more.
“like a challenge,” Neil said. He enlisted his wife Elisa to handle marketing and overall beautification.
The vision driving the renovation of the Village’s 29 total commercial spaces was to create a business community with a diverse portfolio of offerings and an atmosphere of mutual support amongst small business owners.
“We hope that restaurants, coffee shops, gyms, medical and legal professional offices, retail, everything,” will find their way to the Village, Elisa said.
That vision was met with pessimism in the local community, the Silvers said. They didn’t listen. They emphasized that they have the passion, the skills, and the capital, to build a location and a community where local small businesses will thrive.