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Mixed-Use Entertainment Development Intel Report

Last Updated: February 2, 2026
Coverage: Last 90 days (Nov 2025 – Feb 2026) + key mid-2025 announcements
Sources: Bisnow, REBusinessOnline, Sports Business Journal, BizJournals, Blooloop, GlobeSt, Connect CRE, PR Newswire, general news

🔴 HIGHEST PRIORITY — Actively Raising Capital / Seeking Partners

These projects are confirmed to be in fundraising, seeking JV partners, or have open RFPs.

Project Location Developer Est. Cost/Size Stage Key Details Capital/Partner Status Key People Source
Forge Atlanta Atlanta, GA Webstar Technology Group / Urbantec Development Partners $3.7B total ($756M Phase 1) / 8.4M SF on 10 acres Site acquired Dec 2025; lining up financing for 2026 groundbreaking Phase 1: 300-room hotel, 600 luxury condos, 60,500 SF retail + entertainment, sports entertainment complex; Full build: 2,300 residences, 600K SF office, 200K SF data center ACTIVELY RAISING CAPITAL — $33.7M seller financing secured; pursuing $223.7M inducement from Dev Authority of Fulton County, institutional loans/equity, bond issuance, digital asset tokenization, condo presales, and forthcoming stock offering. Penny stock company (WEBSTAR) — high risk profile. Ricardo Haynes (CEO, Webstar) Bisnow
Ole Miss Vaught-Hemingway District Oxford, MS RFP OPEN — seeking developer partner TBD / 25 acres RFP issued Dec 10, 2025 Mixed-use condotel (30+ condos), 35K+ SF retail/dining, entertainment district, stadium modernization (premium seating, student section), half-acre plaza; P3 (public-private partnership) structure OPEN RFP — University seeking developer to design, build, finance, operate and maintain. Responses being collected. Brailsford & Dunlavey advising. Keith Carter (AD, Ole Miss) SBJ
VENU Holding Corp (Multiple Sites) TX, FL, and other U.S. markets VENU Holding Corp (NYSE: VENU) $1.1B+ under construction; $5B+ pipeline Active construction on multiple amphitheaters Five new amphitheaters including 20K-seat Texas venue (Live Nation operated); Aramark F&B partnerships at five venues; Filed $1B S-3 shelf (Dec 2025) for securities issuances ACTIVELY RAISING PUBLIC CAPITAL — Raised $34.5M+ in 2025; $1B shelf registration filed Dec 2025 for working capital, venue development, acquisitions, debt repayment. Publicly traded (VENU). Low-leverage structure. — StockTitan
Ovation Orlando Orlando (Osceola County), FL Accesso Partners / Meyers Group (JV) $1B+ / 670K SF on 76 acres Site acquired Jan 2026 ($73.3M); groundbreaking Q1 2026 Master-planned entertainment district near Disney — 5 themed districts; retail, dining, musical restaurants, live music, 740 hotel rooms/condos; opening target 2027 Likely seeking capital partners — $1B project with only $73M land purchase closed. JV structure between Accesso and Meyers Group. Full capital stack not disclosed — significant equity gap. — ConnectCRE

🟡 HIGH VALUE — Major Projects Recently Announced (Last 90 Days)

