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Blog
Their new establishment will be a natural wine bar, a cocktail bar, a bottle shop, and a restaurant—and it’s soft-opening soon.
Plus: Prominent Carpinteria corner for rent; post-screening discussion about “Vera Cruz,” a short film about the Jeff Shelton house on Santa Barbara Street; Clare V. pop-up open; retro-style Mollusk video; now seeking Siteline feedback.
As fancy as Montecito real estate gets—and keeps getting—you can still come upon a gorgeous relic like Stonehedge, on the market for the first time in nearly a century.
Other recent news: Who owns the superyacht anchored off Santa Barbara; county guidance on school waivers and salons operating illegally; Caltrans cleared fire hazards in Goleta; California Avocado Festival to be virtual; NCAA men’s soccer tournament won’t be at UCSB as planned; school-board candidate Monie de Wit.
Inventory new and old continues to get snapped up. Here are the 10 notable closings from the past week.
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.
More food news: Fundraising drive to get the Bossie’s Kitchen cow replaced; spiffy new parklets at Dune and Satellite; Triple Chip’s full menu of treats; a Coffee Bean & Tea Leaf reopened; an ounce of knowledge.
The week’s top price reductions include midcentury houses with potential in Montecito, Hope Ranch, and on the Mesa; a 1929 house on an acre on APS; and a house with a view of hills, canyons, ocean, and islands—all from one deck.
Plus: Degeneres burglary thought to be an inside job; new signage at the rebranded Hyatt Centric on E. Cabrillo; Lotusland’s Japanese pavilion is open; a UCSB swimmer’s 10-mile ocean swim for Covid-19 relief; the city’s draft plan to cope with rising sea levels.
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 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
I think some folks who would consider this is a windfall for Yardi may be overlooking two things: 1)The cost to Yardi to buyout AB's… — StanThompson
Just realizing I did not address your first point. The buildings on the property have been up for sale, and their value is also depressed… — SBradley
I think that the city's representation of this land as having ‘zero value’ is confusing because it sums together the value of 2 distinct things… — SBradley
No idea whether this is a good deal for Yardi or not. Paseo Nuevo has been available for sale since 2020 with no buyers -… — NuemanJ