Construction is underway on Creekside Pointe, a new $20 million, 118-unit apartment complex in western Chula Vista.
A statement from Xpera CM, which is providing construction management services, said the project is being developed by Creekside Vista LLC, a partnership controlled by Mexico City-based consumer electronics manufacturer Diamond Electronics. The site is at Third Avenue and L Street, across from the San Diego Country Club and west of Interstate 805.
Officials said this is the first multifamily project to be built in that part of Chula Vista in 15 years. Plans call for 118 market-rate apartments, with four live-work loft units and a small commercial unit, along with a resort-style pool and spa, and a park with a playground and open-space trails.
The partnership acquired the 5.5-acre site in 2012 in a distressed-property sale. Xpera CM officials said this is the development group’s first foray into building a new project from the ground-up, after previously buying already-developed multifamily complexes in markets including San Diego, Phoenix and Seattle.
In addition to San Diego-based Xpera CM, the project team includes general contractor R&R Construction of San Marcos, and design firm Rodriguez Associates Architects & Planners Inc. of San Diego.
Construction on Creekside Pointe is expected to be completed in spring 2017.