Project Location Developer Est. Cost/Size Stage Key Details Capital/Funding Status Key People Source
Water Street Tampa Entertainment District Tampa, FL Strategic Property Partners (SPP) / Vinik Sports Group (VSG) Part of $3B+ Water Street Tampa / 4 acres Announced Dec 2025; planning phase 3,500-seat live music venue for mid-tier artists, 250-room hotel, 100K SF retail/dining/entertainment, structured parking; across from Benchmark International Arena Privately financed — SPP/VSG partnership. Jeff Vinik's portfolio. Arctos Partners, Doug Ostrover, Marc Lipschultz are VSG minority investors. Jeff Vinik (VSG founder); Arctos Partners (minority) REBusiness
KC Chiefs Stadium & Entertainment District Wyandotte County, KS (near Legends) Kansas City Chiefs / State of Kansas $3.3B total ($3B stadium + $300M HQ); $700M-$1B entertainment district Agreement announced Dec 2025; STAR bond package 65K-seat domed stadium (opens 2031 season), new HQ/training facility (Olathe), shopping/dining/hotel/entertainment districts in both locations Public-private partnership — State STAR bonds funding up to 60% of costs; team covers 40%. $500M+ in public financing. Major public subsidy structure. Clark Hunt (Chairman, Chiefs); Gov. Laura Kelly KS Commerce
MidCity Arts + Innovation Subdistrict Huntsville, AL RCP Companies $300M / 12 acres (within $2.2B MidCity District) Announced Dec 2025; planning phase 3,000-seat indoor music venue, 200-room music-branded hotel, boutique hotel, Innovation Tech Campus, 60K SF retail/entertainment, relocated outdoor venue (The Camp) Public-private partnership — Part of larger $2.2B MidCity District (one of SE's largest mall conversions). Specific capital stack not disclosed. — Axios Huntsville
Current Landing Kansas City, MO Palmer Square Real Estate Mgmt / Angie & Chris Long (KC Current owners) $1B / 23 acres Under construction; Phase 1 opening Spring 2026 Waterfront mixed-use district anchored by CPKC Stadium; restaurants, 2-acre town square, hundreds of apartments (River's Edge, Confluence buildings), retail, entertainment; timed for 2026 FIFA World Cup Funded and under construction — First apartment pre-leasing Jan 2026. Construction moving rapidly. Angie Long, Chris Long (KC Current co-owners) SBJ
Sphere at National Harbor National Harbor, MD (DC metro) Sphere Entertainment Co. (NYSE: SPHR) / Peterson Companies TBD (est. multi-hundred million) / 6,000 seats Intent announced Jan 18, 2026 Second U.S. Sphere; first smaller-scale design model; immersive entertainment venue at National Harbor destination $200M in state/local/private incentives announced. Sphere is public company (SPHR). Peterson Companies is established local developer/owner of National Harbor. Additional capital structure TBD. James Dolan (Sphere Entertainment); Jon Peterson (CEO, Peterson Companies); Gov. Wes Moore Sphere Entertainment
Metropolitan Park Queens, NY (Citi Field area) Steve Cohen / Hard Rock International $8.1B / 50 acres Casino license approved Dec 15, 2025 Hard Rock Hotel & Casino, 5,650-seat music venue, sportsbook, 1,000-room hotel, "Taste of Queens" food hall, 5,000 slot machines, 375 table games, 25 acres of parkland; 7 subway station renovation $500M upfront license fee paid to state. $850M estimated annual tax revenue. Cohen self-funding (hedge fund billionaire). Fully private capital. Steve Cohen (Mets owner); Hard Rock International SBJ
Indianapolis Boxcar/Gainbridge District Indianapolis, IN Boxcar Development LLC (Herb Simon / Simon family) $350M Groundbreaking Jan 7, 2026 13-story Ritz-Carlton hotel (176 rooms), 4,000-seat Live Nation music venue, pedestrian bridge to Gainbridge Fieldhouse, underground parking; acquiring additional surrounding properties $40M+ in TIF/city incentives under consideration. Simon family self-funding bulk. $300M+ private investment. 300+ FTE jobs. Herb Simon (Pacers owner); Rick Fuson (CEO, PSE) Live Nation

