A former furniture store parking lot could become Napas newest three-story commercial office building. All thats needed is one key tenant to sign on the dotted line to get the development going, said Scot Hunter of the Wiseman Company.

The proposed site is located at the northeast corner of Main and Clinton Streets. For years, patrons of the adjacent business, a Salvation Army store, used the lot for parking. Most recently, staff at the nearby Main Street West and the occasional food truck utilized the space.

Hunter is working with local commercial Realtor Cathy DAngelo Holmes, of Coldwell Banker Commercial Real Estate. The two have released an artist rendering and leasing plan in hopes of snagging that first tenant.

A likely candidate would be a restaurant or wine tasting room with some kind of customer experience to showcase, whether thats a barrel room production line, or something similar, said Hunter.

While an architectural image has been created, its still very much a speculative project, Hunter said. In order to get construction financing you have to have about 60 percent of the proposed building pre-leased, he said.

Weve got to find the tenant to start the process, he said. Someone who can think 18 months ahead and know they will need such a brand new space.

Hopefully finding that anchor tenant wont be too difficult, especially with commercial space hard to come by in downtown Napa, according to DAngelo Holmes. Ive never seen the vacancy rate this low, she said.

The Main Street project, which would require city approvals, could be started quickly, the Realtor noted. We could get going within four months, she said. It would take 18 to 20 months to build, she estimated.

The Wiseman Company is no stranger to development in Napa. The company built the 1000 Main St. building at First and Main and Main Street West at the southeast corner of Main and Clinton, home to Azzurro Pizzeria and AUL insurance company, among others.

The improving economy has led to a shortage of commercial space in downtown Napa, with both of the Wiseman Companys buildings full, Hunter said.

Continue reading here:
Three-story office building planned on Main Street

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December 13, 2013 at 11:45 am by Mr HomeBuilder
Category: Office Building Construction