Malls · California
Paseo Nuevo (Santa Barbara)
Approved 2027 retrofit: housing/office/retail on former mall site, developer Yardi Systems/DSP, city declared surplus land 2024. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from.
Site profile11 elements · what this retrofit is built with · tap a chip for the evidence
Macy's
This site: Macy's wikipedia · all sites with thisNordstrom
This site: Nordstrom wikipedia · all sites with thisRetrofit in the pipeline
This site: …approved newtypes-extraction · all sites with thisCounty typical rent $2,000+
This site: $3,279/mo zillow · all sites with thisRedeveloped
This site: record · all sites with thisReinhabited
This site: record · all sites with thisCivic and government
This site: …new_use field record · all sites with thisEntertainment and sports
This site: …new_use field record · all sites with thisHousing
This site: …new_use field record · all sites with thisOffice
This site: …new_use field record · all sites with thisRetail (continued)
This site: …new_use field record · all sites with thisNow
| Status | Retrofit approvednewtypes-extraction |
|---|---|
| Strategy | Redevelopment · Reinhabitation, approvedWikipedia |
| New uses | civic, entertainment, housing, office, retailWikipedia |
| Retrofit year | 2027newtypes-extraction |
| Redeveloper | Yardi Systems, DSPnewtypes-extraction |
Planning
| Zoning change | yesnewtypes-extraction |
|---|---|
| Public purchase or subsidy | yesnewtypes-extraction |
| Planning notes | Approved by Santa Barbara City Council.Wikipedia |
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| Sold | — | Yardi Systems, DSP Santa Barbara Sub LLC ← city, Paseo Propco LLC (also known as AB Commercial) | noozhawk.com |
Securitised debt and public filers
Filings (2001 to date) that name “Paseo Nuevo” and “Santa Barbara” (38 hits, first 38 sampled, 9 other filers such as tenants left out). Common name: these matches are unreliable. No commercial-mortgage trust names this mall in the sample, which does not rule out a securitised loan. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| Public owner (weak) | TAUBMAN CENTERS INC | 3 | 2001-03-26 to 2003-08-01 | 10-K 2, 8-K 1 |
Site context
| Housing permits, Santa Barbara County (CA), 2024 | 249 units in 5+ unit buildings, 20 in 2–4, 481 single-family; 2023: 80 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 1 within 10 km, 2 within 25 km: Paseo Nuevo (0.4 km)computed |
| Retail trade in the county, 2012 to 2023 | 1,479 establishments (-2%); 19,196 jobs (+2%)Census CBP |
| Housing market in the county | typical home value $988,595 (+4% 1 yr, +30% 5 yr); typical rent $3,279/mo (+3% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 10,102 vehicles a day (major collector, 2 lanes); 37 counted segmentsFHWA HPMS |
Summary, model-written
Paseo Nuevo (opened 1990) is approved for redevelopment starting 2027. Yardi Systems/DSP is the developer, with zoning change and public subsidy confirmed. Strategy is 'redevelop, reinhabit' to add housing, office, retail, and civic uses. The site was declared 'exempt surplus land' by the city in 2024 after anchor closures (Macy's 2017, Nordstrom 2020).
Why. Approved by Santa Barbara City Council. Median rent $2,050 and housing focus are noted in opportunity reasons. No current vacancy rate or housing unit count provided.
Where it stands. Construction planned to start 2027. Only mall within 10km (0.4km away).
For a planner
- Zoning change approved
- Public subsidy confirmed
- Housing component in new use
For a developer
- 2027 start date
- Housing market median rent $2,050
- No current vacancy data
What we do not know yet
- Exact housing units not specified
- Current vacancy rate unknown
- Construction cost details not provided
Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- Westside Pavilion, Los Angeles, CA · Malls · opened 1985; same strategy: reinhabit; also in CA
- Beau Monde Mall, Greenwood Village, CO · Malls · opened 1985; same strategy: redevelop
- Horton Plaza, San Diego, CA · Malls · opened 1985; same strategy: reinhabit; also in CA
- North Point Mall, Alpharetta, GA · Malls · opened 1993; same strategy: redevelop
Elsewhere on the web
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- median rent $2,050
- housing in the record
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Opened | 1990newtypes-extraction |
|---|---|
| Anchors | Macy's, Nordstrom |
| County | Santa Barbara County |
| Census division | 9 · Pacific |
| Notes | Draft from noozhawk.com, model-extracted, unreviewed: The Paseo Nuevo mall in Santa Barbara is being redeveloped, converting former anchor stores (Macy's and Nordstrom) into offices for Yardi Systems and 80-112 rental apartments, while retaining other retail, entertainment, and civic uses. |
Not yet recorded: acres, GLA, original developer, what is there now. Know it? Tell us.
Timeline
- 1990 Mall opened
- 1990 Opened
- 2017 Macy's closed
- 2020 Nordstrom closed
- 2024 City declared property as exempt surplus land
- 2027 Construction planned to start
- 2027 Retrofit: redevelop, reinhabit
Sources
- City Council OKs Paseo Nuevo Redevelopment That Will Forever Change ...
6 quoted sentences
Paseo Nuevo
The Paseo Nuevo mall was developed with Redevelopment Agency money and opened in 1990
The Macy’s closed in 2017
Nordstrom shut down in 2020