A changing of the guard is underway at Monterey’s famed Golden State Theater, where the operator of a popular Santa Cruz nightclub has come to take the reins and guide the venue through the next decade.
Former owners Lori and Eric Lochtefeld sold the 1,003-seat, 95-year-old theater at 417 Alvarado Street for $ 4.5 million to Igor Gavric, which operates as Monterey Historical Development LLC , according to county property tax records. Gavric is the general manager of Catalyst nightclub in Santa Cruz, where he started as a bouncer at the age of 20, according to press clippings from 2010. The Weekly could not reach Gavric at press time.
The Lochtefelds bought the historic theater for $ 3.9 million in 2014 amid a flurry of interest that prompted the town of Monterey to consider a public buyout of the property to create a cultural arts center, a said City Manager Hans Uslar. The Lochtefelds arrived just after their success at the Fox Theater in Redwood City, an old theater they bought and relaunched into a serious concert hall.
The Lochtefelds enjoyed similar success with the Golden State Theater, which has become a vibrant venue for a range of events under their tenure. (The Lochtefelds did not return multiple requests from the Weekly for comment.)
Uslar says he plans to meet with Gavric next week to discuss the new owner’s vision for the theater and his expectations.
âSince this is an important anchor point, I always enjoy meeting the operators,â says Uslar. âThe Lochtefelds really turned the theater into an attraction for the city and an anchor on Alvarado Street.â