World’s Largest Indoor Pickleball and Padel Facility Files for Building Permits
Caliber (NASDAQ: CWD) has achieved a significant milestone in its joint venture development, PURE Pickleball & Padel™, with the submission and acceptance of construction documents by Salt River Pima-Maricopa Indian Community. The project involves building the world's largest indoor pickleball and padel facility, spanning 196,726 square feet.
The facility, located in the Talking Stick Entertainment District near Scottsdale, will feature a 1,200-seat pro arena, 40 indoor pickleball courts, and 8 indoor padel courts. Additional amenities include a Wolfgang Puck restaurant, HonorHealth™ fitness center, pro shop, and rooftop patio. Construction is expected to take approximately 15 months, with the facility projected to attract 500,000 annual visitors.
The project is funded through the Pickleball at Riverwalk Fund, accepting investments from accredited investors and qualified opportunity zone funds (QOFs).
Caliber (NASDAQ: CWD) ha raggiunto una tappa importante nello sviluppo della sua joint venture PURE Pickleball & Padel™, con la presentazione e l'accettazione dei documenti di costruzione da parte della comunità indiana Salt River Pima-Maricopa. Il progetto prevede la realizzazione della più grande struttura indoor al mondo per pickleball e padel, con una superficie di 196.726 piedi quadrati.
La struttura, situata nel Talking Stick Entertainment District vicino a Scottsdale, disporrà di una arena professionale da 1.200 posti, 40 campi indoor di pickleball e 8 campi indoor di padel. Altri servizi includono un ristorante Wolfgang Puck, un centro fitness HonorHealth™, pro shop e terrazza sul tetto. La costruzione è prevista durare circa 15 mesi, con la struttura che dovrebbe attirare 500.000 visitatori all'anno.
Il progetto è finanziato tramite il Pickleball at Riverwalk Fund, che accetta investimenti da investitori accreditati e fondi di opportunità qualificata (QOF).
Caliber (NASDAQ: CWD) ha alcanzado un hito importante en su desarrollo de la empresa conjunta PURE Pickleball & Padel™, con la presentación y aceptación de los documentos de construcción por parte de la Comunidad Indígena Salt River Pima-Maricopa. El proyecto implica construir la instalación indoor de pickleball y padel más grande del mundo, que abarcará 196.726 pies cuadrados.
La instalación, ubicada en el Talking Stick Entertainment District cerca de Scottsdale, contará con una arena profesional de 1.200 asientos, 40 canchas indoor de pickleball y 8 canchas indoor de padel. Entre las comodidades destacan un restaurante Wolfgang Puck, un centro de fitness HonorHealth™, una tienda profesional y una terraza en la azotea. Se prevé que la construcción tome unos 15 meses, y que la instalación atraiga 500.000 visitantes anuales.
El proyecto está financiado a través del Pickleball at Riverwalk Fund, que acepta inversiones de inversores acreditados y fondos de zona de oportunidad calificada (QOF).
Caliber (NASDAQ: CWD)가 공동 개발 프로젝트인 PURE Pickleball & Padel™에서 Salt River Pima-Maricopa Indian Community의 건축 서류 제출 및 수락이라는 중요한 이정점을 달성했습니다. 이 프로젝트는 세계에서 가장 큰 실내 피클볼 및 패들 시설을 건립하는 것으로, 면적은 196,726제곱피트에 달합니다.
스코츠데일 근처의 Talking Stick Entertainment District에 위치한 이 시설은 1,200석 프로 아레나, 실내 피클볼 코트 40개, 실내 패들 코트 8개를 갖추게 됩니다. 또한 Wolfagang Puck 레스토랑, HonorHealth™ 피트니스 센터, 프로 샵 및 옥상 파티오가 포함됩니다. 건설은 약 15개월이 걸릴 예정이며, 연간 방문객은 50만 명으로 예상됩니다.
이 프로젝트는 Pickleball at Riverwalk Fund를 통해 자금을 조달하며, 인증된 투자자 및 자격을 갖춘 기회 구역 펀드(QOF)로부터의 투자를 받습니다.
Caliber (NASDAQ: CWD) a franchi une étape importante dans le développement de sa coentreprise PURE Pickleball & Padel™, avec la soumission et l’acceptation des documents de construction par la Communauté indienne Salt River Pima-Maricopa. Le projet prévoit la construction de la plus grande installation intérieure de pickleball et de padel au monde, couvrant 196 726 pieds carrés.
Située dans le Talking Stick Entertainment District près de Scottsdale, l’installation comprendra une arène professionnelle de 1 200 places, 40 courts de pickleball intérieurs et 8 courts de padel intérieurs. D’autres commodités incluent un restaurant Wolfgang Puck, un centre de fitness HonorHealth™, une boutique pro et une terrasse sur le toit. La construction devrait durer environ 15 mois, et l’installation devrait attirer 500 000 visiteurs annuels.
