First it was Ian Schrager, the big city boutique hotelier...

Next it was local billionaire Ty Warner, the famous toy maker and hotelier...

And now developer Rick Caruso is learning first hand about the long path it will take to please all sides for a proposed development to "revamp" The Miramar Hotel located on the beach in Montecito CA.

From the start in 2006 when Mr. Caruso purchased the property from Ty Warner, he has pleased many residents and the city by holding open forums and meetings with community members regarding the development plans for The Miramar Hotel.  The problem is, that to date it simply seems too hard to please everyone while also leading a profit turning adventure for Caruso Affiliated.  Ben Preston, from The Independent writes a great article updating the latest concerns and news about the project being proposed.

Time is the only guarantee that we know will happen and it continues to look like any development for The Miramar Hotel will need plenty of time.  The one thing that seems to be agreed upon is that everyone wants the project to happen...it is just how and on what terms.

Further Reading: The Luxury of Santa Barbara and Montecito Oceanfront Real Estate, The Secret of Santa Barbara and Montecito CA Oceanfront Property and Estates, Montecito CA Beach Property in High Demand

Kevin Schmidtchen - Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative.  Please feel free to contact me or comment below with any thoughts. 

Subscribe to Receive Personal Listings of Santa Barbara Area Properties

Search the Montecito Area MLS