Business

Biz Buzz: SLO redevelopment under way

Construction is under way to redevelop a 21,690-square-foot lot at Monterey Street and Johnson Avenue in downtown San Luis Obispo into a retail-commercial-residential project.

Until recently, an old abandoned Unocal service station was located at 1308 Monterey St. The gas station was torn down last month, and a new foundation was poured a few weeks ago. Soon, a four-story, 15-unit building with five retail spaces, five office spaces and five apartments will stand on that corner.

“The redevelopment project pays homage to the site’s previous history while providing a new identity to the face of sustainable design in San Luis Obispo,” said lead architect George Garcia, of Garcia Architecture + Design.

Construction costs of the project, which has been dubbed The Mix @ Monterey, are estimated at $2 million.

The name reflects how the building will serve as a mixed-use property, consisting of ground-floor retail and restaurant spaces, second-floor commercial office spaces and third-floor loft-style residential units.

“The idea is for the new facility to continue to be an energy provider (as it was when it was a gas station) but in a more environmentally sustainable manner,” Garcia said.

Energy efficient and sustainable designs are incorporated into the building’s construction.

“I think it’s a strong, unique, up-and-coming neighborhood,” Garcia said. “We haven’t seen new construction in a long time, so this is exciting. It’s a bit of a risk to take on a project like this, but here we are, barely out of the ground, and we have 40 to 50 percent spoken for. Given the economic times, it’s exciting.”

Garcia would not disclose what renters will be charged. Construction is expected to be completed by April.

— Stacy Daniel

TekTegrity, a San Luis Obispo-based company that provides managed information technology services, recently announced the acquisition of Sentinel Network Systems of San Luis Obispo. The details of the merger were not made public.

The two companies began discussions earlier this year about joining forces. “It just made good sense for us to join the team at TekTegrity,” said Geoff Lillich, founder of Sentinel Network Systems. “Our team and our clients have so much to gain, including access to a pool of technical experts for collaboration on ideas and projects.”

TekTegrity currently employs 26 people.

Without revealing specific numbers, a representative for TekTegrity said revenues were up 5.9 percent last year. This year, they are up 50 percent.

TekTegrity provides services to clients in San Luis Obispo, Santa Barbara and Kern counties.

The newly formed company will continue to operate under the TekTegrity name and will work with the client base of both companies.

— Stacy Daniel

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