With summer fast approaching, it appears the trend on State Street is a continued decline in retail and a number of new or renamed restaurants opening.
Roost, a new eatery with a breakfast-lunch-and-dinner menu, has replaced the classic Downey’s restaurant, 1305 State St., which served high-class cuisine for 35 years in the Theatre District, wrote The Shopping Center Group commercial real estate broker Natalie Wagner in her May newsletter.
“Additionally, a new high-end Italian eatery called ‘Mizza’ will appear soon (construction has begun!) at 1108-1112 State St. in La Arcada, replacing La Arcada Bistro,” Wagner wrote. The bistro was hit hard by the recent disasters and was closed off and on for many days.
“The waterfront area continues to excite with food and drink options as McConnell’s Ice Cream (opening soon) and Melville Winery being the newest additions to the Hotel Californian project at 120 State St.,” Wagner wrote. “Across the street, Finney’s Crafthouse & Kitchen has finally opened its doors and is happily very busy.”
Wagner said it is also rumored that Margerum Winery will open a new tasting room in the Funk Zone. More details on that to follow, she said.
“Downtown, The Unity Shoppe has moved from its longtime 1219 State St. location to 1209 State St. (a building they purchased last year),” Wagner said. “The Grapeseed Co. has also moved from its space at 21 W. Ortega St. to The Waterline Shops in the Funk Zone.”
Wagner said surprisingly the Verizon Wireless store recently consolidated its 636 State St. store to its Upper State Street location. That means the entire building on the southeast corner of State and Ortega streets is vacant with the recent departure of the CSVR shoe and apparel shop, the exit of Tonic Nightclub, which shuttered earlier this year, and the two-year vacancy of Blush Restaurant.
The owner of the former Tonic, CSVR and Blush spots said he doesn’t own the former Verizon space. He said he has no new tenants for the vacant spots. Wagner said the 600 block of State Street has more vacant storefronts that any other in Santa Barbara.
See her “State Street Update” for more information: https://santabarbaracre.com/state-street/
“Recent notable downtown sales include the multi-tenant building at 1019 Chapala St., which houses Select Staffing and Santa Barbara Festival Ballet, and 212 Cottage Grove Ave. on the lower Westside,” Wagner wrote. “This 7,005-square-foot, mixed-use building has sold twice in one year.”
In the Funk Zone, 42 Helena Ave., has come on the market for a cool $3.5 million for 900 square-foot-feet plus large patio, Wagner wrote.
And, to the surprise of few people, the Random shop at 1221 State St. went under quicker than the old Granada Books store, which used to occupy that space.
Also moving out at Peet’s coffee Bean and Tea Leaf, 1131 State St., and the Step-N-Out repair shop at 907 State St. Peet’s will close May 18.
Posted May 10, 2018