La Cumbre Plaza

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La Cumbre Plaza
LaCumbrePlaza.jpg
La Cumbre Plaza
Location Santa Barbara, California, United States
Coordinates 34°26′19″N119°44′56″W / 34.438583°N 119.748803°W / 34.438583; -119.748803
Address121 South Hope Avenue
Opening date1967
Developer The Hahn Company
Management Macerich
Stores and services50+
Anchor tenants 2 (1 open, 1 vacant)
Floor area 491,000 sq ft (45,600 m2)
Floors1
ParkingOutdoor
Website shoplacumbre.com

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.

Contents

History

La 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

  1. ↑ "Ernest Hahn, Pioneer of the Modern Shopping Mall, Dies". The Los Angeles Times. December 29, 1992.
  2. ↑ 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.
  3. 1 2 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.
  4. ↑ "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.
  5. ↑ Thomas, Lauren; Hirsch, Lauren (November 8, 2018). "Sears to shut 40 more stores early next year". CNBC .
  6. ↑ Bolton, Tom (November 8, 2018). "Sears Plans to Close Store at la Cumbre Plaza in Santa Barbara". Noozhawk.
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