Key facts
- A $288 million mixed-use project is planned around Neyland Stadium at the University of Tennessee.
- Arctos Partners, a KKR division, is a key partner in the development.
- RVX Ventures and Magellan Development Group are also collaborating on the project.
- The development will include entertainment space, a hotel, and apartments.
- The project aims to create a mixed-use entertainment district.
- The development is valued at $288 million.
A significant mixed-use development valued at $288 million is planned for the vicinity of Neyland Stadium at the University of Tennessee. The project is a joint venture involving Arctos Partners, a division of KKR, alongside RVX Ventures and Magellan Development Group. This ambitious undertaking will transform the area around the stadium into a vibrant entertainment district. The development is slated to include a variety of amenities designed to attract visitors and residents alike. Among the planned features are extensive entertainment spaces, a new hotel to accommodate visitors, and residential apartments. The goal of this collaboration is to create a dynamic hub that serves the University of Tennessee community and the broader public, enhancing the stadium's surroundings and providing new recreational and living opportunities.