Natalie Wagner: State Street Corridor Changes March On

Commercial real estate broker Natalie V. Wagner reports that the changes march on in and around State Street with restaurants and coffee shops and other businesses moving or moving in this month.

The restaurant Scarlett Begonia will be moving from Victoria Court to a more prominent location at 21 W. Victoria St., she says in her January/February newsletter. “The new space is across from the Public Market and was previously occupied by The Nugget restaurant, among others,” Wagner writes. 

Lokum Cafe is the latest coffee spot to open downtown, serving Turkish coffee and desserts at 1019 State St.,” she says. “At 1103 State St., local favorite eco-clothing and accessory boutique, Hempwise, will open this month next to Dune Coffee Roasters (and) Riviera Bar is set to open soon at 20 W. Figueroa St., formerly the Sportsman Lounge.” 

A couple of entertainment spots also are in the mix. 

Surreal Virtual Reality Studio is a new virtual reality concept to open at 436 State St., behind SB Craft Ramen, and Velvet Jones at 423 State St. recently rebranded as Music Alley,” says Wagner. 

She also reports Meritage Wine Market, based in Encinitas, will backfill the space vacated by Savoy’s wine shop, 18 W. Anapamu St. 

“In bigger sale news, 1001 State St. (home of the new Amazon Alexa offices) recently hit the market for a cool $38.4 million,” Wagner says. A couple of years ago Hotel California owner and developer Michael Rosenfeld purchased the 46,813-square-foot building, put millions into it, leased it to Amazon who also put millions into it and opened in January. 

Meanwhile at the water front, “Flor de Maiz has opened at 29 E. Cabrillo Blvd. and J. Wilkes opened a small (wine) tasting room at 35 State St., within the Hotel Californian project, she says. “Kiva Cowork has also expanded as it took over the Waterline Shops in the Funk Zone’s Waterline Project for event space.” 

To see Natalie Wagner’s complete newsletter, see  

Posted March 6, 2020. 

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