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    Project Status
    Under Construction
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    USCIS I-956F
    Approved
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    EB-5 Project Category
    URBAN-Regional Center EB-5 Project
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    Project Developer
    HomeFed Corporation (A wholly owned subsidiary of Jefferies Financial Group)
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    Regional Center
    DISCOVERY CALIFORNIA, LLC

A Large Scale Residential Development
located in Chula Vista.

Côta Vera 3 is a large-scale residential development within the established Côta Vera master-planned community in Otay Ranch, Chula Vista, California.
The project is planned to include 805 residential units, comprising 684 multifamily rental apartments and 121 single-family homes for sale, together with integrated retail components.
The development consists of multiple residential communities, including Cameo, Serenity, Harmony, and Rivano, creating a diverse mix of housing within the broader Côta Vera community.

COTA VERA 3 Project

PROJECT LOCATION & CONNECTIVITY

Côta Vera 3 is part of the broader Côta Vera master-planned community in Otay Ranch, Chula Vista, a growing area of Southern California.

The development benefits from its integration into an established master-planned environment, with residential, retail, recreational, and community-oriented components planned throughout the broader Côta Vera development.

The project includes the development of four communities Cameo, Harmony, Serenity, and Rivano—with a total of 805 residential units consisting of 684 multifamily rental apartments and 121 for-sale homes, together with supporting commercial components.

The Harmony and Serenity communities are officially under construction.

EB5LA team members consulted for this project:

Trevor Anderson

Project Overview

Project Details

CÔTA VERA 3 – PROJECT SUMMARY

  • Project Name: Cota Vera 3(Otay Village 8 III – Phase 4)
  • Project Developer: HomeFed LLC (subsidiary of Jefferies Financial Group,NYSE: JEF)
  • Project Location: Chula Vista, San Diego County, California
  • Project Type: Master-Planned Residential Community Development
  • Total Development Cost: Approximately $417.1 million
  • EB-5 Capital: Up to $103.2 million
  • Total Investors: Up to 129 Investors
  • Investment Type: Senior Loan
  • Job Creation: Estimated 1,937 EB-5 Eligible Jobs(~15 jobs per investor;~100 jobs created to date)
  • TEA Status: High Unemployment Area (HUA)
  • Loan Term: 3+1 years

Construction is moving forward, with both the Harmony and Serenity developments currently under construction.

The Residences Amenities

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    Pedestrian Streets
    Safe, walkable areas encouraging a connected, community-focused lifestyle.
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    Elementary School
    On-site educational facility providing convenience for families.
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    Central Square Park
    A vibrant gathering place for residents and families to relax and connect.
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    Swimming Pool
    A resort-style pool designed for recreation and leisure.
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    Sports Center
    Indoor and outdoor facilities promoting active, healthy living.

This investment is being offering pursuant to an exemption from registration under Regulation D of the Securities Act of 1933, specifically Section 506(c). As such, only investors who are verified as being “accredited investors” (pursuant to verification proceeds promulgated by Reliant) will be able to invest in this opportunity (and only upon receipt, review and execution of the definitive offering documents)