Business

National chain is being sought for Broad Street project in SLO

Construction on Broad Street near the Fresh & Easy Neighborhood Market.
Construction on Broad Street near the Fresh & Easy Neighborhood Market.

Local real-estate investment and construction company Covelop Collaborative Development is hoping to attract a national chain to its newest project — a 4,662-square-foot retail/restaurant space in San Luis Obispo.

Leasing agent Preston Thomas of Rossetti Co. said construction of the building, located at 2256 Broad St. near Fresh & Easy, will be completed in mid-January and can be filled by one to four tenants.

Covelop is hoping to attract a national chain to the building, Thomas said, though it also is looking for local independent businesses to fill some spots.

No tenants have been confirmed, he said.

The cost per square foot is $3.25, and sizes range between 1,082 square feet to the entire 4,662-square-foot space. The construction will feature an on-site parking lot as well as a patio area for customers.

Project name: Broad Street Fresh & Easy Center

Owner: Covelop Inc., San Luis Obispo

Contractor: Stalwork Inc., San Luis Obispo

Architect: Arris Studio Architects, San Luis Obispo

Engineers: Ashley & Vance Engineering Inc., San Luis Obispo

Project value: approximately $1.75 million

What's happening now: The outside of the building is awaiting a final coat of spackle, as well as roofing.

Expected completion date: mid-January 2014

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