Plus: Exploring Patrick Nesbitt’s Summerland estate, heading to auction soon; the nubby facade of Jeff Shelton’s round tower; Amtrak route to be reservation-only around Thanksgiving; “fantasy rainfall” game.
Plus: Exploring Patrick Nesbitt’s Summerland estate, heading to auction soon; the nubby facade of Jeff Shelton’s round tower; Amtrak route to be reservation-only around Thanksgiving; “fantasy rainfall” game.
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You’ll get a better understanding of the Evans undercrossing, with its zippy design reminiscent of Copacabana; the Sheffield Drive righthand on- and off-ramps; and sound walls that include planters.
More food news: Satellite’s special Mexican dinner; My Homies Kitchen is serving fresh, affordable food on Tuesdays at La Casa de la Raza; new coffee shop at Paseo Nuevo; Surf ’n’ Suds Beer Fest is now online; nearly 80 wineries oppose BID proposal.
The week’s top price adjustments also include a house on the sand at Miramar Beach, a big spread on a double lot in Birnam Wood, a funky roofline on the Mesa, and more.
Other recent news: Maria Sharapova spent $8.55 million in Summerland; county supervisors enable officers to fine people gathering against Covid-19 rules; city council approves bike-sharing program; Jeff Bridges announced that he has lymphoma.
The week’s other noteworthy new listings include two 1920s houses by Winsor Soule in the Upper East, a 1921 cottage on Camino Viejo, three vacant lots in Summerland, and more.
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.
Plus: The new gallery on Coast Village Road; Montecito Trails Foundation is selling merchandise this week; a reader wonders about the construction on Modoc Road; 12.77-acre Golden Quadrangle lot pays just $12,729 in property tax.
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