Business & Finance

Millenia Announces Groundbreaking of Millenia Commons Lifestyle Center by Sudberry Properties and 135-Room Hotel by Ayres Hotels

CHULA VISTA, CA. August 17, 2017 - Sudberry Properties and Ayres Hotels broke ground today on Millenia Commons, a 131,800-square-foot lifestyle destination center and a 135-guestroom boutique hotel, respectively. Both projects are located along Millenia Avenue, south of Birch Road at the gateway to Millenia. They will have excellent visibility from SR-125.

Millenia Commons is the primary retail component of the 210-acre Millenia master-planned community, which is designed to be the urban epicenter of South San Diego County. The 12.5-acre lifestyle center is scheduled to open in the fourth quarter of 2018.

Preleasing efforts by Flocke & Avoyer have resulted in leases with HomeGoods, Cost Plus World Market, Ross Dress for Less, buybuy Baby, Mattress Firm, Hurricane Grill & Wings, Papagayos Grill & Cantina, Menchie’s Frozen Yogurt, Great Clips, Jamba Juice, McDonald’s and Pacific Dental Services.

Sudberry Properties’ development team includes Andrew Hull Stevenson Architects, and GroundLevel Landscape Architecture. Hazard Construction is doing the initial grading and infrastructure work for Millenia Commons. Sudberry Properties is in the process of selecting additional contractors.

Millenia Commons, which will extend on both sides of Millenia Avenue on two separate parcels, will feature contemporary urban design with an emphasis on walkability and outdoor gathering spaces to create a strong sense of place. The center will have a contemporary character, reflecting the modern urban style of the overall Millenia master plan.

“We’re excited to become a part of Millenia – and obviously so are a large contingent of nationally recognized tenants,” said Colton Sudberry, president of Sudberry Properties. “We’ve enjoyed a great response from best-in-class retailers and restaurants that share our enthusiasm for this future urban hub,” he said.

The Ayres Hotel, which is scheduled to open in approximately one year, is Ayres Hotels’ second hotel in San Diego County and 22nd hotel in Southern and Central California.

Amenities include urban edge design and décor coupled with the genuine comforts and personalized service all guests of the Ayres Hotels collection expect, full bars in the lobby and the outdoor courtyard, state-of-the-art fitness center, three conference rooms and a boardroom. In keeping with the hotel’s location, just 2.5 miles from the Chula Vista Elite Athlete Training Center (formerly the Olympic Training Center), the lobby will feature a projection celebrating unforgettable Olympic moments.

“Ayres Hotels is excited to become a part of the dynamic Millenia master plan,” said Bruce D’Eliscu, principal, Ayres Hotels of Southern California. “Ayres Hotels’ fresh urban perspective is a perfect complement to Millenia’s future as the strategic hub of the Cali Baja Bi-National Mega-Region. We are poised to take full advantage of future business growth and the strong South County economy,” he said.

The Ayres Hotel development team includes architectural design by ACS Architectural Services and landscape architecture by Village Green, both of Newport Beach. The general contractor is Ayres Group.

Guy Asaro, president of Meridian Development, which is managing development of Millenia for the property owner Stratford Land, said, “Sudberry Properties and Ayres Hotels are Southern California pioneers in creating best-in-class retail and hotel environments. We are honored that they concur with our vision of a vibrant South County urban hub.

“They are joining other industry leaders, such as Chesnut Properties, Trammell Crow Residential, Fairfield Residential, Shea Homes San Diego, and Meridian Communities, who are turning the Millenia vision into reality,” he said.

Designated a Smart Growth Urban Center by the San Diego Association of Governments (SANDAG), Millenia is planned for 3,000 multifamily residences, 2 million square feet of Class A office space, 1.5 million square feet of retail, hospitality, civic and mixed-use projects and six urban parks, woven together with a system of tree-lined promenades, bikeways, and plazas. For information, visit MilleniaSD.com

About Sudberry Properties

San Diego-based Sudberry Properties specializes in urban retail, community, and town center developments with an emphasis on mixed-use projects and master-planned communities. Since its inception in 1979, Sudberry Properties has developed approximately 10 million square feet of retail, office, apartments, and industrial projects with a market value exceeding $1.5 billion. Projects include Village Walk at EastLake, Carmel Mountain Ranch Town Center, Fenton Marketplace, Rio Vista Shopping Center, and Cornerstone Business Center. Additionally, the company is developing the $2 billion in-fill Civita community, a walkable village in San Diego’s Mission Valley on the site of a former quarry. http://www.sudprop.com

About Ayres Hotels

In the hotel business since 1984, Ayres Hotels are a family owned and operated collection of handcrafted boutique hotels in premier California locations dedicated to excellence in hospitality and providing an unparalleled product. The collection is built on a foundation of inviting, personalized service while being a supportive organization that reflects a culture of caring for its guests and team members. The Ayres family has been a leader in the California residential and commercial real estate industry for more than a century. Visit the company online at http://www.ayreshotels.com/ or call 714-540-6060 ext. 152.

Barbara Metz

Coming Up In The December Online Hotel Business Review

Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.