San Diego developer Sunroad Enterprises has begun construction on the fourth phase of Ariva, with 302 new apartments planned at its luxury development in Kearny Mesa.
Expected developments costs were not disclosed. Phase 4 will bring the development’s total to more than 800 units, with Phase 5 slated to break ground in early 2016.
Ariva, located at Lightwave Avenue and Spectrum Center Boulevard, is part of the Centrum master plan, with residential, commercial and green-space elements spanning four city blocks.
Monthly rents in the Phase 4 units are expected to range from $1,700 to $2,500. The upcoming phases will include an elevated spa and pool, multi-storied fitness facilities, rooftop lounges, a business center, and semi-private social areas with sand fire pits and wood decks.
The project’s designer is KTGY Architects, with interior design by Catalina Design Group. Wermers Construction is the general contractor.
Founded in 1977, Sunroad Enterprises is a diversified holding company with two separate divisions focused on real estate and auto sales. The company has built more than 1.5 million square feet of office, resort, residential, retail and related commercial projects.
Additional stories from the San Diego Business Journal are available here. Sign up for their free daily email newsletter.
