This is the developer’s second project within a local master-planned community.
Ryan Cos. and Strata Equity Group have opened VAYA on Axia, a 278-unit community in Chula Vista, Calif., within metro San Diego. The duo broke ground on the project two years ago, financing its construction with an $85.4 million loan issued by Banc of California.
The property encompasses one- to three-bedroom layouts ranging between 616 and 1,416 square feet. Common-area amenities include a resident clubhouse, gym, as well as a public coworking space and podcast studio.
VAYA on Axia rises at 1910 Axia Way within Millenia, a 210-acre urban hub by Meridian Development set to comprise 3,000 multifamily units, 2 million square feet of office space and 1.5 million square feet of retail space. The hub is part of the Otay Ranch master-planned community, approximately 20 miles southeast of downtown San Diego…