La Cumbre Plaza is an outdoor shopping center located in Santa Barbara, California. The first property built by The Hahn Company, La Cumbre Plaza opened in 1967[1] and was purchased by Macerich in 2004.[2] Macerich now holds a long-term lease, which goes through 2077 without ownership of the 31-acre site (13 ha).[3] The shopping center spans 491,000 sq ft (45,600 m2) and is anchored by a Macy's.
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| Location | Santa Barbara, California, United States |
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| Coordinates | 34°26′19″N 119°44′56″W / 34.438583°N 119.748803°W |
| Address | 121 South Hope Avenue |
| Opening date | 1967 |
| Developer | The Hahn Company |
| Management | Macerich |
| No. of stores and services | 50+ |
| No. of anchor tenants | 2 (1 open, 1 vacant) |
| Total retail floor area | 491,000 sq ft (45,600 m2) |
| No. of floors | 1 |
| Parking | Outdoor |
| Website | shoplacumbre |
History
editLa Cumbre Plaza opened in 1967 with anchors Sears and J.W. Robinson's.
Robinson's changed nameplates twice in its history, first becoming Robinsons-May in 1993, then Macy's in 2006 due to the merger of Federated and May Department Stores.[4]
In the mid-2000s Macerich embarked on a remodel that added upscale retailers including Williams Sonoma, Tiffany & Co., Louis Vuitton and Ruth's Chris Steak House. The remodel was at the height of the Great Recession, causing several of these new tenants to close only a few years later. Others have thrived since the remodel including Pottery Barn.
On November 8, 2018, it was announced that Sears will be closing this location in early 2019 a part of a plan to close 40 stores. The store closed in February 2019.[5][6] With the property owners planning for redevelopment, Macy’s will close by 2028.[3]
References
edit- ^ "Ernest Hahn, Pioneer of the Modern Shopping Mall, Dies". The Los Angeles Times. December 29, 1992.
- ^ Macerich (July 23, 2004). "Macerich Announces the Acquisition of Two California Regional Malls" (Press release). Archived from the original on February 4, 2016 – via PRNewswire.
- ^ a b Molina, Joshua (January 3, 2023). "Macy's Will Be Out of La Cumbre Plaza by 2028 as Housing Plans Roil Santa Barbara". Noozhawk. Retrieved January 4, 2023.
- ^ "Robinsons-May to vanish under merger". San Diego Union Tribune. July 25, 2005. Archived from the original on February 3, 2016. Retrieved January 30, 2016.
- ^ Thomas, Lauren; Hirsch, Lauren (November 8, 2018). "Sears to shut 40 more stores early next year". CNBC.
- ^ Bolton, Tom (November 8, 2018). "Sears Plans to Close Store at la Cumbre Plaza in Santa Barbara". Noozhawk.