Lincoln Property Chosen for Ohio's Entertainment District Development
Dec 11, 2024 at 10:13 AM
The Cleveland Browns are set to embark on an exciting journey with the development of a new entertainment district. Lincoln Property has been chosen as the development partner, and the 176-acre project, designed by HKS, is centered around a new enclosed stadium for the National Football League team. This massive development will include a 67,000-seat stadium, 300,000ft² of retail, two hotels, 1,100 apartments, and 500,000ft² of office space. The first phase, due in 2029, will feature 450 hotel rooms, 575 apartments, and 96,000ft² of retail space designed for a variety of food, beverage, and shopping outlets. Additionally, it will introduce 137,000ft² of experiential retail, incorporating a team store and other retail concepts aimed at fostering year-round community engagement.Lincoln Property's sports division, established in 2003, will utilize its extensive experience in developing sports and entertainment facilities to execute this remarkable project. The company currently manages $7.4bn in mixed-use developments, including 8,000 multifamily units, which are either complete or under construction. This showcases their expertise and ability to handle such large-scale undertakings.The Brook Park site, located 15 miles from downtown Cleveland, is strategically positioned to become a regional entertainment hub. It is easily accessible from major cities such as New York City, Washington, D.C, and Chicago. This accessibility will attract a wide range of visitors and residents, contributing to the economic growth of Northeast Ohio.Peter Kelly, Lincoln's Midwest operations executive vice-president, emphasized the importance of this project. He stated, "Lincoln is working with the Browns and Haslam Sports Group to develop a well-thought-out and compelling vision for a live/work/play destination to complement the new Huntington Bank Field planned for Brook Park. The economic impact that this entire project will bring to Northeast Ohio is unmatched – the mixed-use development alone is expected to generate $1.2bn annually and create more than 3,300 permanent jobs for the region. Northeast Ohio deserves a vibrant development like this, which will engage residents and visitors alike."Lincoln Property's previous domestic projects, such as The Star in Texas, Legacy Union in Charlotte, The Rock at La Cantera in San Antonio, and The Point near Salt Lake City, demonstrate their proficiency in creating successful mixed-use developments. HKS, the design firm responsible for the stadium and the master plan, has an impressive portfolio that includes SoFi Stadium and Bank Stadium. Their expertise will ensure that the Cleveland Browns' new entertainment district is a world-class destination.This new entertainment district will not only provide a home for the Cleveland Browns but also offer a wide range of amenities and experiences for the community. It will become a place where people can live, work, and play, creating a vibrant and dynamic atmosphere. With the 2029 deadline approaching, the excitement is building, and Northeast Ohio is poised to benefit from this transformative project.The economic impact of this project is expected to be significant. The mixed-use development alone is projected to generate $1.2bn annually and create over 3,300 permanent jobs. This will boost the local economy and provide employment opportunities for the residents of Northeast Ohio. Additionally, the new entertainment district will attract tourists and visitors, further contributing to the economic growth of the region.In conclusion, the Cleveland Browns' new entertainment district is a game-changer for Northeast Ohio. With Lincoln Property's expertise and HKS' design prowess, this project is set to become a regional landmark. The 2029 deadline is just around the corner, and the anticipation is growing. Stay tuned for more updates on this exciting development.
