Comcast Spectacor and The Cordish Companies Announce $50 Million, Next-Generation Esports Arena in the Heart of the Philadelphia Sports Complex
PHILADELPHIA--(BUSINESS WIRE)--Mar 25, 2019--Comcast Spectacor and The Cordish Companies today announced plans for a $50 million, next-generation esports and entertainment venue in the heart of the Philadelphia Sports Complex. Adjacent to Xfinity Live!, the first-of-its-kind venue will seat up to 3,500 guests and stand as the largest new-construction, purpose-built esports arena in the Western Hemisphere. Its primary tenant, the Philadelphia Fusion esports franchise, is one of 20 international teams competing in the Overwatch League. In addition to serving as a premiere destination for competitive gaming events, Fusion Arena will also host a variety of live entertainment programming and experiences.
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An exterior rendering of Fusion Arena, a 3500-seat esports venue coming to the Philadelphia Sports Complex. Credit: Comcast Spectacor/The Cordish Companies/Populous
To view and/or download high-resolution renderings and overview video click here
“We’re thrilled to introduce a venue like no other as we move forward with the next phase of development within the Philadelphia Sports Complex,” said Dave Scott, Chairman and CEO, Comcast Spectacor. “Fusion Arena gives esports fans a best-in-class venue to call home and be proud of. Beyond competitive gaming, it’s a stunning facility that will host a wide array of events.”
“It is a tremendous honor for The Cordish Companies to grow its partnership with Comcast Spectacor and bring a state-of-the-art, world-class esports and entertainment venue to the heart of the Philadelphia Sports Complex,” said Blake Cordish, Principal of The Cordish Companies. “Fusion Arena will set the gold standard for competitive gaming and debut on one of the country’s most exciting platforms of sports and entertainment amid Philadelphia’s professional sports teams. Today’s announcement marks an exciting moment for the Comcast Spectacor-Cordish partnership as the next phase of Xfinity Live! continues to unfold.”
Designed by Populous, an architecture firm with deep experience in the fast-growing esports space, Fusion Arena will boast 60,000 square feet of new construction, featuring a stunning and futuristic design throughout. Construction is set to begin this summer.
“Fusion Arena represents a watershed moment for the competitive gaming market,” said Populous Senior Principal Brian Mirakian. “We’re taking our 35 years of designing iconic experiences for traditional sports – settings like Yankee Stadium – and applying those same principles of design to the virtual world of gaming.”
Eliciting the venue’s first wow is the arena’s exterior, a sleek and dynamic skin that draws inspiration from the hardware powering esports’ meteoric rise around the globe. The incorporation of industrial materials throughout Fusion Arena’s design pays tribute to Philadelphia’s heritage as the “workshop of the world.” A captivating 6,000-square-foot public entry will greet guests as they enter the space and includes 2,000 square feet of interactive media surface hovering 30 feet above them.
The technologically-advanced arena will offer unique seating experiences including two balcony bars, club seats with USB ports, flexible loge boxes and exclusive suites. Additionally, nearly 10,000 square feet will be dedicated to a training facility, broadcast studio and team offices. The training facility in particular separates the Fusion from the pack, offering unrivaled experiences and development opportunities for players.
“We are thrilled to bring this ambitious idea to life and celebrate the arrival of Fusion Arena with gaming enthusiasts throughout the region and beyond,” said Joe Marsh, Chief Business Officer of Spectacor Gaming and the Philadelphia Fusion. “This project places esports alongside all the major traditional sports that call South Philadelphia home.”
Details for Fusion Arena arrive at an exciting time as the Wells Fargo Center is in the midst of “ Transformation 2020,” an extensive, multi-year $250 million renovation initiative. Fusion Arena adds $50 million of new development within Philadelphia’s Sports Complex, complementing a transformed Wells Fargo Center, Lincoln Financial Field and Citizens Bank Park.
Fusion Arena is the second of several announcements surrounding Comcast Spectacor and The Cordish Companies’ real estate development within the Philadelphia Sports Complex, adjacent to Xfinity Live!. In February, the partnership announced plans for Pattison Place, an $80 million, new construction Class-A office tower. Since opening in 2012, Xfinity Live! has been a prominent dining, entertainment and hospitality anchor for the region, dramatically changing the fan experience for Flyers, Eagles, Phillies and 76ers fans, as well as out of town guests. Welcoming millions of visitors a year, Xfinity Live! has energized the Philadelphia Sports Complex via year-round events and experiences including concerts, festivals, family fun days, community functions, charity events, and watch parties.
For more information, please visit www.fusionarenaphilly.com.
About Comcast Spectacor
Comcast Spectacor is a professional sports and live entertainment company that is part of Comcast Corporation, a global media and technology leader that operates Comcast Cable, NBCUniversal and Sky. Headquartered in Philadelphia, Comcast Spectacor owns and operates the Wells Fargo Center arena and complex, as well as a portfolio of professional sports teams that includes the National Hockey League’s Philadelphia Flyers, the Overwatch League’s Philadelphia Fusion, the National Lacrosse League’s Philadelphia Wings and the Maine Mariners of the ECHL. Comcast Spectacor also holds strategic interest in several partner companies spanning the sports and entertainment landscape, including Spectra, Learfield IMG College, Xfinity Live! Philadelphia and N3rd Street Gamers. Visit us at ComcastSpectacor.com for more information.
About The Cordish Companies
The Cordish Companies’ origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Commercial Real Estate; Entertainment Districts; Sports-Anchored Developments; Gaming; Hotels; Residential Properties; Restaurants; International Development; Coworking Spaces; and Private Equity. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. The Cordish Companies has developed and operates highly acclaimed dining, entertainment and hospitality destinations throughout the United States, many falling under The Cordish Companies’ Live! Brand, highly regarded as one of the premier entertainment brands in the country. Welcoming over 50 million visitors per year, these developments are among the highest profile dining, entertainment, gaming, hotel and sports-anchored destinations in the country. Over the generations, The Cordish Companies has remained true to the family’s core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. For more information visit www.cordish.com or follow us on Twitter.
“The Cordish Companies,” “The Cordish Company” and “Cordish” are trademarks used under license by independent corporations, legal liability companies and partnerships (“Cordish Entities”). Each Cordish Entity is a separate, single-purpose legal entity that is solely responsible for its obligations and liabilities. No common operations or financial interdependency, and no intermingling of assets or liabilities of the Cordish Entities exists, or should be deemed to exist, as a result of the potential common reference to multiple independent entities operating under the names “Cordish,” “The Cordish Companies” or “The Cordish Company” here or elsewhere.
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CONTACT: Meghan Flanagan
The Cordish Companies
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SOURCE: Comcast Spectacor and The Cordish Companies
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PUB: 03/25/2019 11:00 AM/DISC: 03/25/2019 11:01 AM