HISTORY
History of the Proposed Target Site
at
6100 Hollister Avenue, Santa Barbara, CA
| 1996: | City Request for Proposal for ground lease of 15 acre parcel at 6100 Hollister Ave; |
| 1997: | Bermant Development Company selected as developer for parcel with proposed 180,000 s.f. project consisting of 160,000 square feet office and R&D use, leased by Miravant Corporation (a medical products company) and 20,000 sf retail along Hollister Avenue; |
| 1998 – 2001: | BDC processes plans and obtains approvals for project |
| 2002: | Miravant fails to obtain necessary FDA approval |
| Sep 2003: | BDC submits Target and Best Buy offer for property; rallies are held but City Council does not allow public consideration of matter |
| Jan 2004: | Santa Barbara City Council, in closed session, votes no to consideration of Target/Best Buy proposal |
| Mar 2004: | Termination of Agreements |
| Oct 2004: | City issues new RFP |
| Jul 2005: | BDC selected again as developer with Citrix as primary tenant |
| 2005 – 2006: | BDC revises plans and obtains revised approvals; |
| Nov 2006: | Citrix elects not to proceed and relocates to newly vacated existing office space; |
| Dec 2006: | BDC proposes Target for second time; all discussions are confidential |
| Jan 2007: | Santa Barbara City Council, in closed session, votes no to consideration of Target proposal |
| Spring 2007: | City designates RFP runner-up as developer and begins negotiations |
| Summer 2008: | Negotiations terminate and RFP ends without any development. |
| May 2009: | Target and BDC submit new offer |
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