The $1 billion Chula Vista Bayfront project is actually two separate developments happening together, with a total cost exceeding $1 billion.
Here’s a breakdown:
- Gaylord Pacific Resort and Convention Center: This is a $1.2 billion project with a 1,600-room hotel, convention center, and public spaces like parks and a promenade. Construction began in 2022 and is expected to be completed in summer 2025 [San Diego Magazine].
- Amara Bay Project: This is a $1 billion+ project with 1,500 residential condos, retail space, and office space. It’s still in the design phase, but initial infrastructure work has begun [San Diego Business Journal].
So, while there isn’t a single project with a price tag of exactly $1 billion, the combined development of the Chula Vista Bayfront is indeed a multi-billion dollar endeavor.