🟢 SIGNIFICANT PROJECTS — Under Development / Advancing

Project Location Developer Est. Cost/Size Stage Key Details Capital/Funding Status Key People Source
Rams Village at Warner Center Woodland Hills (LA), CA Kroenke Organization $10B / 52 acres (100 acres total holdings) Plans announced Apr 2025; filing with city imminent; shovels by early 2027 Rams HQ + training facility, two entertainment venues (5,000 + 2,500 capacity), residential, retail, hotel, offices, parks; decade-long phased build Privately funded by Stan Kroenke (billionaire). No public subsidy disclosed. Gensler is master architect. Stan Kroenke (Rams owner); LA Councilmember Bob Blumenfield Commercial Observer
Centennial Yards Atlanta, GA CIM Group / Centennial Yards Company $5B+ / 50 acres Under construction; first openings targeting 2026 FIFA World Cup 5,300-seat Live Nation concert venue, Cosm venue, retail, hotel, residential; near Mercedes-Benz Stadium & State Farm Arena. "Epicenter of sports and entertainment for the SE U.S." CIM Group (major institutional investor) leading. Live Nation signed long-term lease. Major institutional capital already deployed. Brian McGowan (President, CY Company) BusinessWire
Raleigh Sports & Entertainment District Raleigh, NC Pacific Elm Properties / Gale Force Sports & Entertainment $1B / 80 acres Phase 1 kicked off Dec 2025 Phase 1: 200K SF entertainment/lifestyle retail, 150K SF office, 150-key hotel, 500+ apartments, 4,300-seat Live Nation venue, 600-ft tailgating promenade; 15-year timeline Private development with Centennial Authority partnership (arena lease extension). Rezoning filed. Brian Fork (CEO, Hurricanes Holdings); Philip Isley (Chairman, Centennial Authority) NHL.com
Salt Lake City Entertainment District Salt Lake City, UT Smith Entertainment Group (SEG) / Live Nation $1.4B (est.) Active planning; 6,000-seat music venue announced Aug 2025 Delta Center remodel ($525M) + district development ($375M from tax revenue); new 6,000-capacity indoor music venue (200 events/year); master architects selected Sep 2025 $900M from Capital City Revitalization Zone tax revenue (public). $500M gap being addressed. SEG private investment. Live Nation as venue partner. Ryan Smith (SEG); Live Nation KSL TV
Staybolt Street Entertainment District Mansfield, TX City of Mansfield / House of Tangram / REV Entertainment $2.5B / 100 acres Multiple phases; some elements opening late 2025 Multi-sport professional stadium (REV Entertainment/FC Dallas affiliate), 30-acre sports park, 45K SF High 5 Mansfield FEC, 288-room Carbon Mansfield hotel, 33K SF convention center, retail, dining, housing Public-private partnership — House of Tangram acquired 30 acres (Jul 2025). AI-powered hotel concept. Multiple private developers within master plan. — Mansfield Gov
The Development at Cadillac Square Detroit, MI Bedrock LLC (Dan Gilbert) Multi-hundred million (specific total TBD) Groundbreaking Apr 2025; Cosm opening Fall 2026 Cosm live sports video dome, retail, residential, entertainment; adjacent to Campus Martius Park. Phase 2 scheduled Oct 2026. Bedrock (Gilbert's RE arm) is primary capital source. $14M in public Revitalization & Placemaking Grants for surrounding areas. Jared Fleisher (CEO, Bedrock); Kofi Bonner (former CEO, Bedrock) Crain's Detroit
The Gallery Madison, MS Bellamare Development $60M / 70 acres Approved & under construction (started Jun 2025) Anchored by Spinners (120K SF indoor/outdoor FEC — bowling, skating, arcade); "Royal Street" New Orleans-style dining area; boutique retail, office space 100% privately funded — no public tax dollars. Mississippi-based developer. WBA Architecture and MP Design Group. Mayor Mary Hawkins (Madison) Clarion Ledger
Village at Gateway / Evo Entertainment Forney, TX Forney Legacy Holdings LLC / Evo Entertainment Part of 120-acre mixed-use (82K SF Evo venue) Under construction (broke ground Dec 2025; opening Fall 2026) Largest Evo in Texas — cinema, bowling, gaming, F&B; within larger development with Target, H-E-B, Home Depot anchors $4M city incentive agreement. Privately developed. — ConnectCRE

📊 MARKET CONTEXT

Live Nation $1B Venue Investment Program

  • Announced mid-2025: $1B to build 18 new/revitalized live music venues across the U.S.
  • Many venues co-located with sports stadiums/arenas as part of mixed-use developments
  • 2025 capex: $900M–$1B
  • Significance: Live Nation is the anchor tenant for multiple projects on this list (Raleigh, SLC, Indianapolis, Centennial Yards). Their venue investment creates partnership opportunities.

Rockingham Grand Casino (New Hampshire)

  • Developer: Churchill Downs Inc. (CDI)
  • Cost: $180–200M
  • Details: 160K SF casino, 900-seat live entertainment venue, F&B; expanding from 19K SF existing facility to full casino in state's largest mall
  • Status: Planning board approved Dec 2025; announced Jan 2026
  • Capital: CDI is publicly traded (CHDN). Internal financing.

