Summertime and the livin’ is … busy on and around State Street.
A Farmers & Merchants bank branch is moving into the old Rabobank spot at the corner of Carrillo and Anacapa. Let’s hope they bring back the pre-Fiesta party Rabobank used to throw.
Impact Hub continues to expand with a new incubator concept for food and wine purveyors at 1131 State St. (previously Peet’s Coffee), writes The Shopping Center Group commercial real estate broker Natalie Wagner in her summer newsletter. “Mosaic Locale Artisan Goods will house entrepreneurs looking to start or grow their existing business, with Goleta-based Draughtsman Aleworks and Buena Onda Empanadas as part of the starting lineup. See my State Street Update for more info,” Wagner writes.
In sales news, Wagner wrote, the 23,373-square-foot Bank of America building at 834 State St. is for sale; 26 E. Gutierrez St., which has been the longtime home of skate shop Church of Skatan, is on the market at $2.995 million; and 1002 Anacapa St., Compass Real Estate and YMCA, is listed at $5.65 million. The Hutton Foundation recently purchased 1219 State St., previously the Unity Shoppe, and the 4,400-square-foot mixed-use building at 100 E. Haley St. also has sold, she wrote.
Wagner wrote that more businesses continue to pop up on State Street and in the Funk Zone. Nitrogen-powered Creamistry, 935 State St. and Mollie’s, 1218 State St., are open, Wagner said. “Margerum Tasting Room has secured its location in the Funk Zone within the Hotel Californian, 15 E. Mason St.
Right across the street from the Californian, the extension of the Harbor View Inn on Mason and State streets is nearing its opening while the Haley Hotel already is doing business at 26 E. Haley St.
Meanwhile, Wagner writes, “The great cannabis debate has reached a turning point as the three licenses to operate retail cannabis within the city limits have finally been issued.” Of the six locations being considered, State Street was a major hot button and received the most push back from the community, she wrote.
Another attraction coming soon is the Santa Barbara Night Market. “This European-style Christmas Night Market will occupy the Macy’s building at 701 State St. from Nov. 23, and every evening through Jan. 6., Wagner wrote. “Exhibition space is being filled by ‘the best products the Central Coast has to offer,'” according to its website.
“Since the owners of Paseo Nuevo purchased the Macy’s building in January, they have begun a $40 million revitalization project on the entire shopping center,” Wagner wrote.