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Rick Caruso unveils plans for long-vacant Montecito beach property
Rick Caruso unveils plans for long-vacant Montecito beach property

A prominent Los Angeles developer released plans Thursday for a storied Santa Barbara County beachfront property that were revised after years of negotiation with county officials and community members. Caruso Affiliated, a major real estate development firm led by billionaire Rick Caruso, unveiled plans for the land once occupied by the Miramar Beach Hotel in Montecito, 100 miles north of Los Angeles. If approved by county planners, the Miramar Beach Resort and Bungalows will feature 170 rooms, a beachfront restaurant, public beach access and a private club -- all stretching over 15 acres of waterfront property. The developer said he hopes to open the resort in 2017. The new...

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