Portland Foreside

  • Location: Portland, ME
  • Developer: Foreside Development Company / JV partners
  • Cost: $600–700M next phase
  • Details: 10-acre waterfront mixed-use: 400 residential units, 128-room luxury hotel, 50K SF retail/entertainment, marina
  • Status: Planning board approved; under development
  • Capital: Not disclosed publicly. Multiple phases.

🎯 CAPITAL OPPORTUNITY SCORING

Tier 1 — ACTIVE CAPITAL NEEDS (Outreach Targets)

  1. Forge Atlanta — Webstar is a penny stock company actively seeking institutional loans, equity, and bond issuance for a $756M Phase 1. High risk but massive upside. Pursuing unconventional capital (tokenization, stock offering).
  2. Ole Miss Vaught-Hemingway — Open RFP seeking a full development partner. True ground-floor opportunity for a developer/investor team.
  3. VENU Holdings — Publicly traded, $1B shelf registration filed, actively raising capital for amphitheater development pipeline. Public market opportunity.
  4. Ovation Orlando — $1B project with $73M land acquired. JV between Accesso and Meyers Group. Likely significant equity gap for the remaining $900M+ build-out. Groundbreaking Q1 2026.

Tier 2 — POSSIBLE CAPITAL/PARTNER NEEDS (Worth Monitoring)

  1. MidCity Huntsville — $300M expansion within $2.2B district; P3 structure suggests capital partner opportunities.
  2. Salt Lake City District — $500M funding gap identified beyond $900M in public tax revenue. SEG may need partners for district elements.
  3. Raleigh Sports & Entertainment District — $1B, 15-year development. Phased approach suggests ongoing capital needs across phases.
  4. Sphere National Harbor — Early-stage intent; full capital structure not yet disclosed beyond $200M in incentives.

Tier 3 — WELL-CAPITALIZED (Monitor for Vendor/Service Opportunities)

  1. Metropolitan Park NYC — $8.1B, Cohen self-funded
  2. Rams Village — $10B, Kroenke self-funded
  3. Centennial Yards — $5B+, CIM Group institutional capital
  4. Water Street Tampa — $3B+, Vinik/SPP well-capitalized
  5. Current Landing KC — $1B, under construction, funded
  6. KC Chiefs Stadium — $3.3B, STAR bonds + team equity

🆕 NEW FINDS — February 2, 2026 Scan

🔴 HIGH PRIORITY — Capital/Partner Opportunities

Project Location Developer Est. Cost/Size Stage Key Details Capital/Partner Status Key People Source
Project Marvel (Spurs Arena & Entertainment District) San Antonio, TX (Hemisfair area) San Antonio Spurs / City of San Antonio $1.3B+ ($500M arena + $500M private development + $60M community) / 60+ acres Land acquisition phase; $30M federal building purchase approved Jan 15, 2026; developer selection upcoming New NBA arena (60-month build timeline), expanded convention center, mixed-use (apartments, restaurants, shops, offices, hotels), new Missions baseball stadium also in district ACTIVELY STRUCTURING FINANCING — Spurs pledged $1B+; city pursuing bond funding for infrastructure; convention center hotel on pause pending utility relocation study. Developer to design arena + surrounding district not yet selected. Complex multi-party P3 structure with significant remaining capital needs. Mayor Gina Ortiz Jones; Ben Gorzell (City CFO); Spurs ownership SA Report / BizJournals
FC Cincinnati Entertainment District Cincinnati, OH (West End) FC Cincinnati / TBD entertainment venue operator $332M / two 13-story towers Final planning approval Nov 2025; $26M Ohio tax credit secured; groundbreaking Spring 2026 Tower 1: 167 apartments, office, 5 retail tenant spaces. Tower 2: 182-room boutique hotel (Davidson Hospitality operating), condos, 1,100-1,200 capacity underground entertainment venue (200-250 events/yr). Near TQL Stadium. 2,102 construction + 1,699 permanent jobs. SEEKING VENUE OPERATOR — Entertainment venue will be partner-operated (not FCC). Hotel has operator (Davidson Hospitality) but no brand yet. $26M state tax credit suggests additional financing in play. Possible equity/debt gaps for $332M total. Chad Munitz (CRO, FC Cincinnati); Davidson Hospitality Group WCPO / BizJournals
Six Flags Over Georgia Entertainment District Mableton, GA (adjacent to Six Flags) Six Flags Entertainment / City of Mableton TBD Very early-stage discussions (Jan 2026) Entertainment district adjacent to 290-acre Six Flags Over Georgia park. New businesses, restaurants. Mableton considering Tax Allocation Districts (TADs) to finance infrastructure. Six Flags parent posted $1.2B loss — motivation to monetize adjacent land. VERY EARLY STAGE — PARTNER/DEVELOPER OPPORTUNITY — TAD being explored for financing. Six Flags needs capital partners given parent company losses. Ground-floor opportunity for a developer willing to co-invest. Mableton Mayor; Artie Jones (Economic Dev Director, Mableton) BizJournals Atlanta

