How State Street Looks as End of 2018 Approaches

Natalie Wagner specializes in properties on State Street, Funk Zone and around Cottage Hospital.

The county’s most visible commercial corridor looks quite a bit different than it did last year at this time.

The 2017 holiday season was devastated by the Thomas fire and subsequent Montecito mudslide. But this year by comparison, State Street is practically booming, as commercial real estate broker Natalie Wagner points out in her most recent newsletter. This some three dozen vacant sites.

“A growing trend among pop-ups and long term tenants seems to be gallery’s and showrooms occupying high-profile retail space,” Wagner writes. “Santa Barbara Fine Art opened in Arlington Plaza at 1324 State St. a few months ago, and Wide Open Gallery has opened as a pop-up at 506 State St.”

Additionally, Wagner writes, “Carpinteria-based window covering and outdoor furniture design company, Pampel Design Solutions & Awnings, is close to opening their showroom at 1014-B State St.”

In restaurant news, Wagner writes, the long-awaited Cafe Ana opened its doors last week at 1201 Anacapa St., which was the home to Coffee Cat for many years.

“The front portion of Santa Barbara Brewing Co. at 501 State St. has quickly turned over to The Cruisery, while the old Brew Co. Lounge area in the rear of the building remains under construction,” Wagner writes. Across the street at 7 W. Haley St., Mosto Crudo will soon be moving into a much-needed full restaurant space at 532 State St.”

A few new retailers have popped up as well, Wagner writes. “Mary J Mart signed a lease at 432 State St., an unnamed nail salon is now open at 632 State St., and the PRIM Boutique pop-up is operating out of 714 State St. (previously Lole). See my State Street Update for more info.”

New properties available for lease include 918 Chapala St. and 608 Anacapa St., which was Basil’s Italian restaurant in the Anacota Building,” Wagner writes.

“Some larger sales have occurred recently, with an 18,054-square-foot office building at 128 W. Canon Perdido St. selling for $8 million, and 18 Anacapa St. in the Funk Zone trading to a local investor for $8.8 million.”

Leave a Reply