Spotlight on Leon Corcos, Local Commercial Property Owner and Vice President of Fair Oaks Village Enhancement Committee
We're pleased to introduce Leon Corcos in our Business Spotlight Series.
We're spotlighting various merchants in the Fair Oaks Village, as well as individuals who support what FOVEC does, all while giving you a little insight into our history and what we do for the Village. We encourage you to share these local stories and visit with merchants to get to know them firsthand.
We connected with Leon Corcos to learn more about his history with FOVEC and his local Commercial Property business, Corcos, Inc..
What do you enjoy most about being a property owner?
Owning commercial properties can be like a jigsaw puzzle. Trying to find the right mix of tenants to help improve the property and best serve the area.
What's the biggest challenge of being a property owner?
Commercial is rather new to me, so it’s been quite a learning experience.
Despite what the politicians say about Sacramento being “business friendly”, the circus of navigating through the plethora of bureaucracy - planning, building, Metro Fire - is madness. I have gained a whole new respect for builders and developers.
Do you own any property in the Village? If so, which ones?
Currently in the Fair Oaks Village I own the property at the North end of the Village. The former Russ Munroe’s and the adjacent building where Sherwood Florist is.
What's something you wish people knew about being a property owner?
It’s far more work than simply “collecting rents.” It involves a lot of coordinated effort from many, many people; from handymen to contractors, tenants, and lessees.
A fair amount of trust is needed as well. You must be certain that your contractors are safe and honest, as they are often working unsupervised in another persons home or business.
What is a common question you get and what is your answer to it?
"What’s going on at your property in the Village and when will it be open?"
What's the biggest compliment you've received?
Probably excitement from the people who are appreciative of the cost and effort it has taken to help start to revitalize the Village with new restaurants and cafes by improving the property mentioned above.
Are you involved with or do you support any local nonprofits, community organizations or causes?
I am on the Fair Oaks CPAC (Community Planning Advisory Committee) as well as FOVEC.
When did you first become involved with FOVEC and why?
I noticed that FOVEC put up the way-finding signs around the Village and when I purchased the property in the Village, I thought they’d be a good group to get involved with - as FOVEC’s goal is to help the Village "grow-up", if you will.
What do you enjoy most about serving as VP of FOVEC?
I’m hoping I’m helping make a difference and improve the character and ambience of the Village area.
What are you most excited about for the future of FOVEC?
We are now making a concerted effort with the park district to find grants to improve the parking in Fair Oaks Village.
The FOVEC parking sub-committee is working to apply for a grant to create an implementation Master Plan. The effort to create a Master Plan involves several steps including public workshops, and is estimated to cost $60k. I had no idea that it would that much; I always thought that it just happened by itself.
The benefit it provides is that of a road map that delineates what to do, estimated costs to do it, timeline, priorities, dependencies, etcetera, although further grants will still be needed for each part of the construction. Solving the parking issues is a big effort and we need all the help we can get.
As a comparison, when FOVEC did the Streetscape Project for the main part of Fair Oaks Blvd as it goes through the Village, the total cost was $786K via grants.
For fellow property owners, in your own words, what possibilities exist in the Village in light of FOVEC?
I think if more property owners were to get involved with FOVEC they’d learn that citizens have a lot more control righting the boat than they ever thought. FOVEC has a voice.