Longtime rivals in the AL East, the Boston Red Sox and the Baltimore Orioles, are both making progress on separate projects inspired by the success of the Atlanta Braves’ mixed-use development.
Boston officials have given approval for Fenway Corners, a $1.6 billion project led by the Red Sox parent company, Fenway Sports Group, in partnership with WS Development and Twins Enterprises. The plan involves constructing eight buildings around Fenway Park, ranging from two to 19 stories, which will create over 2 million square feet of new space. The development will include offices, storefronts, residential units, street upgrades, and enhanced pedestrian and public spaces.
Meanwhile, the Baltimore Orioles are close to finalizing a lease deal with the Maryland Stadium Authority to revitalize the Camden Yards campus. The agreement, which has been negotiated for over three years and involved two Maryland governors, aims to update the 31-year-old Oriole Park at Camden Yards and its surrounding area. Upon securing the new lease, the Orioles would have access to $600 million in public funds for the development, similar to what the neighboring Baltimore Ravens have.
The success of the Atlanta Braves’ Truist Park and The Battery development has had a significant influence on the sports industry. The concept of integrating stadiums or arenas with mixed-use spaces has become a popular trend in various stadium and arena projects.
It is worth noting that the Braves are also preparing to separate from Liberty Media this week.
