A series of new and ongoing sports-related real estate projects are underway in South Florida, reflecting significant investment in the region’s sporting infrastructure. The developments span from large stadiums to community facilities for a variety of athletic activities.
An 80-year ground lease was recently finalized in Homestead for a $275 million sports-themed mixed-use project. Known as the Sports Performance Hub of Miami-Dade, this complex will feature a 10,000-seat multipurpose stadium, hotel, sports academy, and public park with courts for pickleball, tennis, and basketball. The initiative is led by a Latin American consortium that includes former athletes such as NBA Hall of Famer Manu Ginobili. Soccer team Miami FC is expected to play its home games at the new venue when it opens in 2030. More details can be found at The Real Deal.
Three local baseball facilities are set to receive over $2 million in upgrades approved by the city of Miami. Most of the funding will restore Roberto Clemente Park in Wynwood. Additional subsidies will go toward restoring a mural at Dorsey Park in Overtown that was recently defaced with racist and antisemitic graffiti. Funds will also support construction of a new baseball park near loanDepot Park in Little Havana.
A $450 million loan has been secured by billionaire Jorge Mas, David Beckham, and Ares Management from JPMorgan Chase Bank for development of Miami’s $1 billion Freedom Park soccer stadium. This mixed-use project will include a new 25,000-seat home for Inter Miami futbol club, along with a 750-room hotel, office space aimed at tech companies, and retail and restaurant areas totaling over one million square feet when completed. More information is available at The Real Deal.
Ultra Club Midtown is set to become the country’s largest padel club when it opens in Miami this December. The two-acre facility—developed through partnerships between Ultra Padel, Rosso Development and Midtown Development—will have 14 total padel courts (11 outdoor), three children’s courts, food options and community programming.
In Fort Lauderdale, The Fort—a new 10-acre pickleball facility next to Snyder Park—was built at a cost of $30 million. It features 43 courts (including 14 covered), what is described as the world’s first dedicated pickleball stadium, plus amenities such as a lakeside restaurant and recovery center.
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