{
 "id": "n-dac787998b",
 "slug": "santa-barbara-paseo-nuevo-2",
 "type": "mall",
 "name": "Paseo Nuevo",
 "aka": [],
 "city": "Santa Barbara",
 "county": "Santa Barbara County",
 "state": "CA",
 "country": "US",
 "census_division": 9,
 "lat": 34.419,
 "lon": -119.7005,
 "geocode_method": "wikipedia",
 "address": null,
 "metro": null,
 "original_use": "shopping center",
 "year_opened": null,
 "year_closed": null,
 "acres": null,
 "gla_sqft": 458000,
 "stores_peak": null,
 "levels": null,
 "original_developer": "Santa Barbara City Redevelopment Agency",
 "original_architect": null,
 "before_notes": "Draft from Wikipedia, model-extracted, unreviewed: Paseo Nuevo, a 458,000-square-foot shopping center opened in 1990, is proposed to be redeveloped with office and housing uses after Macy's and Nordstrom closures left it underutilized.",
 "strategy": [
  "redevelop",
  "reinhabit"
 ],
 "new_use": [
  "housing",
  "office"
 ],
 "share_retrofit": null,
 "status": "proposed",
 "year_retrofit": null,
 "developer": "Yardi Systems",
 "architect": "John Field",
 "after_notes": null,
 "narrative": "Paseo Nuevo is a 458,000-square-foot (42,500 m2) open-air shopping center spanning two city blocks of downtown Santa Barbara, California. It is integrated into the street grid on and around lower State Street via pedestrian promenades positioned mid-block at right angles to the surrounding streets, as are the traditional alleyways of the city's downtown. It is constructed in Spanish Colonial Revival architectural style.\nIn June 2026 the Santa Barbara City Council approved a transaction allowing local company, Yardi Systems, to acquire Paseo Nuevo and redevelop the former Macy's building at the mall's southern end as a corporate office for roughly 600 Yardi employees.",
 "narrative_license": "CC BY-SA 4.0",
 "narrative_source": "https://en.wikipedia.org/wiki/Paseo_Nuevo",
 "zoning_change": null,
 "public_subsidy": null,
 "entitlement_year": 2026,
 "planning_notes": "Approved by Santa Barbara City Council.",
 "wikidata_qid": "Q70459060",
 "wikipedia": "https://en.wikipedia.org/wiki/Paseo_Nuevo",
 "osm_id": null,
 "verified": "draft",
 "verified_by": null,
 "last_verified": null,
 "last_updated": "2026-10-18",
 "created": "2026-10-18",
 "contributor_name": null,
 "contributor_org": null,
 "contributor_link": null,
 "international": 0,
 "county_fips": "06083",
 "opp_score": 10.0,
 "opp_reasons": [
  "already in play: under construction, approved, or sold to a developer with housing plans",
  "median rent $2,050",
  "housing in the record"
 ],
 "for_sale": 0,
 "distressed": 0,
 "deep": {},
 "elements": [
  {
   "slug": "anchor-nordstrom",
   "name": "Nordstrom",
   "grp": "anchor",
   "evidence": "Nordstrom",
   "origin": "wikipedia"
  },
  {
   "slug": "status-pipeline",
   "name": "Retrofit in the pipeline",
   "grp": "finance",
   "evidence": "proposed",
   "origin": "record"
  },
  {
   "slug": "place-rent-2000-plus",
   "name": "County typical rent $2,000+",
   "grp": "place",
   "evidence": "$3,279/mo",
   "origin": "zillow"
  },
  {
   "slug": "strategy-redevelop",
   "name": "Redeveloped",
   "grp": "strategy",
   "evidence": "",
   "origin": "record"
  },
  {
   "slug": "strategy-reinhabit",
   "name": "Reinhabited",
   "grp": "strategy",
   "evidence": "",
   "origin": "record"
  },
  {
   "slug": "use-housing",
   "name": "Housing",
   "grp": "use",
   "evidence": "new_use field",
   "origin": "record"
  },
  {
   "slug": "use-office",
   "name": "Office",
   "grp": "use",
   "evidence": "new_use field",
   "origin": "record"
  }
 ],
 "sources": [
  {
   "id": 9214,
   "site_id": "n-dac787998b",
   "url": "https://en.wikipedia.org/wiki/Paseo_Nuevo",
   "title": "Paseo Nuevo",
   "publisher": "Wikipedia",
   "date": null,
   "quote": "Paseo Nuevo",
   "kind": "wikipedia",
   "license": "CC BY-SA 4.0",
   "retrieved": "2026-10-18"
  },
  {
   "id": 9215,
   "site_id": "n-dac787998b",
