One of the Largest Pickleball Facilities in the World Coming to Scottsdale
November 06 2023 - 9:00AM
Business Wire
Development deal includes intended home for USA
Pickleball, bolstering Arizona’s reputation as a premier sports and
tourism destination
PURE Pickleball™ announced its plans to co-develop a world-class
pickleball facility near Talking Stick Resort & Casino™.
Arizona-based entrepreneurs, Kevin J. Berk, Brett Warner, Kent S.
Berk, and David Warner signed a joint venture agreement with
Caliber (Nasdaq: CWD; CaliberCos Inc.) to jointly develop an
11-acre site that is widely considered to be at the epicenter of
the most active player community in the sport. Caliber, a real
estate investor, developer, and manager, is creating a Qualified
Opportunity Zone fund for the single purpose of investment in this
business, which means qualified investors will be able to invest in
this pickleball venture directly or via Caliber’s diversified
funds.
“Caliber has a rich history of investing in communities by
developing properties and destinations that meet their growing
needs,” said Brian Snider, Senior Vice President, Real Estate for
Caliber. “The demand for pickleball continues to exceed all
expectations. We are very excited to be a part of this project and
believe there is strong interest in the opportunity to invest in
such a promising venture. We see opportunity for growth in this
concept nationwide.”
“Pickleball is more than just a game; it’s a national phenomenon
with 48 million people projected to play pickleball this year,”
said Kevin J. Berk. “PURE Pickleball will cement Scottsdale,
Arizona as the best place to learn, play, and spectate this amazing
sport.”
“Over the past year, the PURE Pickleball team has engaged with
us on their ambitious plans to create an entirely new class of
pickleball venue,” said Justin Maloof, Chief Operating Officer for
USA Pickleball, the National Governing Body. “At this time, we are
announcing PURE Pickleball is our intended future home, permanent
headquarters and official National Training Center for USA
Pickleball.”
PURE Pickleball will claim the title of largest pickleball
facility in Arizona and one of the largest facilities in the world
when it opens in the fall of 2024. Phase 1 includes 28 over-sized
(34’x64’) indoor pickleball courts featuring post-tension
construction and premium cushion surfacing. All courts will be
privately gated and fenced with professional indirect lighting and
high-quality video cameras for streaming matches or recording
games. At center stage, is a first-of-its-kind Championship Court
(50’x70’) with a wrap-around 500-seat stadium and state-of-the-art
production capabilities for televised matches. Other infrastructure
under the roof will include a pro shop, café, men’s and women’s
locker rooms and private event spaces.
Additional phases include 16 outdoor courts with professional
direct lighting, a member clubhouse with restaurant and bar, two
rooftop courts for special events, member locker rooms and
in-demand amenities, full gym, childcare and after-school tutoring
services, and complementary commercial concepts to be
announced.
About:
- PURE Pickleball - Founded in 2022 to create premier
pickleball facilities around the world, bring innovative pickleball
products and services to players, and provide agency to top-ranked
pickleball professionals. PURE Pickleball will be located in the
Riverwalk Development Project, a 100-acre site in the Salt River
Pima Maricopa Indian Community that Caliber is developing into a
premier entertainment and mixed-use destination. Visit
www.purepickleball.com and subscribe to our newsletter.
- Caliber (CaliberCos Inc.) (NASDAQ: CWD) With more than
$2.9 billion of managed assets, Caliber’s 15-year track record of
managing and developing real estate is built on a singular goal:
make money in all market conditions. Our growth is fueled by our
performance and our competitive advantage: we invest in projects,
strategies, and geographies that global real estate institutions do
not. Integral to our competitive advantage is our in-house shared
services group, which offers Caliber greater control over our real
estate and visibility to future investment opportunities. There are
multiple ways to participate in Caliber’s success: you can invest
in Nasdaq-listed CaliberCos Inc. and/or you can invest directly in
our Private Funds.
- USA Pickleball - USA Pickleball is the National
Governing Body for the sport of pickleball in the U.S. and provides
players with official rules, tournaments, rankings and promotional
materials. The association is a nonprofit 501(c)(3) corporation and
governed by a board of directors and professional staff who provide
the guidance and infrastructure for the continued growth and
development of the sport.
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version on businesswire.com: https://www.businesswire.com/news/home/20231106929385/en/
Caliber Media Inquiries: Kelly McAndrew, Senior Vice President
Financial Profiles kmcandrew@finprofiles.com Direct -
203-613-1552
USA Pickleball Media Inquiries: Melissa Zhang, Director of
Communications and Content mzhang@usapickleball.org
Investment Inquiries: Ted Aust, VP of Wealth Development
ted.aust@caliberfunds.co Direct - 480-243-5079
Sponsorships & Partnerships: Kevin J. Berk, Co-Founder PURE
Pickleball kevin@purepickleball.com Direct - 480-861-7474
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