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June 16, 2021

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Newsletter: June 16

June 16, 2021|by Erik Torkells

WHAT’S COOKING
The restaurant industry in greater Santa Barbara is roaring back: the 27 new restaurants and bars on the horizon include a downtown patisserie, beachfront dining, a rooftop tasting room, farm-to-table fast-casual, two high-end hotels, a restaurant incubator, a seafood tavern, and much more.

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FOOD STUFF
••• A former tech CEO is opening a restaurant and bar on Coast Village Road.
••• Long-delayed Riviera Bar is finally getting ready to debut.
••• Old Town Coffee will take Hook & Press’s space on State Street.
••• Rascal’s moved up the date of its Venus in Furs residency.
••• Food-and-beverage changes at the Ritz-Carlton Bacara.
••• Wingstop opening in Isla Vista.
••• Gelato shop coming to Solvang.
→ Read the post.

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NEW ROUNDUP
••• Fully vaccinated people can ditch masks in most settings.
••• The four women who started Save the San Marcos Foothills.
••• SBPD spokesman Anthony Wagner is seeking $4.6 million from L.A. magazine.
••• The Mission Canyon Bridge discussion.
••• County finally starts cracking down on cannabis scofflaws.
••• Barrett Reed is running for city council.
••• Musician buys in Montecito.
••• Santa Barbara’s new community development director.
••• Fire near Lake Casitas.
••• Ojai Music Festival will be in September (above).
→ Read the post.

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HOT PROPERTY
Notable sales include oceanfront Hope Ranch that went for $1.625 million over asking price; impressive prices in San Roque and on the Mesa; a three-acre lot between the 101 and Hammond’s Beach; a 1949 compound in Toro Canyon; a bunch of off-market closings from May; and more. See what sold—and for how much.

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ODDS & ENDS
••• First look inside the Inn at Mattei’s Tavern (above).
••• Trevor Noah, Haim, and Van Morrison at the Santa Barbara Bowl.
••• Dates announced for next year’s Santa Barbara International Film Festival.
••• Pu’u Muay Thai martial arts school has moved.
••• Fossilized leaves in the sidewalk.
••• The answer to last week’s “Where in Santa Barbara…?”
→ Read the post.

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Recent Comments

Tony, I was just having a little fun with my morning coffee when I wrote that comment and didn't mean to trigger anyone. Regarding action,… — J

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

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