10 NEW RESTAURANTS ON THE HORIZON
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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HAMMER TIME!
Someone snagged 207 acres just west of the Ritz-Carlton Bacara—with a mile and a half of ocean frontage—for a song. Is it too early to call this the real estate bargain of the year?
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NEWS ROUNDUP
••• Biden moves toward banning new offshore drilling here.
••• Santa Barbara City Council votes to require union labor on some construction projects.
••• Montecito Journal argues that county vaccination regulations should be flouted.
••• SBPD likely to get body cameras soon.
••• Thefts of catalytic converters are on the rise.
••• Summerland tennis court renovation.
••• Artist Andrew Leonard’s fresh take on Santa Barbara locales (above).
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HOT PROPERTY
Everything continues to sell—high, low, turnkey, and not. Among the interesting properties to change hands this week: a Hedgerow charmer, the weirdest house on the Riviera, a split personality in Birnam Wood, a Hope Ranch fixer in its first time on the market in 70 years, and a cute 1936 house on a secret downtown street.
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WHERE IN SANTA BARBARA…?
Congratulations to Kelsey for correctly identifying the location of this bike rack.
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ODDS & ENDS
••• First look at the Montecito water tank house.
••• 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.
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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