   "url": "https://en.wikipedia.org/wiki/Paseo_Nuevo",
   "title": "Timeline",
   "publisher": null,
   "date": null,
   "quote": "Paseo Nuevo was built by the Santa Barbara City Redevelopment Agency, utilizing John Field as architect, and opened in 1990.",
   "kind": "quote",
   "license": null,
   "retrieved": "2026-10-18"
  },
  {
   "id": 9216,
   "site_id": "n-dac787998b",
   "url": "https://en.wikipedia.org/wiki/Paseo_Nuevo",
   "title": "Timeline",
   "publisher": null,
   "date": null,
   "quote": "In 1996 the Broadway was converted to a Macy's, which subsequently closed in 2017.",
   "kind": "quote",
   "license": null,
   "retrieved": "2026-10-18"
  },
  {
   "id": 9217,
   "site_id": "n-dac787998b",
   "url": "https://en.wikipedia.org/wiki/Paseo_Nuevo",
   "title": "Timeline",
   "publisher": null,
   "date": null,
   "quote": "The Nordstrom closed in 2020 during the COVID-19 pandemic.",
   "kind": "quote",
   "license": null,
   "retrieved": "2026-10-18"
  },
  {
   "id": 9218,
   "site_id": "n-dac787998b",
   "url": "https://en.wikipedia.org/wiki/Paseo_Nuevo",
   "title": "Timeline",
   "publisher": null,
   "date": null,
   "quote": "In June 2026 the Santa Barbara City Council approved a transaction allowing local company, Yardi Systems, to acquire Paseo Nuevo and redevelop the former Macy's building at the mall's southern end as a corporate office for roughly 600 Yardi employees.",
   "kind": "quote",
   "license": null,
   "retrieved": "2026-10-18"
  }
 ],
 "parties": [
  {
   "name": "Yardi Systems",
   "kind": "developer",
   "role": "developer",
   "year_from": null,
   "year_to": null
  }
 ],
 "events": [
  {
   "id": 5820,
   "site_id": "n-dac787998b",
   "date": null,
   "year": 1990,
   "kind": "note",
   "detail": "opened",
   "share": null,
   "source_id": 9215,
   "verified": "draft"
  },
  {
   "id": 5821,
   "site_id": "n-dac787998b",
   "date": null,
   "year": 2017,
   "kind": "note",
   "detail": "Macy's closed",
   "share": null,
   "source_id": 9216,
   "verified": "draft"
  },
  {
   "id": 5822,
   "site_id": "n-dac787998b",
   "date": null,
   "year": 2020,
   "kind": "note",
   "detail": "Nordstrom closed",
   "share": null,
   "source_id": 9217,
   "verified": "draft"
  },
  {
   "id": 5823,
   "site_id": "n-dac787998b",
   "date": null,
   "year": 2026,
   "kind": "note",
   "detail": "Santa Barbara City Council approved transaction for Yardi Systems to acquire and redevelop former Macy's building",
   "share": null,
   "source_id": 9218,
   "verified": "draft"
  }
 ],
 "gallery": [],
 "anchors": [
  {
   "name": "Nordstrom",
   "wikipedia": null,
   "category": "named in text"
  },
  {
   "name": "Broadway",
   "wikipedia": null,
   "category": "named in text"
  }
 ],
 "deals": [],
 "owner_of_record": null,
 "ctx": {
  "assessment": {
   "what_happened": "Paseo Nuevo (458,000 sq ft mall) in Santa Barbara, CA, is proposed for redevelopment. Santa Barbara City Council approved the transaction in 2026 for Yardi Systems to acquire and redevelop the site, with new uses including housing and office space. The strategy is listed as 'redevelop' and 'reinhabit'.",
   "why": "The site is the only mall within 10km (cluster count 1). Yardi Systems is the developer. The opportunity score (10.0) cites: already in play (approved, under planning), median rent $2,050, and housing in the record. Permits show 2023-2024 residential construction activity (481 single-unit, 249 five-plus-unit units).",
   "where_it_stands": "Status is 'proposed'. Entitlement year is 2026. The narrative states the 2026 council approval covers redevelopment of the former Macy's building as a corporate office. The mall opened in 1990, with Macy's closing in 2017 and Nordstrom in 2020.",
   "for_a_planner": [
    "Downtown integration via pedestrian promenades (Spanish Colonial Revival style).",
    "Traffic: major collector road, 24,854 ADT (2024).",
    "Retail employment grew 2.2% (2012-2023), establishments down 1.5%."
