According to the local real estate rumor mill Amazon will be leasing the Saks Fifth Avenue Building at 1001 State Street in Santa Barbara for two million dollars a year. Construction on tenant improvements will begin in early 2019, with tenancy happening by the end of next year according to Austin Herlihy, executive vice president at Radius Commercial Real Estate. State Street has struggled with retail vacancies for the past several years, but the presence of Amazon (if it is Amazon) might give the artery a much-needed adrenaline boost. NDAs have been signed so hence the rumor mill reference.
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