Yardi Revives Downtown Santa Barbara

Yardi Systems is reviving downtown Santa Barbara by buying the old Paseo Nuevo mall and moving 600 employees into the former Macy’s building, sparking a “generational transformation” praised by city leaders. After a previous deal collapsed, Yardi negotiated a new plan to keep existing shops open while creating a new HQ, all while donating $5 million to housing and $700K to downtown improvements. The company’s local roots and employee-focused culture add to the excitement, and nearby redevelopment of the Nordstrom space will bring 80–120 apartments, with council approval expected soon. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1e9ce664e8468a3a