On September 30, 2025, CaliberCos announced that the construction documents for its joint‑venture development, PURE Pickleball & Padel, were completed, submitted, and accepted for review by the Salt River Pima–Maricopa Indian Community (SRP‑MIC) on September 12, 2025. This milestone initiates the building‑permit process for the 196,726‑sq‑ft facility located in Scottsdale, Arizona’s Talking Stick Entertainment District.
The new venue will feature 40 indoor pickleball courts, 8 indoor padel courts, a 1,200‑seat pro arena, and a suite of amenities including a sports‑performance center, a restaurant and bar by Wolfgang Puck Catering, a pro shop, VIP lounge, and event spaces. The project is projected to attract roughly 500,000 visitors annually and will host the world’s largest pickleball and padel tournaments.
This development diversifies CaliberCos’s portfolio beyond its core hospitality and multifamily assets, creating a high‑profile, community‑focused revenue stream that aligns with the company’s strategy to build landmark properties. The joint venture is supported by the Pickleball at Riverwalk Fund, a single‑asset offering that allows accredited investors and QOFs to invest directly in the project, further expanding CaliberCos’s capital‑raising capabilities.
The design was led by Phoenix‑based architecture firm DAVIS, with engineering and planning by RICK, and the project will be constructed on an 11‑plus‑acre site in the Riverwalk Development Project. The partnership underscores CaliberCos’s commitment to innovative, large‑scale developments that generate long‑term value for investors.
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