Naples News
Developer Cancels Plan to Build Single Lot
Three weeks after requesting a rescheduling of an Architectural Review Board hearing on the subject, hopeful Naples developer Matt Osgood has formally withdrawn his plans to build a single house on the mesa portion of the historic Gaviota property.
Separate from the currently stalled-out plan to put several dozen large scale luxury homes at Naples, Osgood — who recently defaulted on the massive multimillion-dollar loans he carried and thus forfeited ownership for a vast majority of his Naples holdings — was in the preliminary stages of seeking approval for a singular house on one of the six Naples lots he still has full control over. According to Santa Barbara county staffers, Osgood has withdrawn this application.
Plans for lot 42 — located on the ocean side of Highway 101 but not one of the choice ocean-front lots — were initially scheduled for preliminary review by the county’s Central Board of Architectural Review (CBAR) in early June but, at Osgood’s request, was continued to a hearing on July 9.
With that date approaching, Osgood has apparently decided to abort those plans altogether and has withdrawn his application for development. Calls to Osgood from The Independent for comment on this decision were not returned as of press time.
