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Real Estate/Development

May 24, 2017

Sudberry acquires 12.5 acres to build Millenia Commons

The $44.5 million development will feature contemporary urban design with an emphasis on walkability and outdoor gathering spaces.

Sudberry Properties purchased 12.5 acres in Chula Vista from Stratford Land for developing Millenia Commons, a 131,800-square-foot retail center at the gateway of the mixed-use development Millenia.

Terms of the transaction were not released, but the project is estimated to cost $44.5 million, which includes the funds needed to purchase the land and construction expenses.

The center will be located directly south of Otay Ranch Town Center, bordering Birch Road and visible from Sta...

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