A series of new and ongoing sports-related real estate projects are reshaping South Florida’s landscape, with investments targeting a range of professional and amateur athletic facilities.
An 80-year ground lease was recently finalized in Homestead for the Sports Performance Hub of Miami-Dade. The $275 million mixed-use project will feature a 10,000-seat multipurpose stadium, hotel, sports academy, and public park with pickleball, tennis, and basketball courts. The initiative is led by a Latin American consortium that includes former athletes such as NBA Hall of Famer Manu Ginobili. Once completed in 2030, the stadium will serve as the home venue for soccer team Miami FC. According to The Real Deal, “Soccer team Miami FC would play its home games in the planned stadium, which is expected to be completed in 2030.”
The city of Miami has approved more than $2 million in upgrades for three local baseball facilities. Most of this funding will restore Roberto Clemente Park in Wynwood. Additional funds are allocated to repair a mural at Dorsey Park in Overtown that was defaced with racist and antisemitic graffiti and to support the development of a new baseball park under construction near loanDepot Park in Little Havana.
Billionaire Jorge Mas, David Beckham, and Ares Management have secured a $450 million loan from JPMorgan Chase Bank for the development of Miami’s $1 billion Freedom Park soccer stadium. The large-scale mixed-use project will include a new 25,000-seat stadium for Inter Miami CF, along with a 750-room hotel, office space aimed at tech companies, and significant retail and restaurant offerings when fully built.
Ultra Club Midtown is set to become the largest padel club in the United States when it opens in Miami this December. The two-acre facility will offer 14 padel courts—11 outdoor courts and three children’s courts—as well as food options and community programming through a partnership between Ultra Padel, Rosso Development, and Midtown Development.
In Fort Lauderdale, The Fort—a new pickleball facility next to Snyder Park—was constructed at a cost of $30 million. This ten-acre venue features 43 courts (including 14 covered), what is described as the world’s first dedicated pickleball stadium, dining facilities by the lake, recovery center amenities, locker rooms, additional padel courts, spaces for bocce and cornhole, beach volleyball areas, and concert accommodations.
This information was compiled by the Master Brokers Forum.
