Selected Past Projects

Screen Shot 2016-02-19 at 1.48.17 PMRetail at ‘Village at Broad’ 

CoVelop, Inc. purchased a retail pad in the ‘Village at Broad’ mixed-use development.  A 4,817 sf, multi-tenant retail building was built and has been leased to one retail user and two restaurants. CoVelop, Inc. is currently managing the building for the new owner.

 

 

 


junction_Page_1The Junction

A mixed-use project in San Luis Obispo that features 69 apartments and 3,000 square feet of retail lease space. This project is ideally located near transit and residential services. The design is a contemporary modern apartment complex within the historic railroad design district. Affordable by design, the units have a compact average unit size as well as selected units are deed restricted affordable units. The rooftop is prewired for a substantial solar panel array.

 

 

 


9 on Rockview

This is a compact 9 lot, single-family home subdivision, located in San Luis Obispo.  This project was designed with today’s homebuyer in mind. Focus was given to creating a modern, high quality enclave, providing an outstanding value for the buyer. The minimum requirements for the Title 24 Energy Standards as well as the California Green Building Checklist were exceeded. During construction the buyers were connected with reputable, local solar contractors to help facilitate installing their solar panels. This allowed the buyers to take advantage of the tax credits as well as energy savings. The City of San Luis Obispo’s affordable housing requirement was surpassed by building a deed restricted and affordable three bedroom home.

 


Constellation Pointe

This 264 unit, multi-family a set was purchased as a joint venture between LRPP, LLC and Newpost Real Estate
Group. CoVelop, Inc. actively managed LRPP; LLC’s side of the transaction and collaborated with Newpost RE Group during the extensive renovation. Thisrenovation focused on interior and exterior upgrades
bringing rents and amenities inline with market expectations. Unique to this property is 42 marina boat slips that were added to and renovated to further increase the overall profit.

http://www.cpwaterfront.com

 

 


Ross Building

This 4,005 sf office building is located on Marsh Street, downtown San Luis Obispo. Covelop, Inc. purchased a 50% interest in 2014 and executed a major renovation. The focus was to address major deferred maintenance issues, upgrading interior lease space, as well as upgrading exterior finishes and landscape.

 

 

 

 


 Tooth & Nail Winery

Purchased from the lender after a foreclosure, the former Eagle Castle Winery was in need of an aesthetic and functional modernization.  After leasing the property to become the home of the Tooth & Nail Winery, CoVelop, Inc. worked with the tenant to transform an abandoned castle themed winery into one of the hottest wineries in Paso Robles. The tenant and their design team, Makers & Allies had a strong vision of how to transform the property. The winery officially opened for business at the end of 2014. Covelop is currently building an 18,000 sf refrigerated storage facility to accommodate the winery’s growth and success.

 

 


Various multi-family renovation projects 

CoVelop, Inc. is/has managed the investment by LRPP, LLC in several multi-family renovation projects led by the Valcap Group. These renovations total over 1,100 units in Houston and San Antonio, Texas.


 

  • LA PLAZA VILLAS

    Situated on a 3.3 ac. site near downtown Guadalupe, California, La Plaza Villas is a 74 unit condominium project. This project is designed to have an old Spanish village feel. Varied rooflines, colors, and massing give the sense that it was built over time. The focal points of the project are two courtyards; one which is modeled after a formal garden courtyard, and the other geared towards a children’s play area. The mix of unit size also gives it a demographic diversity not found in many cookie-cutter complexes. The site in which the complex is located was formerly zoned light industrial and through a General Plan amendment it was changed to high-density residential. By realizing the zoning was antiquated and misaligned with the city’s current General Plan, we were able to execute the zone change, which not only increased our land value but also helped the city with its goals. We showed how placing a potential 250 new residents downtown would encourage patronage of the commercial district. This was particularly important because of the poor economic condition of the commercial district. By creating a mutually beneficial project, we were able to create a town asset while increasing the value of our land.