Yardi Revives Santa Barbara Downtown

Santa Barbara’s downtown is getting a major makeover thanks to Yardi Systems, who are taking over the Paseo Nuevo mall and relocating 600 employees into the old Macy’s building — a $100M investment aimed at revitalizing the area. Alongside new apartment development in the former Nordstrom, the city council approved the deal despite some concerns about returns, ultimately seeing it as vital for boosting foot traffic, local businesses, and housing. With private investment pouring in and officials optimistic, this could be the catalyst downtown has been waiting for. 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/d6319395d7260fed