Concerns Arise Again About The Proposed Development of The Miramar Hotel in Montecito CA.
By Kevin Schmidtchen, Santa Barbara CA Realtor
(Village Properties)
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 c...
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