Côta Vera 1

Côta Vera 1 is a nearly completed EB-5 master-planned community located in Chula Vista, California, within the larger Otay Ranch area in San Diego County. Developed by HomeFed, the project represents the first major phase of the Côta Vera community and combines for-sale housing, rental apartments, affordable residences, retail uses, parks, and lifestyle amenities.

HomeFed raised $171 million from 268 EB-5 investors for Côta Vera 1, making it one of the company’s major EB-5-funded residential developments following The Village of Escaya. Public project updates also confirm that Côta Vera is part of Otay Ranch, one of the largest master-planned communities in the United States.

The project includes more than 1,000 for-sale homes, along with 285 market-rate apartments and 268 affordable apartments. Additional community features include a swim club, neighborhood parks, commercial space, a fuel station, and a luxury fitness component. Together, these elements create a walkable residential environment designed to support daily convenience, recreation, and long-term neighborhood growth.

From an EB-5 perspective, Côta Vera 1 is notable for its repayment progress. HomeFed began repaying eligible EB-5 investors in July 2024 and has repaid 100% of eligible investors connected to this phase, according to the project information provided. This positions Côta Vera 1 as a strong example of an EB-5 residential development with both substantial project delivery and meaningful investor repayment activity.

The broader Côta Vera community is planned as a mixed-use village with homes, apartments, community gathering areas, parks, trails, retail, and a town-center environment. Public HomeFed materials describe Côta Vera as a walkable mixed-use community in Otay Ranch, with long-term plans for thousands of homes and apartments, as well as commercial town center space.

Key project elements include

Project Type: Master-planned residential and mixed-use community

Location: Chula Vista, California

Developer: HomeFed

EB-5 Capital Raised: $171 million

EB-5 Investors: 268 investors

Residential Component: More than 1,000 for-sale homes

Rental Component: 285 market-rate apartments

Affordable Housing Component: 268 affordable apartments

Community Amenities: Swim club, parks, fitness, and recreation spaces

Commercial Component: Retail and service space, including a fuel station

Project Status: Nearly completed

EB-5 Repayment Status: 100% of eligible investors repaid, with repayments beginning in July 2024

Côta Vera 1 stands as a nearly completed EB-5 master-planned community that combines residential growth, affordable housing, neighborhood amenities, and commercial services within one of Chula Vista’s expanding mixed-use districts.