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Housing Developments Surrounding Sports Arenas

November 4th, 2007

Its interesting how the building of new era stadiums have evolved through the years.  Stadiums in the last 15 years have  spurred redevelopment of entire areas of inner-city and within the last few years, the cities and teams are not leaving the benefit of these auxiliary investments to the private developers.  When Coors Field was built in Downtown Denver in 1995, it kicked off a renaissance of Downtown Denver with new restaurants and condo developments that continue to this day.  The Coors Field plan only had the actual stadium in scope and private developers snatched up land around the stadium, in the new Ballpark District, enjoying a windfall of profit with Major League Baseball and the City of Denver to thank.

Stadiums built more recently have included housing in the stadium plans.  Minute Maid Park in Houston included condos in left field as part of the original stadium plans and the new home for the Washington Nationals, to open for the 2008 season, also included housing and retail in the stadium master plan.  These new stadiums have revived entire areas of the cities and housing in the area often caters to high-end clientèle and is in high demand.  Apartments for rent are also very popular among the 20-somethings looking to live the urban lifestyle.  Living near a downtown stadium makes for consistent excitement in your daily life, though it can be irritating at the same time when trying to leave and return home at game time.  This impact can be seen for decades, evidenced by the latest condo development in the few remaining empty lots across Blake Street from Coors Field going up in 2008.

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