Friday, August 17 , 2018, 9:21 am | A Few Clouds 71º



Chapala One Condo Project in Santa Barbara Sold to L.A. Developer

Residents could start moving into the downtown luxury development as early as next summer

Construction crews are making outer cosmetic repairs to the Chapala One luxury condos in downtown Santa Barbara following the controversial development’s recent sale to a Los Angeles developer.

Michael Rosenfeld of Woodridge Capital Partners LLC purchased the unsold condos last month for an undisclosed amount, according to Austin Herlihy, an agent for Radius Commercial Real Estate & Investments.

Chapala One, located at Chapala and Gutierrez streets, and its large buildings have prompted a debate over city planning, which included the 45-foot building height limit voter initiative on November 2010’s ballot.

The condos, which have remained vacant since construction was completed in 2008, could see residents as early as next summer, according to Herlihy, who worked on the sale for some time with Radius co-founder and principal Steve Brown.

A spokeswoman for Woodridge Capital confirmed the sale but would not provide any details.

“The plan is to probably start selling units in the summer,” Herlihy told Noozhawk. “I think it’s really going to help bring some vibrancy down to that area.”

Jaime Limon, a senior planner for the City of Santa Barbara, said crews are tearing off plaster and replacing it to include all the details of the original appearance after some outside stucco work was found defective.

“Part of the agreement between the courts and buyers and developers was to make some repairs,” Limon said.

Former Chapala One LLC owner Don Hughes, who was successfully sued by Melchiori Construction Co. of Santa Barbara for underpaying workers on the project, could not be reached for comment.

Since the verdict, Melchiori has experienced its own internal turmoil, including its president, Mark Melchiori, being accused of not paying subcontractors, not making payroll and of borrowing money from employees without repayment.

The company filed for bankruptcy in October, and Mark Melchiori also has filed for Chapter 7 bankruptcy personally.

Herlihy said he is hopeful Woodridge will bring new life to the project, which includes 46 luxury residential condos and 7,000 square feet of commercial/retail space.

“It’s a very beautiful project that had some bad timing,” he said. “Fortunately, Woodridge has picked up the baton to finish off.”

Noozhawk staff writer Gina Potthoff can be reached at .(JavaScript must be enabled to view this email address). Follow Noozhawk on Twitter: @noozhawk, @NoozhawkNews and @NoozhawkBiz. Connect with Noozhawk on Facebook.

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through Stripe below, or click here for information on recurring credit-card payments and a mailing address for checks.

Thank you for your vital support.

Become a Noozhawk Supporter

First name
Last name
Enter your email
Select your membership level

Payment Information

You are purchasing:

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover
One click only, please!

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >

Meet Your Realtor Sponsored by Village Properties

Photo of Dianne and Brianna Johnson
Dianne and Brianna Johnson
"We are committed to making our clients feel special by providing the concierge level service they deserve."

Full Profile >