   ],
   "for_a_developer": [
    "No construction status confirmed (only approved).",
    "Housing market: ZHVI $988,595 (2026-09), ZORI $3,279 (2026-09).",
    "No specific housing/office unit counts or timelines provided."
   ],
   "risks_and_unknowns": [
    "No current construction phase stated.",
    "Exact housing/office mix unknown.",
    "No timeline for completion beyond entitlement year 2026."
   ],
   "data_quality": "partial",
   "one_line": "Proposed redevelopment (housing/office) approved by Santa Barbara City Council in 2026; Yardi Systems developer; downtown location with 10km mall cluster; housing market data available.",
   "model": "qwen3-30b-a3b-64k:latest",
   "machine": "Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b)",
   "record_sha1": "429d18f999f5"
  },
  "cluster": {
   "within_10km": [
    {
     "id": "n-b8babc581c",
     "name": "Paseo Nuevo",
     "city": "Santa Barbara",
     "status": "approved",
     "km": 0.4
    }
   ],
   "count_10km": 1,
   "count_25km": 2
  },
  "edgar": {
   "query": "Paseo Nuevo",
   "city": "Santa Barbara",
   "total": 38,
   "name_only_total": 6,
   "common_name": true,
   "sampled": 38,
   "latest": "2021-06-09",
   "earliest": "2001-03-26",
   "cmbs": [],
   "public": [
    {
     "name": "TAUBMAN CENTERS INC",
     "cik": "0000890319",
     "n": 3,
     "first": "2001-03-26",
     "last": "2003-08-01",
     "forms": {
      "10-K": 2,
      "8-K": 1
     },
     "cmbs": false,
     "kind": "owner",
     "sic": "6798",
     "acc": "0000890319-03-000014",
     "doc": "form8k0803ex99.htm",
     "adjacent": false,
     "sibling": true
    }
   ],
   "other": [
    {
     "name": "NORDSTROM INC  (JWN)",
     "cik": "0000072333",
     "n": 13,
     "first": "2001-04-11",
     "last": "2012-03-16",
     "forms": {
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      "10-K/A": 1
     },
     "cmbs": false,
     "kind": "other",
     "sic": "5651",
     "acc": "0001193125-12-119641",
     "doc": "d264543d10k.htm",
     "adjacent": false
    },
    {
     "name": "ANNTAYLOR STORES CORP",
     "cik": "0000874214",
     "n": 4,
     "first": "2010-11-19",
     "last": "2011-10-25",
     "forms": {
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     "cmbs": false,
     "kind": "other",
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    },
    {
     "name": "GAP INC  (GAP)",
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     "first": "2006-03-28",
     "last": "2013-09-12",
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      "10-K": 1,
      "10-Q/A": 1
     },
     "cmbs": false,
     "kind": "other",
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     "doc": "exhibit101msa2.htm",
     "adjacent": false,
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    },
    {
     "name": "CHICOS FAS INC",
     "cik": "0000897429",
     "n": 3,
     "first": "2009-06-10",
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     "cmbs": false,
     "kind": "other",
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    },
    {
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    {
     "name": "Francesca's Holdings CORP",
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     "kind": "other",
     "sic": "5600",
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    },
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     "cmbs": false,
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     "adjacent": false
