Condos that end up as second homes, not really adding to the home town,
“We’re going to start the demolition next week.” Silverie’s plans call for creating 10,000 square feet of retail space on the first floor, including two or three restaurants. He said the restaurants are possible because he acquired four water credits from Pacific Grove Municipal Golf Links. The second two floors will each have five luxury condominiums ranging from 2,100 to 2,400 square-feet. The builder said one has already been sold for $3.5 million, and the others will be listed in “the mid-to-high $2 million range.” While Silverie plans to sell all 10 condos, his company will manage the retail space.