Caliber(US:CWD) Globenewswire·2025-09-29 13:00Core Insights - Caliber has completed and submitted construction documents for its joint venture development, PURE Pickleball & Padel, marking the start of the building permitting process for a 196,726-square-foot facility [3][8] - The facility aims to be the largest indoor pickleball and padel venue globally, featuring a 1,200-seat pro arena and various amenities [8][14] - The project is expected to attract around 500,000 annual visitors and is designed to enhance community engagement with the sports [6][9] Company Overview - Caliber is a diversified real estate and digital asset management platform with over $2.9 billion in managed assets, specializing in private equity real estate investments [13] - The company has launched a Digital Asset Treasury strategy in 2025, bridging real and digital asset investing [13] Project Details - The PURE facility will include 40 indoor pickleball courts, 8 indoor padel courts, a sports performance and recovery fitness center, and a restaurant by Wolfgang Puck Catering [8][14] - The project is located in the Riverwalk Development Project within the Talking Stick Entertainment District, covering an 11+ acre site [8] Partnerships and Services - DAVIS, a Phoenix-based architectural firm, has been selected to design the facility, while RICK will provide engineering and planning services [5][6] - The Pickleball at Riverwalk Fund has been created to facilitate investments in the project, targeting accredited investors and opportunity zone funds [11]