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Construction Starting on Retail Center, Hotel at Millenia in Chula Vista

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Ayres Hotel at Millenia – Rendering courtesy of Ayres Hotels Developers have slated an Aug. 15 ground-breaking for the Millenia Commons retail center and a 135- room Ayres Hotel , being built at the Millenia mixed -use development in Chula Vista. Both elements are among several projects now underway or planned by several developers, totaling several billion dollars, in the 210-acre community near state Route 125 and Birch Road. The project is being overseen by San Diego- based Meridian Development , on behalf of property owner Stratford Land of Dallas. Work is progressing on more than 1,000 homes and apartments and an upcoming 500, 000 square feet of office space, along with retail, hotel and civic amenities. San Diego- based developer Sudberry Properties previously announced several signed retail tenants for the $44.5 million, 131,800-square- foot Millenia Commons lifestyle center , slated to open in summer 2018. The roster includes HomeGoods , Cost Plus World Ma...

VanDerGinst Law building to be converted to apartments | Local

ROCK ISLAND — The historic VanDerGinst Law building , once home to a Montgomery Ward retail store , soon will be turned into 33 apartments and an 11- room boutique hotel with first- floor commercial space . The six-story building, located at 1701-1705 2nd Ave., was built in 1908 and has an iconic mural of Chief Black Hawk on its exterior. City council members on Monday approved a development agreement with Saratoga Capital LLC that includes up to $2,485,000 in incentives. The incentive package includes tax -increment-finance funds and property tax rebates not to exceed $1 million or 20 years, whichever comes first. The city also will contribute up to $100,000 for restoration of the Black Hawk mural , up to $75,000 toward sidewalk and safety improvements and up to $100,000 toward renovation of the commercial portion of the property. Ald. Stephen Tollenaer, 4th Ward, opposed the deal, calling the incentive package a "bailout.” "I don't think it's a prudent t...