    },
    {
     "name": "JONES APPAREL GROUP INC",
     "cik": "0000874016",
     "n": 2,
     "first": "2010-07-30",
     "last": "2011-04-28",
     "forms": {
      "8-K": 2
     },
     "cmbs": false,
     "kind": "other",
     "sic": "2330",
     "acc": "0000950123-11-040836",
     "doc": "y90974exv10w1.htm",
     "adjacent": false,
     "sibling": true
    },
    {
     "name": "GS MORTGAGE SECURITIES CORP II",
     "cik": "0001004158",
     "n": 1,
     "first": "2003-02-28",
     "last": "2003-02-28",
     "forms": {
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     },
     "cmbs": false,
     "kind": "other",
     "sic": "6189",
     "acc": "0000914121-03-000239",
     "doc": "go700700-ex99.txt",
     "adjacent": false,
     "sibling": true
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   ],
   "forms": {
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    "10-Q": 7,
    "8-K/A": 4,
    "10-Q/A": 3,
    "10-K/A": 2
   },
   "url": "https://efts.sec.gov/LATEST/search/#/q=%22Paseo%20Nuevo%22%20%22Santa%20Barbara%22&forms=10-K,10-D,8-K,10-Q,ABS-EE&dateRange=custom&startdt=2001-01-01",
   "retrieved": "2026-10-20",
   "v": 4,
   "adj": [
    "0000039911",
    "0000874016",
    "0000874214",
    "0000890319",
    "0000897429",
    "0001004158"
   ],
   "adj_total": 17,
   "first_in_sample": null,
   "securitised": null,
   "vintage": null,
   "vintage_strong": false,
   "source": "SEC EDGAR full-text search"
  },
  "elevation": {
   "elevation_ft": 42.7,
   "resolution": 1,
   "source": "USGS EPQS (3DEP)",
   "retrieved": "2026-10-20"
  },
  "food_access": {
   "tract10": "06083000900",
   "urban": 1,
   "lila_1_10": 0,
   "low_access_1mi": 0,
   "poverty_rate": 24.3006034009874,
   "median_family_income": 56065.0,
   "snap_households": 43.0,
   "pop2010": 3266.0,
   "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)",
   "retrieved": "2026-10-20"
  },
  "housing_market": {
   "zhvi": {
    "latest": 988595,
    "month": "2026-09",
    "change_1y": 0.043,
    "change_5y": 0.302
   },
   "zori": {
    "latest": 3279,
    "month": "2026-09",
    "change_1y": 0.028,
    "change_5y": 0.239
   },
   "county_fips": "06083",
   "source": "Zillow Research (ZHVI, ZORI)"
  },
  "jobs_lodes": {
   "tract20": "06083000900",
   "jobs": 17238,
   "retail_jobs": 1012,
   "food_accommodation_jobs": 2980,
   "year": 2022,
   "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract",
   "retrieved": "2026-10-20"
  },
  "listings": {
   "zip": "93101",
   "month": "202609",
   "median_listing_price": 1996250,
   "median_listing_price_yy": 0.1659,
   "active_listing_count": 39,
   "median_days_on_market": 39,
   "price_reduced_share": 0.2388,
   "pending_ratio": 0.2179,
   "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)",
   "retrieved": "2026-10-20"
  },
  "opportunity": {
   "tract10": "06083000900",
   "kfr_p25": 0.4254,
   "jail_p25": 0.0211,
   "kids_count": 471.4739,
   "commuting_zone": "Santa Barbara",
   "vintage": "children born 1978-83, outcomes measured 2014-15",
   "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)",
   "retrieved": "2026-10-20"
  },
  "peers": {
   "peers": [
    {
     "id": "n-2f2b984bbb",
     "name": "NOHO West",
     "city": "North Hollywood",
     "state": "CA",
     "score": 6.0,
     "why": [
      "similar GLA (452,000 sq ft)",
      "same strategy: redevelop",
      "also in CA"
     ]
    },
    {
     "id": "n-825d32e819",
     "name": "Gwinnett Place Mall site",
