Biz Buzz: Prado business complex near OK

Developer expects final approval in February on Margarita proposal

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Developer Byron Davis expects to get final approval by the city in February for Prado Park, a 20-acre, seven-building commercial complex at 400 Prado Road in San Luis Obispo.

The Prado Park property is part of the Margarita and Airport Specific Plan and is near the 140-acre former Unocal tank farm. It would be the first project to move forward after the area was annexed into the city in 2008. Preliminary plans for the project had been approved as early as November 2007.

Some other developers hoping to build as many as 400 houses and other commercial buildings along Prado Road say the economy has stalled their plans. One developer, Craig Cowan, is losing his 16-acre property across from Davis to a bank foreclosure.

Davis plans to roll out construction of his first two office buildings as soon as he has commitments from potential tenants. He will build the rest of the complex as tenants sign on, he added.

The construction is dependent on improvements of Prado Road, which runs from Highway 101 across South Higuera and currently dead ends in a cow pasture. It is intended one day to be extended more than a mile and widened into four lanes to form a major thoroughfare for the city from Highway 101 to Broad Street.

Davis�s property is close to Higuera Street and near ly-developed offices and businesses on Prado. He has reached an agreement with the city to improve only two lanes of Prado in a limited stretch that borders his property, he said.

The Architectural Review Commission is scheduled to review the project for final approval Feb. 17.

� Melanie Cleveland

Another Subway store comes to SLO

San Luis Obispo is about to get another downtown fast-food eatery when Subway Sandwiches completes its tenant improvements in the former Romp shoe store at 785 Marsh St. in San Luis Obispo.

The sandwich shop will be the fifth Subway in the city and the 21st in the county, according to Los Angeles-based Subway representative Justin Johnson.

�We are excited about the development of this new store, and we hope that we will be a welcomed addition to the downtown community,� he said.

The local franchisee, Sat Singh, is expected to start tenant improvements in the 1,286-square-foot space soon, said Preston Thomas, leasing agent for Rossetti Company.

Romp moved to 714 Higuera St. in San Luis Obispo in November 2008.

� Melanie Cleveland

� � �

Citing a growing North-County clientele, law firm Andre, Morris & Buttery has moved its Paso Robles office from 102 South Vine Street to a larger, 120-year-old historic building at 1337 Vine Street.

Andre, Morris & Buttery also has offices in San Luis Obispo and Santa Maria, with 15 attorneys practicing in a range of business law specialties.

� Julia Hickey

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