US EditionSiteline | Paseo Nuevo Housing Ambitions Cut in Half
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Siteline | Paseo Nuevo Housing Ambitions Cut in Half
••• “Whether any housing gets built [at Paseo Nuevo] remains a matter of intense negotiations between City Hall and AllianceBernstein, the finance company that found itself stuck with Santa Barbara’s downtown mall when its prior owners defaulted and were foreclosed upon. AllianceBernstein initially proposed building roughly 500 units—possibly seven stories high. But upon closer inspection, AllianceBernstein’s engineers determined that far more f…
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