Dive Brief:

• Harridge Development Group has purchased an 18-acre parcel in Inglewood, CA, near the site of the new stadium under construction for the Rams and Chargers NFL teams, according to Curbed Los Angeles.

• Grace Park will comprise 228 detached condos, which the developer says will be aimed primarily at the area’s tech workers. The site had already been approved for 310 townhomes on behalf of the previous owner, the Shopoff Group. 

• Also under construction near the stadium is a mixed-use project that will include a hotel, retail, casino and, so far, 3,000 housing units.

Dive Insight:

The $2.6 billion 3-million-square-foot stadium broke ground last November. The project will be the center of the L.A. Stadium and Entertainment District, containing retail, residential units, a hotel, parks and waterfalls, as well as a performance venue.

Sports stadiums have long been touted as a harbinger of economic prosperity, said to encourage development nearby. Increasingly, that development is high-end residential, The Washington Post noted, both as a way to improve the gameday experience for fans who want to live nearby and to help cover project costs.

Such plans aren’t always met with enthusiasm by residents, however. For example, a mixed-used project around the new D.C. United major league soccer stadium in Washington, DC, is facing resistance due to how it might shift the fabric of the community and concerns about gentrification. 

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