Someone snagged 207 acres just west of the Ritz-Carlton Bacara—with a mile and a half of ocean frontage—for a song.
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Plus: A new online store selling local handmade goods; The Well’s third house has opened; the layout of the Mattei’s Tavern resort; Santa Barbara International Film Festival’s Outstanding Performer of the Year award; development likely for a corner lot downtown.
Despite the devastation that pandemic restrictions have wrought on the restaurant industry, we have a bunch of new establishments to look forward to in coming months.
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Could sellers be optimistic the vaccines will allow them to move somewhere else? And/or are they afraid the boom might end soon? Either way, there’s a lot of new inventory to check out….
More food news: Next steps for the Beachside Bar-Cafe space; Cajé’s State Street café has reopened; Merci’s standout banana pudding; the recipe for Bettina’s meatballs; glimmers of life at the old Wildwood Kitchen; SLO wine shop for sale.
Plus: The zoo’s oldest resident has died; an easy way to help small businesses around here; survey about county recreation planning; Southwest airfares; aquatic rehab facility in the works at Goleta Valley Cottage Hospital; a big new basement in Montecito; Elings Park tennis office remodel; new renderings of four-story building proposed for De La Vina Street.
The Siteline newsletter is the best way to follow the website. To subscribe, click the link at the bottom of this post. And you can unsubscribe at any time.
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?
Recent Comments
I appreciate your earnestness and tenacity and desire for process. I share it. But after 10 years of a huge vacancy, a dying mall, and… — John
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