WEATHER »
535 East Montecito Street

Hayes Commercial Group

535 East Montecito Street


Housing Authority Sells Huge Plot


Downtown Santa Barbara’s largest unimproved parcel—located at 535 E. Montecito Street—changed hands this week as the city’s Housing Authority sold the 1.79 acre property to Orange County-based developer City Ventures which plans to construct housing, including affordable units. Project approval was obtained back in 2003 by Bermant Development Company for 40 two-and three-bedroom condos that will be sold at below-market rates (around $400,000), and eight at market rate ($550,000). Bermant, though, was forced to back out and sell its option due to financial issues with its other housing projects.

To submit a comment on this article, email letters@independent.com or visit our Facebook page. To submit information to a reporter, email tips@independent.com.



event calendar sponsored by:

Pledge of Allegiance Is Back at SBCC Board Meetings

Unruly City College meeting raises unaddressed racial tensions.

Women’s March Organizes Against Emergency Declaration

Grass-roots groups to hold protests on Presidents' Day.

Caltrans Estimates 154 Will Open Mid-March

Repairs ongoing at a cost of $2.2 million after Whittier Fire debris blocks culvert.

County Crude Report Highlights Greka, Plains, and Other Spills

Three major onshore projects are now up for consideration.

Carbajal Joins Bill Protecting National Monuments

It would give Congress, not the president, the power to redraw boundaries.