Nov. 29—JOHNSTOWN, Pa. — Reggie Canal, a financial adviser in New Jersey, began to see his clients investing in Johnstown property.
So he visited.
"Harlem, New York neighborhoods, all those places are done," he said. "There are no opportunities there."
Johnstown excited him. He jumped into what he saw as the path of progress by purchasing a building a block away from the center of town in April 2020.
He's now refurbishing a few apartments for rent on the second floor and renovating the third floor for his own residence.
He also has a business tenant moving into the first floor of his building at 126 Market St. — beside George's Song Shop and across from the Alternative Community Resource Program's building — this spring.
It will be a shake shop operated by a millennial — a woman named Christian Beabes, who grew up in Johnstown and recently moved back from California.
Canal and Beabes met through a program of the Cambria Regional Chamber of Commerce and Community Foundation for the Alleghenies that was geared toward attracting remote workers to help rebuild the area's economy.
The 2020 census has shown that Johnstown lost 12% of its population — again — over the past decade.
Anecdotally, there's a tangible effect of new residents moving into town since the census was taken.
Canal's clients who led him to Johnstown include Laquan Marshall and his business partners — who moved to Johnstown are revitalizing numerous properties downtown.
"The city is welcoming," Marshall said. "They are not putting up red tape, they are helping cut it down. Recently, half of our executive team — of Johnstown Capital Partners — moved to Johnstown this past year. We are here, we are transplants, and we are just looking to take the ride with the community."
Feeling the 'love'
Canal said he was surprised to be thanked by strangers on the street after completing only minor exterior improvements to the long-vacant Market Street property.
Canal said he didn't expect that. He's also received a warm welcome from existing businesses.
"I'm moving in from New Jersey, and when you are in a new town you don't know if you will be appreciated," he said. "I have not ever felt this type of love. Johnstown seems to have something I've never seen before."
Mike Malcanas isn't moving from the Pittsburgh suburb of New Kensington to Johnstown, but his real estate holding company, Hazak LLC, invested in four Johnstown properties in 2019.
All of them are on Main Street. A Voodoo brew pub has been announced for 526 Main St., at the former Hey Day Diner.