Tuesday, February 20 , 2018, 5:53 pm | Fair 56º

 
 
 
 

Business

Construction Under Way on Hancock Terrace Apartments in Santa Maria

The Towbes Group's $50 million downtown project will include 268 rental units and is expected to be completed in 16 months

Santa Maria Mayor Alice Patino speaks during Tuesday’s preview event for the Hancock Terrace Apartments as Michael Towbes of The Towbes Group listens.
Santa Maria Mayor Alice Patino speaks during Tuesday’s preview event for the Hancock Terrace Apartments as Michael Towbes of The Towbes Group listens. (Janene Scully / Noozhawk photo)

With construction well under way behind him, Michael Towbes on Tuesday heralded the start of work on the Hancock Terrace Apartments, a $50 million project with 268 rental units in downtown Santa Maria. 

The celebration was touted as a groundbreaking ceremony, but work was well under way at the site at 534 E. Boone St.

“We thought we would have a groundbreaking, but you’ll see when you get behind the fence here it’s not a groundbreaking because we have already broken a lot of ground,” Towbes, chairman of The Towbes Group, said at what he called a preview event.

The project is expected to be completed in 16 months, Towbes added.

Behind him, heavy equipment moved dirt on the southern side of the property while workers were busy on other sections working with wooden forms.

“I believe this is one of the largest single residential projects the city has ever seen,” Towbes said.

The Hancock Terrace Apartments will sit on 9.53 acres and will have four three-story buildings, all served by elevators.

“I think it’s very clear that there’s a need for quality workforce housing and a great deal of it should be rental housing,” Towbes said. “Other than what we’re building, there’s very little new rental housing being built. It’s not a short-term investment. It’s a long-term investment. We build for the long-term.”

Community amenities will include pedestrian/bicycle paths, ample parking, a heated swimming pool and community center with a gym and coffee bar in addition to outdoor play and seating areas. 

Hancock terrace
The Hancock Terrace Apartments will sit on 9.53 acres and will have four three-story buildings. (Janene Scully / Noozhawk photo)

“We’re very excited to have this kind of development and project so close to the city because it’s going to impact positively the downtown of Santa Maria,” Mayor Alice Patino said. “We see this as a great project.”

She noted the proximity of the adjacent Santa Maria Transit Center in addition to the Santa Maria Town Center a few blocks of away and within walking distance of Allan Hancock College.

Prior to the opening of another Towbes project, the Siena Apartments in Santa Maria, it had been years since new apartments were built in the city, “and we need them desperately here,” she added. “Thank you, Mr. Towbes, for bringing us another quality project.”

Towbes expressed appreciation to city staff for working to make the project reality. The Hancock Terrace Apartments is especially important since it’s part of Santa Maria’s efforts to revitalize its downtown area.

“We hope it will lead to more high quality development in the city core,” Towbes said.

The new development’s name stems from the fact the land was owned by the family of Capt. G. Allan Hancock, who started a flying school at the site where the college sits today. Hancock Terrace is the home of an ice house, purchased by Hancock along with the Santa Maria Valley Railroad in 1925. 

Hanock’s great-granddaughter, Jane Brennan of San Luis Obispo, spoke during the ceremony about the site once owned by her “Papa.”

Years after Hancock acquired the ice house, he brought electricity to the facility, Brennan said.

“Papa always insisted on using advanced technology in all of his endeavors,” Brennan said. “He knew it was important for the freshest produce to get out of the valley to get all over the country. It was great for Santa Maria. It was great for commerce. … It was just great for the community as a whole.”

Her great-grandfather’s philosophy is why the family chose to partner with Towbes, Brennan said. 

“It truly takes a village to move innovative projects through to completion,” Brennan said.

Noozhawk North County editor Janene Scully 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.

  • 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 >

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 PayPal below, or click here for information on recurring credit-card payments.

Thank you for your vital support.



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


Cimme Eordanidis
"Since I truly enjoy doing what I do, interacting with people and representing them during one of life's most exciting events is very rewarding."

Full Profile >