RCLCO Real Estate Consulting has unveiled its Venue-Anchored Development Tracker, a proprietary platform that enables users to track existing, under construction and planned venue-anchored development around every major league stadium in the U.S. and Canada.
RCLCO defines a “venue-anchored development” as a location that serves as the focal point around which real estate is organized. According to the company, the Venue Anchored Development Tracker includes detailed information regarding every stadium’s ownership, announced future plans, and the surrounding associated real estate development. The tracker is counting 43 venue-anchored real estate development projects (MLB, NFL, NBA, NHL, MLS) on the ground today, along with seven that are under construction and 34 that are either planned or under consideration.
Major League Baseball leads major sports leagues in total real estate developments, with 16 ballparks (53% of venues) having a related development. RCLCO plans to expand the tracker to include other leagues and venues throughout the year and on an ongoing basis.
“We are seeing a burst in development interest around sports venues and stadiums, as teams and owners seek to diversify and control future revenue streams, as well as enhance the fan experience and deliver local community benefits,” said Erin Talkington, managing director of RCLCO. “There is no one formula for a successful development. While the most well-known projects are held up as places to replicate, the unique local-market responsive elements of places like Titletown are what will differentiate future venue-anchored developments.”
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