San Diego Bayfront Phase I - Current Project



San Diego Bayfront Phase I - Current Project

Project Overview

  • Construction and sales of approximately 159 residential condominium units in three buildings, with luxury amenities and waterfront views
  • Infrastructure improvements of four streets surrounding the building site
  • Located just off the San Diego Bay in Chula Vista, California, 15 minutes south of Downtown San Diego

Project Details

‚ÄčThe Company aims to provide $50 million of EB-5 capital in the form of a loan for the development of the Project, street improvements, and a branded luxury condominium development comprising approximately 159 residential units, one retail unit, and 385,000 square feet of building area. The total development budget is $183 million, and the estimated net revenue is $204.4 million. The Project is part of the Chula Vista Bayfront Master Plan (CVB), a joint master planning process of the Port of San Diego, the City of Chula Vista, and Pacifica Companies. The CVB is one of the last large developable waterfront spaces on the West Coast. Market analysis of the Project shows evidence of pent-up demand and supply constraints, upward-trending prices, and growth in the population of high-net-worth individuals able to purchase luxury homes. The Project would be the first branded residence in San Diego County.

Construction is scheduled to begin in Q4 2015 and be completed in Q1 2019, a period of just over three years. Condo sales will begin in 2016 and will be finalized following Certificate of Occupancy in 2019.



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