“It’s the only public building like it on the beach, and you could never built it today,” said Parks Department director Jill Zachary on an exclusive tour of the thoroughly renovated East Beach landmark.
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Other recent news: Edith Caldwell Abode has plans to close; county hospitals are at 50 percent capacity, and ICUs are at 56 percent; man threatened diners with what looked like a machine gun; Goleta Water District voted to raise rates; Amazon now offering online shopping for pickup at the Santa Barbara Whole Foods store.
If you want proof that the market is moving, look no further than these 12 notable closings from the past week, from Campanil to Torito Road.
Other recent news: Carpinteria freeway project completed five months early; a push to extend State Street experiment; memorial to black people killed in the U.S.; Viva store opened in Paseo Nuevo; leasing companies report stable demand for student housing; five Chumash Casino employees have tested positive.
The week’s other top price reductions: 1920 Montecito Tudor; appealing interiors in Ennisbrook; new-build four-bedroom by the San Marcos Foothills preserve; 46-acre lot way up Toro Canyon.
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More food news: Tyger Tyger is reopening for weekend pop-up dinners; another brewpub said to be coming to lower State Street; new Westside pizza joint; Mercado el Rey has opened.
Plus: Montecito estate auction has a whiff of desperation; Mate Gallery’s new online sale section; American Express offering $5 credits when you patronize local merchants; a new look for the former Just Folk building in Summerland.
Other noteworthy new listings: 1890 cottage downtown; cute fixer above Coast Village Road; boxy contemporary in the Lower Riviera; Gobernador Canyon farm with approved plans.
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
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
I wish this same logic worked for Thrifty ice cream! According to the BLS inflation calculator, something that cost 5 cents in 1970 should cost… — Doug B