Brookfield Properties, a global real estate services company, and international venue management company ASM Global, have been selected to redevelop the 48-acre San Diego Sports Arena (SDSA) site in the USA.
Brookfield Properties and ASM Global partnered on the winning proposal, which included over 2,000 housing units, nearly 600,000 square feet of mixed-use office/hospitality and retail space, and public parks. The decision was made after months of review led by San Diego Mayor Kevin Faulconer.
“We are honoured to have been selected to put forth a master plan that will transform this site into a world-class mixed-use entertainment district,” said Chase Martin, a senior vice-president at Brookfield Properties. “We look forward to working with the city to deliver a project that will celebrate sports and entertainment while creating a community. Both Brookfield and ASM are excited about this vision and look forward to starting the conversation with the community to bring it to life.”
“ASM Global operates some of the premiere entertainment facilities in the world. Their commitment to delivering a world-class experience for the community in which they operate comes through in every aspect of their business. They are complementary to our business in every way, so it only made sense to create this vision with them,” added Martin.
“This site provides a phenomenal opportunity for a sports anchored development in the middle of one of the best cities in the United States,” said Chuck Steedman (pictured), an executive vice-president at ASM Global. “The SDSA site has served the San Diego community well since 1966, when it was one of the most iconic facilities in the country. Given our global experience with arenas, and Brookfield’s with mixed-use development, this was a logical pursuit for us.”
“We want to work together to produce an outcome that the people of San Diego can be proud of. We are grateful for the confidence and support of the city, and we look forward to the work we have ahead of us,” said Zach Adams, a vice-president at Brookfield Properties.
The redevelopment area falls within the Sports Arena Community Village and includes approximately 48 acres in west-central San Diego. The two firms will work out a lease and development agreement with the city in the coming months.