     "city": "DULUTH",
     "state": "GA",
     "score": 6.0,
     "why": [
      "similar GLA (562,000 sq ft)",
      "same strategy: redevelop"
     ]
    },
    {
     "id": "m-db58832b4a",
     "name": "Lexington Mall",
     "city": "Lexington",
     "state": "KY",
     "score": 5.5,
     "why": [
      "similar GLA (508,000 sq ft)",
      "same strategy: reinhabit"
     ]
    },
    {
     "id": "m-5619986608",
     "name": "Turfland Mall",
     "city": "Lexington",
     "state": "KY",
     "score": 5.5,
     "why": [
      "similar GLA (552,000 sq ft)",
      "same strategy: reinhabit"
     ]
    },
    {
     "id": "m-9067acff67",
     "name": "Los Arcos Mall",
     "city": "Scottsdale",
     "state": "AZ",
     "score": 5.5,
     "why": [
      "similar GLA (607,350 sq ft)",
      "same strategy: redevelop"
     ]
    },
    {
     "id": "m-dbdce98506",
     "name": "Prestonwood Mall",
     "city": "Dallas",
     "state": "TX",
     "score": 5.5,
     "why": [
      "similar GLA (462,277 sq ft)",
      "same strategy: redevelop"
     ]
    }
   ],
   "method": "size, era, strategy, status, type, state, distance"
  },
  "permits": {
   "county": "Santa Barbara County",
   "2024": {
    "units_1": 481,
    "units_2_4": 20,
    "units_5plus": 249,
    "value_total": 302191235
   },
   "2023": {
    "units_1": 360,
    "units_2_4": 31,
    "units_5plus": 80,
    "value_total": 105791583
   },
   "retrieved": "2026-10-18"
  },
  "qcew_retail": {
   "county": "06083",
   "year": 2025,
   "establishments": 1394,
   "employment": 18147,
   "avg_annual_pay": 44816,
   "lq_employment": 0.85,
   "employment_change_1y": -1.2,
   "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private",
   "retrieved": "2026-10-20"
  },
  "retail_trend": {
   "2012": {
    "estab": 1502,
    "emp": 18779
   },
   "2023": {
    "estab": 1479,
    "emp": 19196
   },
   "estab_change": -0.015,
   "emp_change": 0.022,
   "county_fips": "06083"
  },
  "schools": {
   "district": "Santa Barbara Unified School District",
   "district_geoid": "0601414",
   "grades": "KG-12",
   "district_vintage": "SY2024-25",
   "public_schools_1mi": 6,
   "schools": [
    "La Cuesta Continuation High",
    "Santa Barbara Junior High",
    "Santa Barbara Senior High",
    "McKinley Elementary",
    "Alta Vista Alternative High",
    "Alta Vista"
   ],
   "schools_vintage": "SY2023-24",
   "source": "NCES EDGE",
   "retrieved": "2026-10-20"
  },
  "storms": {
   "county": "06083",
   "years": "2016-2025",
   "events": 62,
   "by_type": {
    "Flash Flood": 41,
    "Thunderstorm Wind": 10,
    "Debris Flow": 7,
    "Funnel Cloud": 3,
    "Tornado": 1
   },
   "property_damage_usd": 617022000,
   "deaths_direct": 21,
   "injuries_direct": 171,
   "note": "county-typed events only; events logged to forecast zones (CZ_TYPE Z: most winter, heat, flood and coastal events) are not counted",
   "source": "NOAA NCEI Storm Events Database, details files",
   "retrieved": "2026-10-20"
  },
  "traffic": {
   "max_aadt": 24854,
   "trucks_aadt": null,
   "road": null,
   "class": "major collector",
   "lanes": 2,
   "segments_600m": 36,
   "year": "2024",
   "source": "FHWA HPMS",
   "retrieved": "2026-10-20"
  }
 },
 "parcels": [],
 "url": "https://retrofitatlas.org/malls/ca/santa-barbara-paseo-nuevo-2/",
 "photo": null,
 "provenance": {
  "gla_sqft": "newtypes-extraction",
  "original_developer": "newtypes-extraction",
  "developer": "newtypes-extraction"
 }
}