THAT is Happening in Downtown Santa Barbara?!
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Let's get straight to the point... the most anticipated news about the most watched building downtown has finally come to our ears - the Macy's building has a new owner! Pacific Capital Retail Partners, managing partner of Paseo Nuevo Shops & Restaurants, closed on the building sale at the end of January and is now in control of its future. Rumors abound about what the fate of this building will be including housing, a boutique hotel, gym, and more. It's too soon to tell how this piece of the downtown puzzle will fit into its whole. Stay tuned to my newsletter and social media for more updates!
Two vacancies on the 700 block of State Street are alive once again with Bibi Ji filling the turnkey restaurant space at 734 State St., and Japan-based retailer MINISO opening its doors at 733 State St. Additionally, you will soon be able to fill up on poke and Thai-style rolled ice cream (yum!) at 716 State St., which was previously M.A.C Cosmetics. See my State Street Update for more info.
Silver Wines has opened its first downtown tasting room at 813 Anacapa St. in the Historic El Paseo (next to 24 Hour Fitness), while Corazon Cocina is expanding in the Public Market by scooping up adjacent space to their current location. Saratoga Turkish Bazaar has moved three doors down to 1015 State St., and is now open with new offerings!
The multi-tenant commercial building at 1019-1021 Chapala St., which houses Select Staffing and Santa Barbara Ballet, has come on the market at $3.2 million, and 631-633 Chapala St. is back on the market as an owner/user or investment opportunity at $2.175 million.
See my full February 2018 Newsletter Here.