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Ground Breaking Held for Condo Complex in Goleta

April 07, 1985

Four years of planning and unusually close cooperation between Santa Barbara County and a development partnership have culminated in ground breaking for a new housing project adjacent to a commercial/industrial park in Goleta.

The $21.4-million community is a joint venture of Invest West Financial Corp. of Santa Barbara, owner of the 179-unit condominium complex's site, and Santa Barbara Capital, developer of the Hollister Business Park.

The Grove will provide near-job housing for many who are commuting from as far away as Lompoc and Santa Maria, according to Dale Marquis, Invest West president. Dave Grotenhuis, Santa Barbara Capital partner, added that the business park provides expansion room for local companies that otherwise might have to move elsewhere.

Forty-five Grove units will be available to purchasers under the county's affordability guidelines, with prices for one-bedroom residents beginning at just under $92,000 and for two-bedroom homes just over $103,000.

The complex will have creeks, groves, landscaping, pool, spa, cabanas and exercise room, all maintained by the homeowners' association for a monthly fee. Pre-opening sales are expected to begin later this month, with the grand opening in late June.

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