Tuesday, November 29, 2022

Santa Barbara Office Conversions Increase

Former Macy's store at Paseo Nuevo being converted into large office space

The former Macy’s building (now called the Ortega Building, as it takes of most of the first block of West Ortega Street), is being repurposed as Class A office space. The building is undergoing a total makeover, and the new owners hope to find tenants who will take the three floors of approximately 45,000 square feet each. Renovation, possibly including a rooftop deck, is underway now, with expected availability sometime in 2022.

The building has been vacant since 2017, when Macy’s, which has a store at La Cumbre Plaza, shut it down. The new office space will compete for office tenants with the conversion of the Enterprise Fish Company about a half mile down State Street, just across the freeway. The addition of office space may seem surprising to many people, as the pandemic that drove many office workers to work remotely is expected to reduce overall demand for space.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Consequat ac felis donec et odio. Rhoncus aenean vel elit scelerisque mauris pellentesque pulvinar pellentesque. Iaculis at erat pellentesque adipiscing commodo elit. Elementum integer enim neque volutpat ac. Parturient montes nascetur ridiculus mus mauris vitae ultricies leo integer. Viverra suspendisse potenti nullam ac. Purus faucibus ornare suspendisse sed nisi lacus sed viverra. Senectus et netus et malesuada fames ac. Quisque non tellus orci ac auctor augue mauris augue neque. Turpis nunc eget lorem dolor. Et tortor at risus viverra adipiscing. Turpis in eu mi bibendum neque egestas. Ac felis donec et odio pellentesque diam volutpat commodo. Adipiscing bibendum est ultricies integer quis auctor.

You must purchase this article or be a subscriber to comment on it.