Nick Tompkins proposes downtown SLO hotel
November 25, 2015
Developer Nick Tompkins would like to trade in a project for which he has gained approval in order to build an 80-room hotel in downtown San Luis Obispo. [Tribune]
Tompkins has approval for two 5,000 square foot commercial buildings at the corner of Monterey and Santa Rosa streets, the location of a former Shell service station. Tompkins is now proposing a 75-foot high development that would include the hotel, residential units, offices, retail space and a public plaza.
The new plan is scheduled to go before the architectural review commission on Dec. 7. Zoning issues will likely arise.
Tompkins’ property is currently zoned retail-commercial which allows buildings up to 45 feet tall.
The planning commission can override the rule and allow for the construction of the 75-foot building if the project meets city policy objectives, like providing affordable housing, preserving history or saving energy.
Tompkins is partnering on the hotel project with Andrew Firestone and Jess Parker of Santa Barbara-based StonePark Capital. Firestone described the plan as an urban-style boutique hotel, with outside amenities and access to downtown shopping.
Rachel Cohen, a city planner, said the location is a downtown gateway coming off Highway 1.
Tompkins is also proposing building a 600-space public parking garage and a new transit center on adjacent properties on Higuera Street. The transit center would replace the government center bus stop at Osos and Palm streets.
Tompkins is also attempting to forgo approval of a grocery store in Arroyo Grande, for approval of a 51-room hotel on East Branch Street.