The Port of San Diego and the City of Chula Vista have approved key agreements to advance a $1 billion makeover of the Chula Vista Bayfront. The 535-acre Bayfront project includes a resort hotel and a convention center for the Chula Vista Bayfront.
The approval of the disposition and development agreement sets forth the necessary steps for the parties to authorize the financing of the project and commence construction, ultimately leading to a ground lease and required subleases for development and operations of a hotel and convention center. Additionally, the board and city council approved a revenue sharing agreement between the two agencies.
The Chula Vista Bayfront resort hotel and convention center will be constructed west of Marina Parkway between H and G streets. It will include approximately 1,600 hotel rooms, 275,000 usable sq. ft. of convention and meeting space and associated retail and resort-level amenities such as restaurant/bar/lounge facilities, recreational facilities, a spa, a pool with a lazy river, bike and boat rentals and more.
Public infrastructure improvements will begin first and could get underway as soon as 2019, which includes preliminary site preparation, building access roads and new public streets, providing utility services and building the new Harbor Park.
The project is expected to generate around $1.3 billion and create more than 2,300 jobs during the construction period.