Waterford

CSAL Developers, LLC has acquired the Tichigan Lakes Hilltop Pub and Eatery in the City of Waterford and will reestablish the longtime restaurant as Anchor & Ale. Led by Chad Schmidt and Andrew Luebke, the project introduces a new operating entity that will lease the property and restore the nearly 70-year-old establishment to its roots as a family-friendly, supper club-style destination. The revitalized restaurant will feature a full dinner menu, cocktails, and a welcoming atmosphere designed to reconnect with the community and rebuild its customer base. The project was supported through a partnership between RCEDC and Community State Bank, utilizing a Community Loan to advance the turnaround and long-term success of the property.

Oak Wine & Spirits is bringing a new tasting experience to downtown Waterford—offering self-serve wine and beer stations, premium spirits, and curated small bites in a relaxed, upscale setting. Owners John Palmer and Rebecca Vanwormer, both experienced local business owners, are combining their strengths to create a welcoming destination for both casual visitors and enthusiasts. With support from RCEDC and lender Jay Cashmore at Community State Bank, the pair secured Revolving Loan Fund financing with just 15% down, helping turn their vision into a reality.

RCEDC helped secure a Revolving Loan Fund (RLF) for Modern Aesthetics Skincare to purchase a new MOXI laser, replacing outdated equipment and expanding the clinic’s advanced skincare offerings. Owned and operated by Cala Newholm, a licensed esthetician with over a decade of experience, the clinic opened in 2022 and offers personalized treatments to meet a variety of skin care needs.