For many midsize cities, a professional sports franchise is much more valuable than the crowds and excitement it brings. It can be a catalyst for economic growth, national visibility, and community pride. But pursuing a team is also a deliberate…
Sports- and entertainment-anchored mixed-use districts are among the most exciting – and challenging – projects in real estate. When they work, they transform communities, lift values, and create year-round activation. But when early assumptions are soft, schedules slip, costs climb,…
McCullers Group President Mark McCullers is quoted in the latest issue of Stadia magazine about contemporary American stadium design and use and how multi-purpose, stadium-anchored mixed-use districts have become the new standard for the NFL, soccer, and other sports, leagues,…
Ali Fawaz has joined sports and real estate firm McCullers Group as a Development Analyst. In his role he will be responsible for underwriting, evaluating, structuring, and supporting the execution of commercial- and stadium-anchored mixed-use developments, including capital strategy, deal…
As construction got underway on the new permanent home of USL sides Greenville Triumph and Greenville Liberty in Mauldin, South Carolina, Sports Venue Business highlighted the project, for which McCullers Group is serving as the teams’ Owner’s Representative. McCullers Group…
A new chapter in Upstate South Carolina soccer history has begun as construction is officially underway on the permanent home for the Greenville Triumph and Greenville Liberty United Soccer League (USL) teams. The multi-use stadium at the BridgeWay Station mixed-use…
There are reasons why private developers aren’t building stadiums across the country. Without a robust event program that minimizes “dark days” across the calendar (we call it “making the building sweat”), they just don’t cap rate at a suitable level.…
McCullers Group President Mark McCullers was quoted in a recent story on commercial real estate platform CoStar about pending stadium lease expirations and the move by many teams and cities to pursue new stadium-anchored mixed-use districts. The story, which examines…
Upstate Business Journal, Greenville, South Carolina’s leading business monthly, features an in-depth look at sports stadium project planning in its August issue. Staff writer Jay King spoke with McCullers Group President Mark McCullers about the intricacies of these often-complex projects.…
Q: Why have we seen a shift to stadium-anchored districts from traditional stand-alone venues and what makes it attractive to communities and investors? A: The move away from traditional stand-alone stadiums – usually surrounded by parking lots and isolated from…