Le projet est financé par le Pickleball at Riverwalk Fund, qui accepte les investissements d’investisseurs accrédités et de fonds de zones d’opportunité qualifiée (QOF).
Caliber (NASDAQ: CWD) hat einen bedeutenden Meilenstein in der Entwicklung seines Joint Ventures PURE Pickleball & Padel™ erreicht, mit der Einreichung und Annahme der Bauunterlagen durch die Salt River Pima-Maricopa Indian Community. Das Projekt beinhaltet den Bau der weltweit größten Indoor-Einrichtung für Pickleball und Padeln, die sich auf 196.726 Quadratfuß erstreckt.
Die Anlage, im Talking Stick Entertainment District in der Nähe von Scottsdale gelegen, wird eine 1.200-sitzige Profi-Arena, 40 Indoor-Pickleball-Plätze und 8 Indoor-Padel-Plätze umfassen. Zu den Annehmlichkeiten gehören ein Wolfgang Puck-Restaurant, ein HonorHealth™-Fitnesszentrum, ein Pro-Shop und eine Dachterrasse. Die Bauarbeiten werden voraussichtlich etwa 15 Monate dauern, und die Anlage soll 150.000 Besucher pro Jahr anziehen.
Das Projekt wird über den Pickleball at Riverwalk Fund finanziert und akzeptiert Investitionen von akkreditierten Investoren und Qualified Opportunity Zone Funds (QOFs).
Caliber (NASDAQ: CWD) قد حقّق خطوة مهمة في تطوير مشروعه المشترك PURE Pickleball & Padel™، مع تقديم وقبول وثائق البناء من قِبل مجتمع Salt River Pima-Maricopa الهندي. يهدف المشروع إلى إنشاء أكبر منشأة داخلية لل pickleball و padel في العالم، بمساحة 196,726 قدم مربع.
تقع المنشأة في حي Talking Stick Entertainment District بالقرب من سكوتسديل، وستضم ساحة احترافية سعتها 1,200 مقعد، و40 ملعبًا داخليًا للـ pickleball و8 ملاعب داخلية للـ padel. كما ستشمل مرافق أخرى مطعم Wolfgang Puck، مركز HonorHealth™ للياقة البدنية، متجر محترفين، وتراس على السطح. من المتوقع أن تستغرق أعمال البناء نحو 15 شهرًا وأن تجتذب المنشأة حوالي 500,000 زائر سنويًا.
يتم تمويل المشروع عبر صندوق Pickleball at Riverwalk، الذي يقبل استثمارات من مستثمرين معتمدين وصناديق منطقة الفرصة المؤهلة (QOFs).
Caliber (纳斯达克：CWD) 在其合资企业 PURE Pickleball & Padel™ 的开发中取得了重要里程碑，盐河皮马-马里科帕印第安社区提交并接受了建设文件。该项目涉及建设 世界上最大的室内 pickleball 与 padel 设施，面积为 196,726 平方英尺。
该设施位于斯科茨代尔附近的 Talking Stick 娱乐区，将设有一个 1,200 座的职业竞技馆、40 个室内 pickleball 球场和 8 个室内 padel 球场。其他设施包括沃尔夫冈·帕克餐厅、HonorHealth™ 健身中心、专业商店以及屋顶露台。施工预计约需 15 个月，设施预计每年吸引 50 万名访客。
该项目通过 Pickleball at Riverwalk 基金融资，接受来自合格投资者和合格机会区基金（QOF）的投资。
- Development of world's largest indoor pickleball and padel facility spanning 196,726 square feet
- Strategic location in Talking Stick Entertainment District with projected 500,000 annual visitors
- Premium partnerships with Wolfgang Puck Catering and HonorHealth™
- Investment opportunity structured as a qualified opportunity zone business (QOZB)
- Project targets fastest-growing sports markets in the United States and globally
- Significant construction timeline of 15 months before revenue generation
- Large-scale project carries execution and construction risks
- Investment limited to accredited investors and qualified opportunity zone funds
Construction Documents Have Been Submitted, and Accepted for Caliber’s Joint Venture Development, PURE Pickleball & Padel
SCOTTSDALE, Ariz., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a diversified real estate and digital asset management platform, today announced that its joint venture development, PURE Pickleball & Padel™ (“PURE”) Construction Documents are complete, submitted, and accepted for review by Salt River Pima–Maricopa Indian Community (SRP-MIC) on September 12, 2025. The milestone marks the start of PURE's building permitting process, the final step before construction begins on the 196,726-square-foot facility, which is expected to take about 15 months.
PURE has chosen DAVIS, a Phoenix-based architectural firm, to design a unique indoor facility and state-of-the-art venue for players and spectators to gather and enjoy pickleball and padel year-round. It will combine a professional arena, community courts, and country club amenities including a restaurant and bar, pro shop, and private VIP areas.
