![]() ![]() “I have three at the moment and am looking at two more,” said Slama who added that the current projects could produce 405 new living units for Monterey.Monterey served as the Spanish, then Mexican, capital of California between 17. Now that his downtown Salinas project has reached this stage, Slama says he will next focus on his developments on Garden Road in Monterey. project was for him “more a labor of love than a labor for profit.” “You have to have trust and faith in the city councils and planning commissions to make the right decisions.” “Most want to build traditional developments but the market I deal in is very niche” and takes a certain amount of faith to accomplish, said Slama. He believes in taking existing structures and infill to provide housing instead of taking farmland to build new homes. “The opportunity presented itself,” said Slama about his foray into buying the bank building and converting it into apartments. Out of high school, he worked for an electrical company and started flipping houses on his own, and went on to convert spaces into apartment units in Monterey and Salinas. His first taste of converting space into residential units came when he helped to create 10 apartment units on the third floor above the former Penny Farthing when he was 18. Slama said he learned a lot from his father when as a student at Salinas High School, he would join him on the job. Brad Slama stands inside one of the studio apartment units with views of the Santa Lucia Mountains and downtown Salinas. A mezzanine offers more space for events or additional seating, and the restaurant kitchen has re-purposed the old bank vault into working and storage space. The space has high ceilings, a huge bar, booths and lounge areas. Alvarado on Main incorporates original design elements from almost a century ago into its interior including existing wall treatments and reliefs, to replicating the chandeliers found in a small foyer and incorporating them into the grand lighting scheme for the brewery restaurant. The place is the offshoot of Alvarado Street Brewery in Monterey. into the dining establishment, one passes through gold doorways topped with soaring eagles. Walking into the front entrance at 301 Main St. The brewery restaurant will have its formal opening on Nov. ![]() “I told Alvarado (Street Brewery) I wanted them here,” said Slama. ![]() Storage units in the basement are available for an additional cost. There are laundry rooms on each floor that use a phone app to operate the washers and dryers, elevators, on-site management, private, 24-hour locked entrances with secure entry for tenants and guests, and parking. Kitchens include stainless steel smart appliances, quartz countertops, and hardwood flooring covers each space. Bathrooms are outfitted with custom walk-in showers using tile and Moen shower systems, and LED-illuminated vanity mirrors. Units have multiple windows capitalizing on views of the city, and most with either the Gabilan or Santa Lucia mountains in sight from the high-ceiling rooms. Each of the 50 luxury studio apartments has a clean, modern design and offers different floor plans, ranging in size from 350 square feet to 550 square feet. There are five floors of living space that were created after demolishing and gutting for the residential units. “We have six leased so far and 20 applications in … and great feedback from the showings.” 1,” said Audrey Wardwell, broker and owner of 36 North Properties. “Leasing has been going great, … people will start moving in Nov. “I believe more people living in downtown will help the vibrancy project move forward,” said Slama, referring to the plan approved by the Salinas City Council and Monterey County Board of Supervisors in 2015, which has a stated goal to preserve Salinas’ connection to history, while creating a mix of residences, businesses, civic institutions, recreation and culture in a safe and vibrant environment. ![]() six years ago for $4.5 million and has since poured his energy into the idea of providing living space on the upper floors while creating room for a gathering place in the form of a restaurant/bar on the first floor. SALINAS - An impressive-looking art deco building in downtown Salinas once housed bank operations, but now the 90-year-old structure’s renovation is complete, bringing large-scale residential apartment housing to the city’s center and more life to the 100 to 300 blocks of Old Town.īrad Slama bought the historic six-story building at 301 Main St. ![]()
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