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July 24, 2014

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Cordish projects include sports-anchored developments

Company has developed six mix-use developments adjacent to sports facilities

Beyond the Sun

The Baltimore-based Cordish Co. boasts that it's "one of the largest and most respected developers in the world."

It lists a extensive portfolio of projects and proposed developments, including Hard Rocks in Tampa and Hollywood, Fla., and a casino in Shelbyville, Ind.

But the key for its arena project in downtown Las Vegas would seem to be its sports-anchored developments. The company hasn’t built any arenas, but its Web site lists six mixed-use projects adjacent to sports facilities:

Kansas City, Mo.Kansas City Power and Light District has transformed eight blocks next to the Sprint Center into shops, bars, restaurants and entertainment venues. The $850 million complex opened this year.

St. LouisBallpark Village is a $650 million development of restaurants, clubs, shops and highrises, next to the new Busch Stadium. Cordish and the Cardinals were supposed to break ground on the project this year, but it's stalled because of the economy.

PhiladelphiaPhilly Live is a $100 million retail, restaurant and entertainment complex located next to the Wachovia Center and Lincoln Financial Field and Citizens Bank Ballpark. It is supposed to rise from the ashes of the Spectrum, which Pearl Jam closed down with a concert on Halloween. The old arena is scheduled to be torn down early next year and Philly Live’s opening is planned for 2011.

San Francisco — Mission Rock District is a $1 billion joint proposal with the Giants to transform 16 acres of parking lot and piers across McCovey Cove from PacBell Park.

Daytona, Fla. — Daytona Live is a 71-acre, $437 million entertainment, shopping and office complex across from the Daytona International Speedway. Cordish and the speedway broke ground last year. The speedway’s new offices reportedly are near completion but the rest of the projects has been slowed by the bad economy.

Toronto — Woodbine Live is a proposed $1 billion entertainment complex next to the Woodbine Racetrack and Casino with a planned opening in 2011. Other stages of the development include a mall, offices and 3,000 residences.

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