PURE selected RICK in Phoenix for engineering, planning, landscape architecture, and land surveying services. Jeff Hunt, PE, Associate Principal at RICK, expressed enthusiasm about supporting the engineering team for a 200,000 sq. ft. sports and entertainment facility expecting around 500,000 annual visitors.
PURE Pickleball & Padel™ is developing an 11+ acre site in the Riverwalk Development Project located in the Talking Stick Entertainment District, a 100-acre site adjacent to Scottsdale. PURE will be a world-class pickleball and padel facility and pro arena and seeks to claim the title of the largest indoor pickleball and padel facility in the world. The 196,726 square feet state-of-the-art facility will boast a 1,200-seat pro arena, 40 indoor pickleball courts, 8 indoor padel courts, sports performance and recovery fitness center by HonorHealth™, restaurant and bar by Wolfgang Puck Catering, pro shop, locker rooms and spa, special event spaces, rooftop patio and bar, meeting spaces, childcare and other amenities.
Chris Loeffler, CEO of Caliber, said, “We are excited by the continued progress that is being made to realize the vision for PURE Pickleball & Padel™ as a premier destination for the sport’s enthusiasts and a lifestyle development that improves the lives of the people in the community.”
For developing PURE, Caliber created the Pickleball at Riverwalk Fund, a single asset offering designed to invest in real estate, land sublease, and business operations. This offering is active and allows for direct investment from accredited investors as well as qualified opportunity zone funds (QOFs) seeking to allocate capital to a potentially attractive qualified opportunity zone business (QOZB). Caliber has designed the offering for broad participation, seeking Pickleball & Padel enthusiasts who are looking for exposure to the two fastest growing sports in the United States and the World.
For more information on the project, visit Caliber’s website.
Photo 1: Exterior Rendering of PURE
Photo 2: Interior Rendering of PURE Championship Court
Photo 3: Interior Rendering of PURE Pickleball Courts
Photo 4: Interior Rendering of PURE Paddle Courts
About Caliber (CaliberCos Inc.)
Caliber (Nasdaq: CWD) is a diversified alternative asset manager with over
About PURE Pickleball & Padel
PURE Pickleball & Padel has partnered with Caliber to build the world's largest indoor pickleball & Padel facility and pro arena in Scottsdale, Arizona. The 196,726 square feet state-of-the-art facility will boast 48 indoor courts (40 Pickleball and 8 Padel), a 1,200-seat pro arena, along with country club level amenities that include a sports performance and recovery fitness center by HonorHealth™, restaurant and bar by Wolfgang Puck Catering, VIP lounge, office space, childcare and teen room. PURE is a member-focused, program-driven concept that will connect the two fastest growing sports in the world with the Scottsdale community across all ages, skill levels, and backgrounds. With an estimated 500,000 visits annually, the facility plans to host the largest pickleball/padel tournaments in the world.
About DAVIS
Founded in 1991, DAVIS is a Phoenix-based architecture, interiors, and urban design firm with more than 33 million square feet designed and built. Our expertise spans mixed-use, office, retail, hospitality, multifamily, and senior living environments—projects that have defined Greater Phoenix for nearly four decades. Led by founder and CEO Mike Davis, our team blends creativity with commercial insight to deliver spaces that lease quickly, perform long-term, and consistently achieve top market value. Guided by our Life in Place® philosophy, we create environments that are purposeful and dynamic—places that don’t just function, but truly come alive.
About RICK
RICK (formerly referred to as Rick Engineering Company) started as a family-owned engineering, planning, and design firm more than 70 years ago. Though we have grown our employee base and expanded geographically, we have proudly maintained our close-knit, people-oriented company culture. Our in-house teams, staffed by industry-leading experts in their respective fields, work seamlessly together to offer our clients comprehensive services they can trust.
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
CONTACTS:
Caliber Investor Relations:
Ilya Grozovsky
+1 480-214-1915
Ilya@CaliberCo.com
PURE Pickleball & Padel
Kevin J. Berk – Co-Founder & CEO
+1 480-861-7474
Kevin@purepickleball.com
DAVIS Architecture
Will Craig
Wcraig@thedavisexperience.com
RICK Engineering
Jeff Hunt
jhunt@rickengineering.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/75eee293-5519-49f3-b906-c4441d6381f9
https://www.globenewswire.com/NewsRoom/AttachmentNg/2c1b7809-4983-4911-963d-1585e89cf558
https://www.globenewswire.com/NewsRoom/AttachmentNg/7e9f7830-3f67-4978-b371-9a53e656b3eb
https://www.globenewswire.com/NewsRoom/AttachmentNg/56ddd1ad-d78a-4d9b-bac6-65aaea91f82e
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