The developer whose company is rebuilding the most derelict part of Santa Barbara’s State Street said March 10 the cornerstone hotel in the so-called La Entrada project will be completed by the end of 2016 and open by next summer.
Michael Rosenfeld told about 200 people at El Paseo Restaurant that despite years of start and stops on the project, which was managed by two other developers, he knows La Entrada is on its way to completion because, “I see the checks (to pay construction costs) cross my desk every day,” the developer said.
For almost 20 years, the section of State Street from Cabrillo Boulevard to Yanonali Street has been blighted by stalled attempts to revitalize it.
Rosenfeld referred to “a big hole” between Mason and Helena streets that has been sitting moistly undeveloped for almost 10 years. He said that area will feature a “meandering courtyard” that will be a gathering place for the community.
However, the key element in La Entrada’s mix of improvements in the Californian Hotel, which is being remodeled in Spanish Colonial Revival architecture, Rosenfeld said. The edifice will include elements that can be seen in the Santa Barbara Court House, he said. A rooftop pool and spa are planned for the hotel, he said.
La Entrada also will feature 26-foot-wide sidewalks that will contrast with the narrow walkways in the so-called Funk Zone, in which the project is located. “It will be one of the most active pedestrian areas in the city,” Rosenfeld said of La Entrada, which in Spanish means “the entrance.”
The project will be sprinkled with various retail shops and eateries, but the developer did not mention any by name.
La Entrada will include a “Dream Fountain,” to honor those whose last wish was fulfilled by the Dream Foundation, said Rosenfeld whose audience was a mixture of elected and business group leaders who attend the annual Santa Barbara Downtown breakfast. Rosenfeld is founder and CEO of Woodridge Capital Partners, a Los Angeles-based real estate development and investment firm.