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April 28, 2020

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Newsletter: April 28

April 28, 2020|by Erik Torkells

FIRST LOOK: BLOCKBUSTER FUNK ZONE DEVELOPMENT
Nearly all of the structures on the full city block will be torn down to make way for a complex done in a mix of architectural styles. Read all about it—and take a look at the renderings. P.S. Locals get first crack at the 144 apartments.

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FOOD STUFF
••• Ca’ Dario’s Montecito outpost has opened (above).
••• The nearby Mesa Burger is still getting built out.
••• Low Pigeon is selling six-serving bottles of cold brew concentrate.
••• The Lark and Bell’s are making meals for the vulnerable.
••• Delicious focaccia.
→ Read the post.

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PRICE CUTS
The week’s top price reductions: Tuscan-style villa on ten acres in Montecito; funky mini-compound near the Inspiration Point trailhead; spectacular views in Bel Air Knolls; buildable lot on E. Mountain Drive; 1929 duplex downtown.

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WEATHER FORECAST
“This week will be dry and cooler than last week, with highs in the upper 70s and low 80s,” says Jack Martin of Action Roofing. “Winds will hang around for the next couple of days, but at a more manageable 10 to 25 miles per hour. Some fog might even return to our forecast mid-week. Thursday, a weak system rolls though—this will do nothing more than create another wind event behind it. Forecast models are hinting that another round of heavy wind from Montecito to L.A. is possible Thursday night into Friday.” Email [email protected] to receive his daily updates.

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NEWS ROUNDUP
••• Golf courses are allowed to reopen, with restrictions.
••• County threatens to close beach, park, and trail access if overcrowding occurs.
••• Harbor boat launch ramp reopened.
••• County approves 50-acre pot farm in wine country, spurring a lawsuit.
••• “Jeopardy!” seeks local contestants.
••• Santa Barbara and Goleta chambers of commerce to merge.
••• Study of mudslide debris.
••• San Ysidro roundabout inches forward.
→ Read the post.

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Recent Comments

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

I'm unclear how bike lanes are related to maga. For that matter please explain how freeways and rail lines are remotely maga in a state… — Bettye Jones

Worth knowing about the Paseo Nuevo deal: the city is skipping the required competitive bidding process for this public land transfer by using the state-approved… — SBradley

This write up is such a biased take that sides with a handful of people. I imagine the people groaning about this project have a… — Yesenia G.

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