🟡 SIGNIFICANT — Recently Announced / Advancing

Project Location Developer Est. Cost/Size Stage Key Details Capital/Funding Status Key People Source
Chicago Bears Arlington Heights District Arlington Heights, IL Chicago Bears / McCaskey family $5B ($2B stadium + $3B mixed-use district) / 326 acres Legislative push; renderings released Oct 2025; seeking state infrastructure support 100K-seat domed stadium, retail, restaurants, housing, hotel, tailgating plazas. 56,000 construction jobs. $10.9B one-time economic impact. $1.3B annual economic activity. Seeking state legislation for infrastructure funding. Team claims 100% private funding for stadium ($2B) but needs public investment for roads, utilities, transit. $3B mixed-use district likely needs development partners. Massive multi-year opportunity. Bears ownership (McCaskey family); Arlington Heights Mayor Tom Hayes; IL Legislature NBC Chicago
Miami Freedom Park Entertainment District Miami, FL (131 acres) Inter Miami CF ownership (Mas brothers, Beckham) $1B+ (est.) / 131 acres, 1M+ SF retail/entertainment/office + 750 hotel rooms Phase 1 tenants announced Dec 2025; opening 2026 alongside stadium 25,000-seat stadium, 58-acre public park, 500K SF Phase 1 retail/entertainment. First 125K SF leased: Fever (30K SF immersive experiences), PopStroke (75K SF Tiger Woods golf entertainment), Toroverde (24K SF adventure park). 750 hotel rooms across full build. Likely well-capitalized (Mas brothers, Beckham). But 1M+ SF total retail/entertainment build-out across phases = potential JV/tenant/anchor investment opportunities. Phase 2 and 3 not yet announced. Devon McCorkle (President, MFP); Jorge Mas; David Beckham Inter Miami
Four Mile District Glendale, CO (Denver metro) Central Street Capital (Rob Salazar family office) $150M / 10 acres Phase 1 construction underway (infrastructure); Alamo Drafthouse opening late 2026/early 2027 Walkable entertainment district: Alamo Drafthouse (40K SF, 9 screens), outdoor plazas, creekside promenade, beer garden, event stage/lawn. Open consumption district (Vegas-style). Future phases: hotels, additional retail, late-night dining. Family office funded (Central Street Capital / healthcare entrepreneur Rob Salazar). Phase 1 in progress. Future phases may need capital partners for hotel and expanded retail components. Rob Salazar (Central Street Capital) Naked Denver
NE Revolution Stadium District Everett, MA (Mystic River) Kraft Group $500M+ (stadium) / 25,000 seats $138M deals with Boston/Everett signed Jan 2, 2026; permitting phase 25,000-seat MLS soccer stadium on Mystic River. $48M community benefits package to Boston (15 yrs). $90M+ to Everett (20 yrs). $13M Sullivan Square improvements. Privately funded by Kraft Group. Limited capital opportunity — but vendor, design, and construction contract opportunities on a $500M+ build. Robert Kraft (Kraft Group) Bisnow

Report compiled from public sources. Capital status assessments are analytical inferences — verify directly with principals before outreach.