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September 13, 2020

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Newsletter: September 13

September 13, 2020|by Erik Torkells

FOOD STUFF
••• S.Y. Kitchen’s new sister restaurant is slowly opening.
••• Another baker is delivering treats (above).
••• M. Special’s State Street brewpub opens to the public next week.
••• Mesa Burger’s Montecito upcharge.
••• Old Town Coffee is now roasting beans.
••• Vestiges of Sambo’s.
→ Read the post.

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HOT PROPERTY
Another week, another dozen sales—including a big price for a Mediterranean Montecito mansion, another dud of an auction, and a campy Hope Ranch villa.

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WEATHER FORECAST
“Monday and Tuesday, we’ll get a warm-up as high pressure builds in closer,” says Jack Martin of Action Roofing. “Wednesday and Thursday will be cooler, with fog. And next weekend looks like seasonable weather and smoke out of the picture.” Email [email protected] to receive daily updates.

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NEWS ROUNDUP
••• Highway 101 widening to start moving north soon.
••• Parking citations on Fernald Point Lane (above).
••• Expanding Covid-19 outbreak at Santa Barbara County Jail.
••• Cold Spring School bond moves forward.
••• Progress for coastal trail through Carpinteria.
••• Discussions with school-board candidates.
••• Society columnist Richard Mineards.
••• What living near a cannabis farm is like.
→ Read the post.

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ODDS & ENDS
••• Anacapa Island will likely close to visitors next fall.
••• New drawings of the new Summerland Elementary School.
••• Help beautify the Moullet House (above).
••• Caltrans plans to remove the Alamo Pintado Creek Pedestrian Bridge.
••• Film about woman who swam across the Santa Barbara Channel.
→ Read the post.

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PRICE CUTS
Perhaps because the market is insane, only a handful of properties have felt the need to reduce their prices this week. One was a Montecito villa that’s now 57% off the original $22 million price….

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Recent Comments

Don’t ignore the opportunity costs of looking for other deals. Not only do you risk losing this deal, there’s no guarantee another deal would be… — LD

Exactly, Christian. Very well said. This project is needed, right now. — Gail

This modest project— the addition of one mile of siding— has the potential to greatly improve the reliability of the Surfliner, and make it more… — Gail

Bottom line: there is an established process for these types of transactions that is designed to make sure the community residents get the best deal… — SBradley

I think development is just such a different animal. I've worked a little bit with very experienced developers. People who ONLY do RE development. They… — John

John: I think we should keep in mind that Yardi is a software company that sells software *and data* for *real estate property management*. The… — SBradley

Though Yardi is a commercial software developer, real development is much riskier. That business has moats, history, customer lock in and competitive advantages. Redevelopment and… — John

You should remember that where you're sitting right now used to be a tree, a field, or open land at some point. You benefit every… — Tony Machado

It is kind of complex to tease out who bears the risks and benefits in these projects that have public and private parties involved. I… — SBradley

Very interesting. If Yardi is paying anywhere near $120M + $35M + $5.7M for almost 250k empty square feet, this is going to take a… — NuemanJ

Restaurant News

  • Silvergreens Cafe Has Opened Downtown
  • A New Gelato Shop Is Opening in the Tondi Space
  • Whiskey ‘N Rye Barbecue Is Opening in Goleta
  • One Site, Two Chefs, Three New Establishments
  • A Wine Bar Is Opening at The Post

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Walk With Me

  • Where One School Leads to Another
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  • The Arty Heart of Downtown Santa Barbara
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Burning Questions

  • Why Are the Railroad Tracks Being Expanded Along Padaro Lane?
  • Will You Explain the Plan to Adapt the Waterfront for Climate Change?
  • Why Did the Rosewood Miramar Beach Install Gates?
  • How Long Will This Big Pipe Be at East Beach?
  • Is Cabrillo Boulevard Going to Be Widened Under Highway 101?
  • Was There a Fisherman Inn in Downtown Santa Barbara?
  • What Are Those Old Buildings at the Corner of Castillo and Montecito Streets?

Get Out of Town

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