Granada Tower

Much of State Street’s historic Granada Tower was listed for sale on Friday. Four floors of office space — as well as ground-floor retail space, basement, lobby, rooftop storage, and cell tower — list at $11,575,000 and comprise 17,876-square-feet of property. Real estate brokers Greg Bartholomew and Michael Martz of Hayes Commercial Group are managing the sale on behalf of property owners 1216 State Street, LLC.

The eight-story iconic Granada Theatre and Tower, designed by A.B. Rosenthal and completed on April 9, 1924 by C.M. Urton, was then considered a “skyscraper” by disapproving Santa Barbara locals, according to the real estate brokers’ sales brochure. A year after the building’s project plans were released, a new city ordinance prohibited building additional structures taller than 60 feet. At 119-feet-tall, the Granada Tower remains the tallest building in Santa Barbara, Hayes Commercial Group said.

In 2010, the Granada Theatre and Tower — previously divided into two separate properties — were completely renovated. The tower’s seventh and eighth floors had become residential units. “Now the third, fourth, fifth, and sixth floors will be sold together with the ground-floor restaurant space, rooftop storage, and cell tower as an investment package,” the Hayes Commercial Group wrote in its brochure.


Please note this login is to submit events or press releases. Use this page here to login for your Independent subscription

Not a member? Sign up here.