Construction will begin soon on the first offices in the 210-acre Millenia development in Chula Vista near the Mexican Border.
Chesnut Properties, which has developed R&D facilities and office buildings throughout San Diego, announced Wednesday it has purchased seven acres in Millenia’s designated office area, with an option to purchase the balance of the 28-acre office site.
Grading has begun for two four-story office buildings, totaling 318,000 square feet, a parking structure for 1,200 vehicles and a 7,000-square-foot fitness center and cafe complex. The first phase will also include a 40,000-square-foot Chula Vista library branch.
“Millenia is strategically located at the center of the Cali Baja Bi-National Mega-Region,” said Lee Chesnut, principal of the property company. “Ongoing improvements, such as the Tijuana International Airport Cross Border Terminal, transformation of Brown Field airport, completion of SR-905, and enlargement of both the San Ysidro and Otay Mesa ports of entry, position Millenia for rapid expansion among global market players.”
“Throughout my career, I’ve tried to position myself in areas where something great could happen,” he said. “It happened in UTC. It happened in Sorrento Mesa. I believe that Millenia will become the next great business cluster in the region.”
Millenia is envisioned as a future city center for South San Diego, with up to 3,000 multi-family residences, 2 million square feet of office space, 1.5 million square feet of retail space, six themed urban parks and a variety of tree-lined promenades, casual gathering places, and plazas. Population at build out will be approximately 7,500.
The multi-billion-dollar development by Meridian Development for Stratford Land is estimated to take 20 years to complete.
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